Valve Magazine

Sun04202014

Last updateThu, 17 Apr 2014 1pm

Tank Cars

Tank Cars

The next time you‘re stopped at a crossing waiting...

Extracting Nutrients, Saving Resources through Livestock Water Recycling

Extracting Nutrients, Saving Resources through Livestock Water Recycling

Giant livestock farms, which can house thousands o...

The Expanding Network of Valves

The Expanding Network of Valves

As industry itself reaches into more and more area...

Valve Packing & Gasket Research and Development Devices

Valve Packing & Gasket Research and Development Devices

The continuous improvement of valve packing techno...

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Tank Cars

Tank Cars

The next time you‘re stopped at a crossing waiting for a mile-long train you thi...

The Expanding Network of Valves

The Expanding Network of Valves

As industry itself reaches into more and more areas of the world, getting the eq...

The Expanding Reach of Plastic Valves

The Expanding Reach of Plastic Valves

Although plastic valves are sometimes seen as a specialty product—a top choice o...

Flowserve Reports Second Quarter 2012 Results

Flowserve Corp. announced financial results for the second quarter of 2012 yesterday.

Bookings in Flowserve's flow control division (FCD) for the second quarter of 2012 were $411.6 million, a decrease of $28.4 million, down 6.5%, or 0.5% excluding negative currency effects of approximately $26 million. FCD sales for the second quarter of 2012 were $401.5 million, an increase of $14.4 million, up 3.7%, or 11.0% excluding negative currency effects of approximately $28 million.

FCD gross profit for the second quarter of 2012 increased to $132.3 million, up $0.4 million or 0.3%. Gross margin for the second quarter of 2012 decreased 110 basis points to 33.0%, which was primarily attributable to product line mix and a sales mix shift to original equipment.

FCD operating income for the second quarter of 2012 increased to $60.4 million, up $0.5 million or 0.8%, including negative currency effects of approximately $4 million. The increase was primarily attributable to slightly improved gross profit and reduced SG&A. Operating margin decreased 50 basis points to 15.0%.

 

Valve Magazine Digital Edition

SPR14 CVR 160x214Inside the Spring 2014 issue…

• Tank Cars
• DBBS & DIBS
• Shale Gas
• New Globe Standard

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