Wed09172014

Last updateWed, 17 Sep 2014 11am

Waste to Renewable Chemicals

Waste to Renewable Chemicals

More than 93% of Edmonton, Alberta’s nearly 880,00...

Mining for Value

Mining for Value

At VMA’s annual Market Outlook Workshop held in Bost...

Valve World Expo Opens Third Exhibit Hall

Valve World Expo Opens Third Exhibit Hall

Valve World Expo, the 9th Biennial Valve World Con...

VALVE Magazine Print & Digital

Subscribe sum14Read the latest digital edition

Subscribe to the digital edition

Subscribe to the print edition

Subscribe to the biweekly VALVE eNews

BUYERS GUIDE 300x80

New Products

Industry Headlines

Advertisement

Web Only

Waste to Renewable Chemicals

Waste to Renewable Chemicals

13 HOURS AGO  |  Kate Kunkel

More than 93% of Edmonton, Alberta’s nearly 880,000 residents recycle, keeping 60% of waste out of the landfills. But that wasn’t good enough for this...

Read more

Loading...
Advertisement

Flowserve Corporation Reports First Quarter Results

In the Flow Control Division (FCD) of Flowserve bookings for the first quarter of 2012 were $380.1 million, an increase of $2.8 million, up 0.7%, or 2.6% excluding negative currency effects of approximately $7 million. FCD sales for the first quarter of 2012 were $363.9 million, an increase of $26.3 million, up 7.8%, or 10.2% excluding negative currency effects of approximately $8 million.

FCD gross profit for the first quarter of 2012 increased to $127.2 million, up $11.6 million or 10.0%. Gross margin for the first quarter of 2012 increased 80 basis points to 35.0%, which was primarily attributable to favorable product line and maintenance, repair and overhaul mix, improved absorption of fixed manufacturing costs, continued progress on low cost sourcing initiatives and benefits from pricing actions taken in 2011.

FCD operating income for the first quarter of 2012 increased to $55.7 million, up $8.2 million or 17.3%, including negative currency effects of approximately $1 million. The increase was primarily attributable to the increase in gross profit, partially offset by an increase in selling, general & administrative expense (SG&A) due to increased selling expenses in support of increased sales and increased research and development costs. Operating margin increased 120 basis points to 15.3%.

For the complete report click here

VIDEO HOME PAGE

  • Latest

  • Popular

  • Links

  • Events

 

Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

buy testosterone order syringes injectable steroids dogs deca durobolin steroids injectable