Sun03012015

Last updateThu, 26 Feb 2015 8pm

VALVE Magazine Print & Digital

Subscribe WNT15Read 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

Advertisement
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

15 WNT CVR 160x214Inside the Winter 2015 issue…

• Your Control Systems Are at Risk!
• Building a Better Workforce
• Focus on the Offshore Market
• Forgings: Quality with a Cost

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

steroids list buy steriods online uk top recovery supplement buy-legalsteroids.com igf-1 powder