Valve Magazine

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Last updateTue, 22 Apr 2014 5pm

High-Performance Polymers: The Gap Between Need and Science

High-Performance Polymers: The Gap Between Need and Science

In many engineering sectors, application environme...

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...

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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 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%.

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Valve Magazine Digital Edition

SPR14 CVR 160x214Inside the Spring 2014 issue…

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

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