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Flowserve Corporation Reports Third Quarter Results

Monday, November 1, 2010  
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For the third quarter of 2010 Flowserve announced fully diluted EPS of $1.84, down 11.1%, including realignment charges of $0.03, and Valbart related charges of $0.05 and $0.17 of net after-tax currency benefits. Sales were $972 million, down 7.6%, or 4.5% excluding negative currency effects of $32 million. Operating income of $129 million was down 19.9%, including realignment charges of $2.1million and Valbart related charges of $4.3 million. More…

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