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Flowserve Reports Full Year and Fourth Quarter 2010 Results

Thursday, March 3, 2011  
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Flowserve’s Flow Control Division (FCD) bookings for the fourth quarter of 2010 were $327.8 million, an increase of $36.6 million, up 12.6%, or 16.0% excluding negative currency effects of approximately $10 million. Bookings for the full year 2010 were $1.31 billion, an increase of $108.3 million, up 9.0%, or 10.2% excluding negative currency effects of approximately $14 million. Valbart provided bookings of $38.1 million and $54.6 million for the fourth quarter and full year, respectively. FCD sales for the fourth quarter of 2010 were $360.1 million, an increase of $50.1 million, up 16.2%, or 20.0% excluding negative currency effects of approximately $12 million. Sales for the full year 2010 were $1.20 billion, a decrease of $5.7 million, down 0.5%, or up 1.1% excluding negative currency effects of approximately $19 million. Valbart provided sales of $25.9 million and $38.3 million for the fourth quarter and full year, respectively. More...

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