Flowserve Reports Record First Quarter EPS of $1.64, Up 8%
Monday, May 4, 2009
Flowserve Corp. announced record first quarter results in earnings per share (EPS), sales and operating income in its Form 10-Q report for the first quarter of 2009 filed with the Securities and Exchange Commission. The company announced that first quarter fully diluted EPS and operating income growth were up 8% and 23%, respectively, over the first quarter of 2008.
Flow Control division bookings for the first quarter of 2009 were $303 million, a decrease of $87 million, down 22%, or 14% excluding negative currency effects of approximately $32 million. Flow Control sales for the first quarter of 2009 were $297 million, a decrease of $3 million, down 1%. More…
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