Flowserve Corporation Reports Third Quarter Results
Monday, November 1, 2010
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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