whytestocks
6 years ago
News: $FLS Flowserve Announces the Appointment of Dr. Tauseef Salma as Marketing & Technology Vice President
Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Dr. Tauseef Salma will join Flowserve as Vice President, Marketing & Technology, beginning Monday, February 11. This press release ...
Find out more https://marketwirenews.com/news-releases/flowserve-announces-the-appointment-of-dr-tauseef-salma-as-marketing-technology-vice-president-7093488.html
benfrankledger
8 years ago
$FLS Fourth Quarter 2016 Highlights
Reported Earnings Per Share (EPS) of $0.50 includes $0.22 per share of adjusted items, as detailed below, and approximately $0.03 per share of negative currency translation
Adjusted EPS[1] was $0.72 excluding the adjusted items but including the negative currency translation
Adjusted items include $0.20 per share of realignment expenses and $0.02 of purchase price accounting expenses and Brazil inventory write-down
Sales were $1.07 billion, down 14.7% on a constant currency basis
Aftermarket sales were $502 million in the fourth quarter, down 8.7% on a constant currency basis
Total bookings were $908 million, down 4.2% on a constant currency basis
Aftermarket bookings were $446 million, or 49% of total bookings, flat with prior year on a constant currency basis
Reported gross and operating margins of 31.0% and 10.0% increased 10 basis points and decreased 60 basis points, respectively
Adjusted gross and operating margins[2] were 33.2% and 13.2% declined 20 basis points and 130 basis points, respectively