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In The News:

Flowserve Sales Down 1.2% in 2Q

Flowserve Corp. (NYSE: FLS), Dallas, TX, reported sales for the second quarter of $1.2 billion, a decrease of 1.2 percent year-over-year. Profit increased 2.6 percent to $123.5 million.

“Flowserve’s second quarter results were solid, and our robust bookings highlight the increased activity building in our key energy markets as we have seen a few project awards beginning and expect increased activity later in 2014 and into 2015,” said Mark Blinn, president and CEO.

Year-to-date sales were $2.3 billion, a decrease of 1.9 percent over the prior-year period. Profit increased 6 percent to $231.2 million.

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