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.