Flowserve Corporation (NYSE: FLS), Dallas, TX, reported full year sales for 2014 of $4.9 billion, a decrease of 1.5 percent from the previous year. Profit increased 6.9 percent to $518.8 million from the previous year.
Fourth quarter sales were $1.4 billion, a decrease of 0.6 percent from the same period the previous year. Profit increased 12.7 percent to $159 million
“Although we are not immune to the recent decline in crude oil price or the strengthening U.S. dollar, I believe Flowserve is well positioned, and will pursue numerous growth opportunities, in this environment,” said Mark Blinn, president and CEO.