The 2020 Mid-Year Economic Update_long

Flowserve Sales Down 5.1% in 2Q

Year-to-date sales down 5 percent compared to same period in 2014.

Flowserve Corp. (NYSE: FLS), Dallas, TX, reported sales for the second quarter of $1.2 billion, a decrease of 5.1 percent year-over-year. Profit decreased 39.3 percent to $75 million.

“Flowserve produced solid operating results for the 2015 second quarter against a backdrop of reduced global capital spending in our served end markets, increased headwinds in some emerging markets, low oil prices and a strong U.S. dollar,” said Mark Blinn, Flowserve’s president and CEO.

Year-to-date sales were $2.2 billion, a decrease of 5 percent over the prior-year period. Profit decreased 55.6 percent to $102.7 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.