Monday, July 30, 2012

Flowserve Appears Quite Pleased With Their Earnings (FLS)

Earlier today we had mentioned the company for the first time ever: "U.S. Oil Surge Causing Shortages of Valves, Pumps (SPW; FLS; MRC)".
The stock closed the regular session down 31 cents at $115.80. After-hours the stock is up 7 cents.
Here's the press release via MarketWatch:
Second Quarter EPS Rises 12.5% to $1.98 and Bookings Reach $1.21 Billion; Company Reaffirms 2012 Full Year EPS Target Range of $8.00 to $8.80

DALLAS, July 30, 2012 - Flowserve Corp. FLS -0.27% , a leading provider of flow control products and services for the global infrastructure markets, announced today financial results for the second quarter of 2012 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Highlights from the second quarter and first half of 2012 were as follows:
Second Quarter 2012 (all comparisons versus second quarter 2011 unless otherwise noted):
- Fully diluted EPS of $1.98, up 12.5%, including $0.11 of below the line negative currency effects and a $0.05 net benefit from discrete corporate items
- Fully diluted EPS up 24% excluding below the line currency effects year over year