Flowserve Corporation Reports First Quarter 2017 Results

First Quarter 2017 Highlights (all comparisons to 2016 first quarter, unless otherwise noted):  Reported Earnings Per Share (EPS) of $0.11 includes $0.14 per share of adjusted items; Adjusted EPS[1] was $0.25 excluding the adjusted items;  Both Reported and Adjusted results include approximately $10 million of accelerated non-cash incentive recognition and executive transition expenses; Sales were $864 million, down 7.8% on a constant currency basis;  Aftermarket sales were $408 million, down 3.0% on a constant currency basis;  Total bookings were $958 million, up 5.3% on a constant currency basis;  Aftermarket bookings were $457 million, or 48% of total bookings, up 3.0% on a constant currency basis;  Original equipment booking were $501 million, up 7.4% on a constant currency basis; Book-to-bill of 1.11, highest since the second quarter of 2014.

https://www.flowserve.com/en/more/about-company/news-events/flowserve-corporation-reports-first-quarter-2017-results

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