Last updateThu, 09 Jul 2020 3pm

Flowserve Reports Record Full Year 2008 EPS of $7.74, up 74%

Flowserve Corp. announced record full year and fourth quarter earnings per share and sales in its 2008 Form 10-K Report filed with the Securities and Exchange Commission. The company announced record full year and fourth quarter fully diluted EPS of $7.74, up 74% and $2.03, up 22%, respectively, and full year and fourth quarter operating income of $613 million, up 50% and $159 million, up 16%, respectively.

Source: Flowserve

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Emerson Wins Major Fisher Digital Valve Order for Saudi Olefin Project

Emerson has been awarded an order for the installation of technologically-advanced Fisher control valves at the Saudi Kayan petrochemical complex in Al Jubail Industrial City, Saudi Arabia. For the project, Emerson will supply 780 Fisher digital control valves including the largest 42-inch Fisher antisurge valve ever to be built.

Source: Emerson

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SPX Lands Westinghouse Contracts

SPX Corp.’s flow-technology business will provide Westinghouse Electric Co. with highly-specialized valves for up to 12 new nuclear power plants in the United States and China.

The combined contracts are valued in excess of $100 million.

Source: Charlotte Business Journal

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Flowserve Signs Valve Manufacturing Joint Venture with S&A Abahsain

Flowserve Corporation announced the signing of a joint venture agreement with S&A Abahsain Co. Ltd., a diverse Saudi Arabian business entity, spanning industry, trading, construction, real estate and services.

Building on existing joint ventures with the Flowserve Pump and Seal divisions, Abahsain and Flowserve have expanded their relationship to include the manufacturing of control valves, ball valves, plug valves, butterfly valves, and electric and pneumatic actuators for the oil and gas, petrochemical, power and water industries.

Source: Flowserve

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