Hurricane Frances battered Florida for three days causing billions of dollars in damage. At least seven deaths were attributed to the storm and over 6 million people lost power. Municipalities were negatively impacted, including Martin County in southeast Florida and the Everglades.
Flowserve Corp. today reported net income of $10.7 million, or 19 cents a share, in the first quarter of 2004, compared with $7.5 million, or 14 cents a share, in the year-ago quarter. Before special items, first quarter 2003 net income was $12.3 million, or 22 cents a share.
The 2004 Stockholm Water Prize has been awarded to Professors Sven Erik Jørgensen, Denmark, and William J. Mitsch, USA. The scientific fields of the Laureates complement one another and they share the 2004 Stockholm Water Prize.
Flowserve Corp. announced financial results for 2003 and restated results for 2002 through 2000 and for the nine months ended Sept. 30, 2003.
Flowserve Corp. today said it is still in the process of preparing to file its Form 10-K with the Securities and Exchange Commission due to the length of time needed to complete its financial statements and the audit of its 2003 results. The company now estimates that this filing will occur around mid-April.
Flowserve Corp. announced its acquisition of the remaining shares of Thompsons, Kelly & Lewis Pty. Ltd., a leading Australian designer, manufacturer and supplier of centrifugal pumps, railway trackwork products and steel castings, for about US$11.3 million in cash.
Flowserve Corporation, a world leader in engineered pumping solutions, and global underwater contractor Subsea 7 have entered into a collaboration agreement with the aim of exploiting the emerging subsea multiphase pumping and processing market.
Flowserve receives informal inquiry from SEC in response to recent announcement to restate financial statements.
Acquisition Includes Neptune Technology Group, DAP Technologies and DB Microware and is Expected to be accretive in the first year. Investor Meetings Scheduled for Wednesday, October 22.
Flowserve Corp. reported net income of $10.6 million, or 19 cents a share, in the third quarter of 2003, compared with $9.3 million, or 17 cents a share, in the year-ago quarter.
