Flowserve Corp. has issued its initial guidance for full year 2014 and given an early anticipation of its 2013 performance, citing quality backlog and solid booking trends among its reasons for cautious optimism.
A leading provider of flow control products and services, Flowserve expects a combination of aftermarket growth, larger project activity, and prospects in bolt-on acquisitions to deliver ‘meaningful opportunities’ for the company and its shareholders’ in 2014.
In previewing its fourth quarter and full year 2013 results, Flowserve anticipates Q4 2013 revenues of almost $1.4bn, including an increased original equipment sales mix. Bookings for Q4 2013 were approximately $1.25bn, the fourth consecutive quarter of sequential quarterly growth and an increase of over 15% compared to Q4 2012.
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