Flowserve Corp. (NYSE: FLS), Dallas, TX, reported sales for the first quarter of $947.2 million, down 6.6 percent year-over-year. Profit increased 36.8 percent to $37.9 million.
“We are encouraged to see aftermarket spending stabilizing at current levels, despite ongoing industry headwinds and macro uncertainty, particularly as it relates to capital investment," said Mark Blinn, president CEO.
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