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	<title>Stock Blog Hub &#187; FLS</title>
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		<title>(SSL) Natural Gas-to-Liquids Coming to U.S.</title>
		<link>http://www.stockbloghub.com/2011/09/21/ssl-natural-gas-to-liquids-coming-to-u-s/83665</link>
		<comments>http://www.stockbloghub.com/2011/09/21/ssl-natural-gas-to-liquids-coming-to-u-s/83665#comments</comments>
		<pubDate>Wed, 21 Sep 2011 15:02:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Refining & Marketing]]></category>
		<category><![CDATA[Cabot Oil & Gas Corporation]]></category>
		<category><![CDATA[CBI]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
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		<category><![CDATA[Encana Corporation]]></category>
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		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>
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		<category><![CDATA[Royal Dutch Shell Plc]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83665</guid>
		<description><![CDATA[Attentive investors may have noted an announcement last week by the large South Africa-based energy and chemicals company Sasol (SSL). The firm said it was commencing an eighteen-month feasibility study to determine the commercial viability of one of two options: either a two million tons per annum or four million tons per annum Gas-to-Liquids, or ‘GTL,’ production facility in southwestern Louisiana. This would be the first GTL facility in the United States, indeed in the Western hemisphere. The liquids produced are expected to be generally kerosene and allied products, for diesel or jet fuel. This could be the start of a major movement to, effectively, substitute abundant, cheap natural gas produced within North America, for expensive, imported crude oil. The economic, balance of payments, financial and investment implications are enormous. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/21/ssl-natural-gas-to-liquids-coming-to-u-s/83665/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve on Acquisition Spree</title>
		<link>http://www.stockbloghub.com/2011/04/13/fls-flowserve-on-acquisition-spree/71482</link>
		<comments>http://www.stockbloghub.com/2011/04/13/fls-flowserve-on-acquisition-spree/71482#comments</comments>
		<pubDate>Thu, 14 Apr 2011 02:28:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>
		<category><![CDATA[ITT]]></category>
		<category><![CDATA[ITT Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71482</guid>
		<description><![CDATA[Flowserve Corporation (FLS) announced that it has purchased the assets of FEDD Wireless LLC, a privately owned wireless data acquisition company based in Texas. FEDD has developed technologies in wireless data acquisition, transmission and integration for industrial use. Flowserve will assume ongoing operational responsibilities of the target, including existing equipment, intellectual property and personnel. The acquisition provides Flowserve a proven wireless data acquisition technology for use in the global industrial markets. Over the last several years, emerging markets around the globe have been investing in infrastructure projects. These new projects include power generation plants, water treatment systems and mining. This build-out requires process controls in oil and gas, chemical, and water markets &#8212; all of which are Flowserve’s core businesses. Moreover, Flowserve is benefiting from older infrastructure that needs to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/13/fls-flowserve-on-acquisition-spree/71482/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Fourth Quarter 2010 Report Beats Estimates</title>
		<link>http://www.stockbloghub.com/2011/03/03/fls-flowserve-fourth-quarter-2010-report-beats-estimates/67518</link>
		<comments>http://www.stockbloghub.com/2011/03/03/fls-flowserve-fourth-quarter-2010-report-beats-estimates/67518#comments</comments>
		<pubDate>Thu, 03 Mar 2011 15:37:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Enterprise Products Partners Lp]]></category>
		<category><![CDATA[EPD]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>
		<category><![CDATA[IPD]]></category>
		<category><![CDATA[ITT]]></category>
		<category><![CDATA[ITT Corporation]]></category>
		<category><![CDATA[SPDR S&P International Cons Disc Sector]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67518</guid>
		<description><![CDATA[Flowserve Corporation (FLS) reported fourth-quarter 2010 earnings per share from continuing operations of $2.09, surpassing the Zacks Consensus Estimate of $1.98. For 2010, earnings per share from continuing operations was $7.03, outpacing the Zacks consensus Estimate of $6.91. During 2010, the company benefited from its realignment initiatives, which helped it to reduce its costs. Flowserve also expanded its global presence as it increased its business activities in the blooming Asian, Middle Eastern and Latin American markets. Total Revenue Total revenue in the quarter declined by 4.9% year over year to $1.14 billion. Excluding negative currency impact of $33 million, sales decreased by 2.1%. On a constant currency basis, total bookings in the quarter increased by 9.8% to $1.03 billion. For 2010, total revenue was $4.23 billion, a decrease of 7.6% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/03/fls-flowserve-fourth-quarter-2010-report-beats-estimates/67518/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Third Quarter 2010 Reports Ahead of Consensus</title>
		<link>http://www.stockbloghub.com/2010/11/03/fls-flowserve-third-quarter-2010-reports-ahead-of-consensus/56906</link>
		<comments>http://www.stockbloghub.com/2010/11/03/fls-flowserve-third-quarter-2010-reports-ahead-of-consensus/56906#comments</comments>
		<pubDate>Wed, 03 Nov 2010 15:38:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Enterprise Products Partners Lp]]></category>
		<category><![CDATA[EPD]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=56906</guid>
		<description><![CDATA[Flowserve Corp. (FLS) reported third quarter 2010 earnings per share of $1.84 from continuing operations, exceeding the Zacks Consensus Estimate of $1.81.  Excluding realignment charges of 3 cents, earnings per share were down primarily due to an erosion of gross margin by 230 basis points. There was a reduction of $20 million in SG&#38;A expenses compared with the prior-year quarter. Sales for the quarter were $972 million, down 7.6%, or 4.5% excluding negative currency effects of $32 million. Sales were impacted by customers delaying the receipt of finished products, long lead times as well as isolated production constraints in the company’s industrial business. Order bookings increased to $1.00 billion, up 2.6%, or 4.8% excluding currency benefits. Gross profit decreased to $333 million, down $52 million from the prior-year level. Operating ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/11/03/fls-flowserve-third-quarter-2010-reports-ahead-of-consensus/56906/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ITT) ITT Corporation Wins U.S. Army Night VisionContract</title>
		<link>http://www.stockbloghub.com/2010/10/05/itt-itt-corporation-wins-u-s-army-night-visioncontract/50633</link>
		<comments>http://www.stockbloghub.com/2010/10/05/itt-itt-corporation-wins-u-s-army-night-visioncontract/50633#comments</comments>
		<pubDate>Wed, 06 Oct 2010 03:43:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Emerson Electric Company]]></category>
		<category><![CDATA[EMR]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[HON]]></category>
		<category><![CDATA[Honeywell International Inc.]]></category>
		<category><![CDATA[ITT]]></category>
		<category><![CDATA[ITT Corporation]]></category>
		<category><![CDATA[V]]></category>
		<category><![CDATA[Visa Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=50633</guid>
		<description><![CDATA[ITT Corporation (ITT) has received a contract to supply its AN/AVS-6(V) 3 aviator night vision goggle and spare image intensifier tubes to the US Army. The contract has been awarded by the U.S. Army Research, Development &#38; Engineering Command. The order, valued at $19.9 million, also includes ITT’s night vision technology, the MX-10160C. This is the company’s Generation 3 Pinnacle image intensifier, providing the soldiers with clear and sharp night vision. The MX-10160C is in production and the company has increased its capacity to meet the demand. The MX-10160C image tubes help the night vision devices to detect the present light with 10 times more power than the previous image tubes. These image intensifying tubes are specially designed for aviation goggles and special tasks of the ground soldiers. The company ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/05/itt-itt-corporation-wins-u-s-army-night-visioncontract/50633/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ITT) ITT Wins US Army Night Vision Goggle Contract</title>
		<link>http://www.stockbloghub.com/2010/09/08/itt-itt-wins-us-army-night-vision-goggle-contract/50723</link>
		<comments>http://www.stockbloghub.com/2010/09/08/itt-itt-wins-us-army-night-vision-goggle-contract/50723#comments</comments>
		<pubDate>Wed, 08 Sep 2010 18:19:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Emerson Electric Company]]></category>
		<category><![CDATA[EMR]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[HON]]></category>
		<category><![CDATA[Honeywell International Inc.]]></category>
		<category><![CDATA[ITT]]></category>
		<category><![CDATA[ITT Corporation]]></category>
		<category><![CDATA[V]]></category>
		<category><![CDATA[Visa Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=50723</guid>
		<description><![CDATA[ITT Corporation (ITT) has received a contract to supply its AN/AVS-6(V) 3 aviator night vision goggle and spare image intensifier tubes to the US Army. The contract has been awarded by the U.S. Army Research, Development &#38; Engineering Command. The order, valued at $19.9 million, also includes ITT’s night vision technology, the MX-10160C. This is the company’s Generation 3 Pinnacle image intensifier, providing the soldiers with clear and sharp night vision. The MX-10160C is in production and the company has increased its capacity to meet the demand. The MX-10160C image tubes help the night vision devices to detect the present light with 10 times more power than the previous image tubes. These image intensifying tubes are specially designed for aviation goggles and special tasks of the ground soldiers. The company ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/08/itt-itt-wins-us-army-night-vision-goggle-contract/50723/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Second Quarter 2010 Earnings Ahead of Consensus</title>
		<link>http://www.stockbloghub.com/2010/08/02/fls-flowserve-second-quarter-2010-earnings-ahead-of-consensus/45190</link>
		<comments>http://www.stockbloghub.com/2010/08/02/fls-flowserve-second-quarter-2010-earnings-ahead-of-consensus/45190#comments</comments>
		<pubDate>Mon, 02 Aug 2010 15:02:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=45190</guid>
		<description><![CDATA[Flowserve Corp. (FLS) reported second quarter 2010 earnings per share from continuing operations of $1.72, exceeding the Zacks Consensus Estimate of $1.65.  Earnings per share, excluding realignment charges of 10 cents, were higher primarily due to an improvement in gross margin by 30 basis points and a reduction of $30 million in SG&#38;A expenses compared with the prior-year quarter. Order bookings increased to $1.13 billion, up 9.5% or 10.6%, excluding currency benefits. The book-to-bill ratio of 1.18 resulted in increased backlog for the second consecutive quarter and was supported by large projects. Aftermarket order bookings were $449 million, up 10% year over year and represented 40% of total orders won in the quarter. Sales declined to $961 million, down 11.9% or 10.6%, excluding currency effects. This was below the Zacks ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/02/fls-flowserve-second-quarter-2010-earnings-ahead-of-consensus/45190/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Corporation Wins $15 Million Order</title>
		<link>http://www.stockbloghub.com/2010/03/18/fls-flowserve-corporation-wins-15-million-order/30882</link>
		<comments>http://www.stockbloghub.com/2010/03/18/fls-flowserve-corporation-wins-15-million-order/30882#comments</comments>
		<pubDate>Thu, 18 Mar 2010 18:39:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>
		<category><![CDATA[ITT]]></category>
		<category><![CDATA[ITT Corporation]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30882</guid>
		<description><![CDATA[Flowserve Corp. (FLS) received an order worth more than $15 million from State Nuclear Power Engineering Company Ltd. (SNPEC) in China for ASME Section III safety-related globe and gate valves and Flowserve Limitorque actuators. Flowserve said it will book the order in the first quarter of 2010. The Flowserve valves and actuators will be utilized at the Westinghouse design AP1000(TM) Sanmen and Haiyang Unit 2 nuclear power plants located in Zhejiang and Shandong regions. The plants, representing the first Westinghouse AP1000 nuclear power plants to be constructed in China, are expected to be operational in Jun 2014 and Jan 2015, respectively. Valves, which are a part of the order, will be sourced from Flowserve&#8217;s Raleigh, N.C., facility. Limitorque actuators will be manufactured in Lynchburg, VA. The company recently won a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/18/fls-flowserve-corporation-wins-15-million-order/30882/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Corporation&#8217;s Earnings Report Ahead of Estimates</title>
		<link>http://www.stockbloghub.com/2010/02/28/fls-flowserve-corporations-earnings-report-ahead-of-estimates/29154</link>
		<comments>http://www.stockbloghub.com/2010/02/28/fls-flowserve-corporations-earnings-report-ahead-of-estimates/29154#comments</comments>
		<pubDate>Mon, 01 Mar 2010 04:04:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29154</guid>
		<description><![CDATA[Flowserve Corp. (FLS) reported fourth-quarter earnings per share from continuing operations of $2.41, exceeding the Zacks Consensus Estimate of $1.87. Earnings per share, excluding realignment charges, was higher primarily due to an improvement in gross margin of 70 basis points and a reduction of 210 basis points for SG&#38;A expenses as a percentage of sales. Order bookings decreased to $939 million, down $85 million, a decrease of 8%, or 13% excluding currency benefits. The decrease was primarily attributable to the chemical, oil and gas and general industries markets. It reflected customers&#8217; responses to some lingering disruptions in the credit and capital markets, challenging global economic conditions generally and the re-evaluation of customer budget assumptions for particular projects, thereby delaying certain expected orders. Sales improved to $1.20 billion, up $30 million, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/28/fls-flowserve-corporations-earnings-report-ahead-of-estimates/29154/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Corporation Beats Analyst&#8217;s Consensus</title>
		<link>http://www.stockbloghub.com/2009/11/11/fls-flowserve-corporation-beats-analysts-consensus/20244</link>
		<comments>http://www.stockbloghub.com/2009/11/11/fls-flowserve-corporation-beats-analysts-consensus/20244#comments</comments>
		<pubDate>Wed, 11 Nov 2009 21:38:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Flowserve Corporation]]></category>
		<category><![CDATA[FLS]]></category>
		<category><![CDATA[ITT]]></category>
		<category><![CDATA[ITT Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20244</guid>
		<description><![CDATA[Flowserve Corporation (FLS) announced third quarter 2009 fully diluted EPS of $2.07, up 3 cents or 1% Incorporatedluding realignment charges of 5 cents per share. This was higher than the Zacks Consensus Estimate of $2.00 per share. Bookings for the quarter were $975 million, down 29%, or 26% excluding negative currency effects of $37 million. Sales for the quarter were $1.05 billion, down 9%, or 5% excluding negative currency effects of $47 million. Gross margin increased 150 basis points to 36.6% Incorporatedluding realignment charges of 20 basis points. Flowserve also posted a quarterly operating margin of 15.3% Incorporatedluding charges totaling 110 basis points. Backlog, which represents unexecuted orders, was $2.66 billion Incorporatedluding positive currency effects of $90 million, when compared to $2.83 billion of backlog at Dec 31, 2008. In ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/11/fls-flowserve-corporation-beats-analysts-consensus/20244/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Ups Estimates on New Orders</title>
		<link>http://www.stockbloghub.com/2009/08/26/fls-flowserve-ups-estimates-on-new-orders/13426</link>
		<comments>http://www.stockbloghub.com/2009/08/26/fls-flowserve-ups-estimates-on-new-orders/13426#comments</comments>
		<pubDate>Wed, 26 Aug 2009 16:02:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Flowserve Corp.]]></category>
		<category><![CDATA[FLS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13426</guid>
		<description><![CDATA[Since the beginning of July 2009, Flowserve Corporation (FLS) announced orders worth approximately $88 million. This includes the Westinghouse Electric Co. order, worth more than $45 million, awarded in the third quarter. Flowserve will provide critical safety-related valves, electric motor actuators, and non-safety-related control, ball and plug valves for the Westinghouse AP1000TM nuclear power plants. The rest of the orders were booked in the previous quarters of 2009. The company received several orders from the solar power industry, which are worth more than $31.5 million. This is an important opportunity for Flowserve as the company considers providing pumping solutions to the alternative energy industry a key element in its global strategic growth plan. This order strengthens the company’s position in the growing renewable energy industry. Others include an $8 million ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/26/fls-flowserve-ups-estimates-on-new-orders/13426/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) Flowserve Corporation &#8211; 2009 Guidance Raised</title>
		<link>http://www.stockbloghub.com/2009/08/05/fls-flowserve-corporation-2009-guidance-raised/11976</link>
		<comments>http://www.stockbloghub.com/2009/08/05/fls-flowserve-corporation-2009-guidance-raised/11976#comments</comments>
		<pubDate>Wed, 05 Aug 2009 14:10:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Flowserve Corp.]]></category>
		<category><![CDATA[FLS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=11976</guid>
		<description><![CDATA[Flowserve Corporation (FLS) recently raised its full year guidance after sales rose 6% from the first quarter. The company has surprised on estimates 4 quarters in a row by an average of 7.84%. FLS has a forward P/E of 11.4. Company Description Flowserve manufactures fluid motion and control products and services including industrial pumps, seals and valves as well as other products related to flow management services. The company operates in more than 55 countries. Flowserve Surprised By 6.08% in the Second Quarter On July 29, Flowserve reported second quarter earnings which beat the Zacks Consensus Estimate by 11 cents. Earnings per share were $1.92, or 9% lower than a year ago. Bookings increased quarter over quarter by 7% to $1.04 billion but that was 21% lower than the second ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/05/fls-flowserve-corporation-2009-guidance-raised/11976/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FLS) &#8211; Flowserve Corp &#8211; guidance ranges between $7.20 to $7.50, versus the previous range of $5.90 to $6.20</title>
		<link>http://www.stockbloghub.com/2008/08/15/fls-flowserve-corp-guidance-ranges-between-720-to-750-versus-the-previous-range-of-590-to-620/330</link>
		<comments>http://www.stockbloghub.com/2008/08/15/fls-flowserve-corp-guidance-ranges-between-720-to-750-versus-the-previous-range-of-590-to-620/330#comments</comments>
		<pubDate>Fri, 15 Aug 2008 18:20:03 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[FLS]]></category>

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		<description><![CDATA[Flowserve Corp. (FLS) recently posted record results for the second quarter and hiked its guidance by a significant margin. The company’s full-year 2008 guidance ranges between $7.20 to $7.50, versus the previous range of $5.90 to $6.20. Wall Street is forecasting $6.47, up from last month’s $6.31.Company Description Flowserve supplies pumps, valves, seals automation and services to the power, oil, gas, chemical and other industries. With more than 14,000 employees, the company operates in more than 56 countries. Record Results Signal Growth In late July, the company reported record results for the second quarter. Operating income of $171.6 million jumped 77% year-over-year. Second-quarter sales were a record $1.16 billion, up 24% from $931 million. Flowserve also announced record second-quarter bookings of $1.31 billion, up 24% from last year. The bookings ]]></description>
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