Acquisition ImpactFlowserve announced an agreement to acquire MOGAS Industries, which will add revenues of approximately $200 million in the Flow Control Division.
Consistent DemandBookings remain strong, above $1B for 11th consecutive quarter, with the second straight quarter above $1.2B, highlighting consistent demand.
Earnings GrowthStrong operating cash flow of $178 million, marking a 121% year-over-year increase, driven by improvements in working capital and earnings growth.