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Canada
Flowserve reported a 7.2% year over year decline in revenues Q3 as the pump system maker experienced reduced demand from the oil and mining sectors due in part due to the pandemic. That decline was nonetheless better than the 10.8% slide expected by analysts. CEO Scott Rowe has stated the firm... Read more →
Flowserve has used a price-led strategy for dealing with tariff-related cost increases. Following two price rises in 2019, the flow device maker’s CEO, Robert Rowe, has stated the firm “will do another annual price increase at the end of this year. And what I’d say is it’s a combination of tar... Read more →
Industrial equipment maker Flowserve issued 2019 earnings guidance that was below analysts’ expectations. So far the firm has been able to pass through duties on imports from China – which represented 23.8% of U.S. seaborne imports in 2018 – in the form of higher prices. Yet, CEO Robert Rowe h... Read more →
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