Why Is Flowserve (FLS) Up 4.3% Since Last Earnings Report?

Flowserve's total sales of $1.09 billion beat the consensus estimate of$1.04 billion. The top line increased 10.9% year over year. Sales increased 10.6% on a constant-currency basis. Aftermarket sales in the reported quarter increased 8.1% year over year (up 8.1% on a constant-currency basis) to $558.9 million. Original equipment sales totaled$528.6 million, reflecting an increase of 14.1% year over year (up 13.5% on a constant-currency basis). Total bookings amounted to $1.04 billion in the quarter, refl ...