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Flowserve (FLS) Receives $18.4 Million in Orders From Brazil's Petrobras (PZE)

June 16, 2009 7:40 AM EDT
FLS Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

EPS Growth %: -7.9%
Flowserve Corporation (NYSE: FLS) announced its Brazilian subsidiary has received several related orders worth a total $18.4 million (USD) from Brazil's Petrobras (NYSE: PZE), the seventh largest oil company in the world.

These orders combined represent the largest single job Flowserve has received in Brazil, and were booked in previous quarters.

Flowserve received orders for vertical wet pit and vertical canned pumps, which will be used to load petroleum onto bulk stations and terminals at two ports in the Brazilian cities of Rio de Janeiro and Vitoria. [SM]

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