SPX Flow (FLOW) Reports Q1 Loss of $0.01; Reaffirms Outlook

SPX Flow (NYSE: FLOW) reported Q1 EPS of ($0.01). Revenue for the quarter came in at $433.2 million, versus $505 million reported last year.

The company reaffirmed its 2017 full year guidance.

"Our first quarter results reflect positive momentum on our initiatives to drive order growth, an improved cost structure and cash generation. Orders were up 2% over the prior year and up 18% sequentially, highlighted by key order wins in the North American oil pipeline market and several small-to-mid-size system orders for food and beverage applications. Our backlog increased 16% to $913 million, up $129 million from the end of 2016," said Marc Michael, President and Chief Executive Officer.

For earnings history and earnings-related data on SPX Flow (FLOW) click here.

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