Flowserve (FLS) Guifes FY12 EPS to $8.00-$8.80; Replenishes $300M Buyback; Issues Other Guidance

Flowserve Corporation (NYSE: FLS), issued 2012 earnings guidance and announced other important corporate matters. Highlights include the following:

• Expects 2012 EPS of $8.00 to $8.80, versus $8.78 from Bloomberg.
  
  
• Establishes Policy to Return 40% to 50% of Two Year Average Net Earnings to Shareholders Annually
  
  
• Completes Over One-Third of Previously Announced $300 Million Share Repurchase Program
  
  
• Replenishes Capacity of Share Repurchase Program Back to Full $300 Million
  
  
• Proposes Elimination of Classified Board Structure
  
  
• Announces 2012 Analyst Day Schedule

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