SPX Flow (FLOW) Reports Q1 EPS of $0.02
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SPX FLOW Reports First Quarter 2016 Results
May 4, 2016 6:30 AM EDTCHARLOTTE, N.C., May 4, 2016 /PRNewswire/ --Â SPX FLOW, Inc. (NYSE: FLOW) today reported results for the quarter ended April 2, 2016.
First Quarter 2016 Overview:
Revenues declined 11.6% to $505.0 million, from $571.2 million in the year-ago quarter. The impact of the stronger U.S. Dollar versus foreign currencies decreased revenues by 2.4%, or $13.5 million, and organic revenues* decreased 9.2%, primarily due to impacts from lower oil and dairy prices. Operating loss and margin were ($21.9) million and (4.3%), compared to operating income and margin of $35.6 million and 6.2% in the year-ago quarter, due primarily to... More