SPX Flow (FLOW) Reports Q2 EPS of $0.46
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SPX FLOW Reports Second Quarter 2016 Results
August 3, 2016 6:35 AM EDTCHARLOTTE, N.C., Aug. 3, 2016 /PRNewswire/ --Â SPX FLOW, Inc. (NYSE: FLOW) today reported results for the quarter ended July 2, 2016.
Second Quarter 2016 Overview:
Revenues declined 14.0% to $528.8 million, from $615.1 million in the year-ago quarter. The impact of the stronger U.S. dollar versus foreign currencies decreased revenues by 2.1%, or $12.8 million, and organic revenues* decreased 11.9%, primarily due to the impact of lower oil and dairy prices on customers' spending and investment decisions. Operating loss and margin were ($394.1) million and (74.5%), compared to operating income and margin of $62.8 million and... MoreSPX FLOW, Inc. Announces Proposed Offering of $600 Million of Senior Notes
August 3, 2016 6:30 AM EDTCHARLOTTE, N.C., Aug. 3, 2016 /PRNewswire/ --Â SPX FLOW, Inc. (NYSE: FLOW) (the "Company") announced that it intends to offer $600 million in aggregate principal amount of senior unsecured notes, subject to market conditions, to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in compliance with Regulation S under the Securities Act.Â
The notes will be fully and unconditionally guaranteed by the Company's domestic subsidiaries, subject to certain exceptions, on a senior unsecured basis. The issuer... More
SPX FLOW, Inc. Commences Cash Tender Offer for Any and All of its 6.875% Senior Notes Due 2017
August 3, 2016 6:29 AM EDTCHARLOTTE, N.C., Aug. 3, 2016 /PRNewswire/ -- SPX FLOW, Inc. ("SPX FLOW" or the "Company") (NYSE: FLOW) today announced that it has commenced a tender offer to purchase for cash (the "Tender Offer") any and all of its outstanding 6.875% Senior Notes due 2017 (the "Notes"). The Tender Offer is being made pursuant to an Offer to Purchase and the related Letter of Transmittal and Notice of Guaranteed Delivery, each dated August 3, 2016.
The Tender Offer will expire at 5:00 p.m., New York City time, on August 9, 2016, unless extended or... More
