SPX Flow (FLOW) Reports Q3 EPS of $0.34; Updates Outlook
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SPX FLOW Reports Third Quarter 2016 Results
November 2, 2016 6:30 AM EDTCHARLOTTE, N.C., Nov. 2, 2016 /PRNewswire/ --Â SPX FLOW, Inc. (NYSE: FLOW) today reported results for the quarter ended October 1, 2016.
Third Quarter 2016 Overview:
Revenues declined 20.8% to $466.8 million, from $589.5 million in the year-ago quarter.  Organic revenues* decreased 19.6%, or $115.4 million, primarily due to the continued impact of lower oil and dairy prices on customers' spending and investment decisions. The impact of the stronger U.S. Dollar versus foreign currencies decreased revenues by 1.2%, or $7.3 million. Operating Income and margin were $21.8 million and 4.7%, compared to operating income and margin of $6.6... More