Flowserve Corporation FLS, today announced a new operational leadership structure, resulting in
senior leadership changes, and certain 2011 financial data. Highlights
include:
* Forms unified operational leadership structure under newly created chief
operating officer position
* Thomas L. Pajonas promoted to chief operating officer
* Thomas E. Ferguson to retire from company at end of 2012
* Reaffirms 2011 full year EPS target range of $7.45 to $7.85
* Full year 2011 bookings of $4.65 billion, up 10.0% compared to 2010
* Fourth quarter 2011 bookings of $1.13 billion, up 9.2% compared to fourth
quarter 2010
* 2011 year-end cash balance of approximately $325 million
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