AcquisitionsFlowserve announced an agreement to acquire MOGAS Industries, which will add revenues of approximately $200 million in the Flow Control Division.
Operational PerformanceStrong bookings of $1.2bn were a key performance indicator for investors and well above expectations.
Power Sector GrowthStrong growth in Power, specifically nuclear, contributed $100mm, which is seen as a multi-year tailwind weighing favorably towards investor sentiment.