Flowserve Bookings Rise 25%

Flowserve ( FLS), a manufacturer of industrial flow management equipment, said its second-quarter bookings rose 25% to about $900 million.

The company also said it repaid $25 million of debt in the quarter, including a $20 million repayment on its revolving credit facility, reducing the revolver balance to zero at the end of the quarter.

"Our pump business has been extremely robust and achieved the highest quarterly bookings increase among our business segments," the company said.

Shares fell 15 cents to $55.30.

This story was created through a joint venture between TheStreet.com and IRIS.

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