Flowserve Corporation : to Present at UBS Industrial Leadership Conference
05/01/2012| 06:35pm US/Eastern
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Presenting at the conference for Flowserve is Mark Blinn,
president and chief executive officer; and Michael Taff,
senior vice president, chief financial officer. Webcast
information is available on the Flowserve.com website under
the Investor Relations section.
Investor Contact: Mike Mullin, director, Investor
Relations, (972) 443-6636
Media Contact: Steve Boone, director, Global
Communications and Public Affairs, (972) 443-6644
About Flowserve: Flowserve Corp. is one of the world's
leading providers of fluid motion and control products and
services. Operating in more than 55 countries, the company
produces engineered and industrial pumps, seals and valves as
well as a range of related flow management services. More
information about Flowserve can be obtained by visiting the
company's website at www.flowserve.com.
Safe Harbor Statement: This news release includes
forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, which are made pursuant to
the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. Words or phrases
such as, "may," "should,"
"expects," "could," "intends,"
"plans," "anticipates,"
"estimates," "believes,"
"forecasts," "predicts" or other similar
expressions are intended to identify forward-looking
statements, which include, without limitation, earnings
forecasts, statements relating to our business strategy and
statements of expectations, beliefs, future plans and
strategies and anticipated developments concerning our
industry, business, operations and financial performance and
condition.
The forward-looking statements included in this news release
are based on our current expectations, projections, estimates
and assumptions. These statements are only predictions, not
guarantees. Such forward-looking statements are subject to
numerous risks and uncertainties that are difficult to
predict. These risks and uncertainties may cause actual
results to differ materially from what is forecast in such
forward-looking statements, and include, without limitation,
the following: a portion of our bookings may not lead to
completed sales, and our ability to convert bookings into
revenues at acceptable profit margins; changes in the global
financial markets and the availability of capital and the
potential for unexpected cancellations or delays of customer
orders in our reported backlog; our dependence on our
customers' ability to make required capital investment
and maintenance expenditures; risks associated with cost
overruns on fixed-fee projects and in taking customer orders
for large complex custom engineered products; the substantial
dependence of our sales on the success of the oil and gas,
chemical, power generation and water management industries;
the adverse impact of volatile raw materials prices on our
products and operating margins; our ability to execute and
realize the expected financial benefits from our strategic
realignment initiatives; economic, political and other risks
associated with our international operations, including
military actions or trade embargoes that could affect
customer markets, particularly Middle Eastern markets and
global oil and gas producers, and non-compliance with U.S.
export/re-export control, foreign corrupt practice laws,
economic sanctions and import laws and regulations; our
exposure to fluctuations in foreign currency exchange rates,
including in hyperinflationary countries such as Venezuela;
our furnishing of products and services to nuclear power
plant facilities; potential adverse consequences resulting
from litigation to which we are a party, such as litigation
involving asbestos-containing material claims; a foreign
government investigation regarding our participation in the
United Nations Oil-for-Food Program; expectations regarding
acquisitions and the integration of acquired businesses; our
relative geographical profitability and its impact on our
utilization of deferred tax assets, including foreign tax
credits; the potential adverse impact of an impairment in the
carrying value of goodwill or other intangible assets; our
dependence upon third-party suppliers whose failure to
perform timely could adversely affect our business
operations; the highly competitive nature of the markets in
which we operate; environmental compliance costs and
liabilities; potential work stoppages and other labor
matters; our inability to protect our intellectual property
in the U.S., as well as in foreign countries; obligations
under our defined benefit pension plans; and other factors
described from time to time in our filings with the
Securities and Exchange Commission.
All forward-looking statements included in this news release
are based on information available to us on the date hereof,
and we assume no obligation to update any forward-looking
statement.
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HUG#1607754
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