SPX FLOW Reports Third Quarter 2019 Financial Results
SPX FLOW, Inc. (FLOW)
Last spx flow, inc. earnings: 2/11 06:30 am
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US:NASDAQ Investor Relations:
spxflow.com/en/investor-relations
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Source: PR Newswire
CHARLOTTE, N.C., Oct. 30, 2019 /PRNewswire/ -- SPX FLOW, Inc. (NYSE: FLOW), a leading provider of process solutions, today reported results for the quarter ended September 28, 2019."Our third quarter results underscore the progress we've made on our strategic transformation to a premier process solutions enterprise. Additionally, our operational performance in the period demonstrates the ability of our team to execute on many levels in a volatile economic environment," said Marc Michael, President and CEO. "I want to thank our teams across the enterprise for their hard work, tireless effort and positive contributions to the quarter. In Q3 we delivered $384 million of revenue with a gross margin of 35.1% and segment income margin of 14.6%. This level of margin performance along with strong cash conversion in the period demonstrates the higher quality of revenue profile we've been working toward. It also illustrates the potential to create long-term value by focusing our strategy on
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