Live Breaking News & Updates on Philadelphia Mixing
Stay updated with breaking news from Philadelphia mixing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Spx Flow Inc (FLOW) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator Good day and thank you for standing by. Welcome to the SPX FLOW Q1 2021 Earnings Conference Call. [Operator Instructions] I would like to hand the conference over to your speaker for today, Mr. Scott Gaffner. Please go ahead. Scott Gaffner Vice President, Investor Relations and Strategic Insights Thank you, Francis. Good morning, and thanks to everyone for joining us for a discussion of our first quarter 2021 financial results. This morning, we issued a news release detailing our financial performance for the three months ending April 3, 2021. The news release, along with the presentation to be used during today s webcast can be accessed on our website at spxflow.com, and a replay will also be available on our website later today. Joining me today are Marc Michael, President and CEO, and Jaime Easley, Vice President and Chief Financial Officer. Following their prepared remarks, we ll open the call for questions. ....
SPX FLOW Reports First Quarter 2021 Financial Results Strong Results Demonstrate the Benefits of Higher Quality Revenue and Balanced Capital Allocation First Quarter 2021 Highlights: - Significant year-over-year organic growth in revenue and orders driven by short-cycle momentum - Reported operating margin of 7.1%; Adjusted operating margin of 11.3% up 550 points year-over-year leveraging volume recovery and mix benefits of 80/20 implementation - Balanced capital allocation framework progressing following initiation of quarterly dividend in March and announced acquisition of Philadelphia Mixing Solutions in April - Raising expectation for full-year organic revenue growth to the high end of the prior range News provided by Share this article ....