Flowserve Six Sigma Margin Improvement Hundred Basis Points

Flowserve is served by its lean and Six Sigma strategy as margins improve. ...

... "Sales in the valve division of 1.2 billion in 2009 were down $179 million or 12.9% versus 2008, and down 8.9% on a constant currency basis. Gross margin was 37% versus 36%, an increase of 100 basis points as our pricing, low-cost sourcing, lean manufacture, six sigma, and material strategies continued to perform for us. SG&A decreased to 20.4% versus 20.8% from prior year, while operating margin including realignment adjustments increased 120 basis points from 2008 to 17%. " ...

Flowserve Corp. Q4 2009 Earnings Call Transcript via Seeking Alpha: http://bit.ly/aeeceL