2012’s aftermarket bookings were approximately 41% of total bookings, and increased 4.0% from 2011. Total backlog at 31 December 2012 was approximately US$2.6 billion, versus US$2.7 billion at the end of 2011.
Flowserve says it is encouraged by the profile of projects added to the backlog during the year.
“While we did not see the release of significant large capital projects that were in the FEED stage during 2012, we successfully increased our bookings and remained selective about the projects we pursued. And, we believe these larger capital projects remain an opportunity for Flowserve in the latter half of 2013,” said Mark Blinn, Flowserve president and CEO.
Flowserve will announce fourth quarter and full year 2012 financial results on 21 February 2013.