Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following presents a summary of the unaudited quarterly data for 2014 and 2013 (amounts in millions, except per share data):



	2014
Quarter	4th		3rd		2nd		1st
Sales	$	1,381.4	$	1,204.0	$	1,224.4	$	1,068.1
Gross profit	485.7		421.5		430.3		377.1
Earnings before income taxes	227.3		183.3		176.0		146.6
Net earnings attributable to Flowserve Corporation	159.0		128.6		123.5		107.7
Earnings per share (1):
Basic	$	1.17	$	0.94	$	0.90	$	0.78
Diluted	1.16		0.93		0.90		0.78



	2013
Quarter	4th		3rd		2nd		1st
Sales	$	1,389.4	$	1,229.1	$	1,239.5	$	1,096.6
Gross profit	470.5		422.7		421.6		373.3
Earnings before income taxes	191.7		182.4		171.3		147.6
Net earnings attributable to Flowserve Corporation	141.1		126.3		120.4		97.8
Earnings per share (1):
Basic	$	1.01	$	0.90	$	0.85	$	0.68
Diluted	1.01		0.90		0.84		0.67

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(1)	Earnings per share is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in weighted average quarterly shares outstanding.

The significant pre-tax fourth quarter adjustment for 2013 was to record $10.7 million in charges related to our realignment program. See Note 20 for additional information on our realignment program.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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