earnings
confidence high
sentiment positive
materiality 0.70
Flowserve Q2 Adj. EPS $0.37 beats, raises FY revenue & EPS guidance
FLOWSERVE CORP
2021-Q2 EPS reported
$0.45
revenue$1,755,486,000
- Reported EPS $0.35, Adjusted EPS $0.37; after-tax adjusted items of $2.6M.
- Total bookings $953M, up 17.9% YoY; aftermarket bookings up 18.6%.
- Sales $898M, down 2.9% YoY; backlog $1.95B, up 5.1% vs. Dec. 2020.
- Raised FY2021 guidance: revenue down 2-4% (from 3-5%), Adj. EPS $1.45-$1.65 (from $1.40-$1.60).
- Flowserve 2.0 transformation costs (~$0.05/sh.) now included in reported & adjusted EPS.