secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001157523-21-001011
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowserve Q2 Adj. EPS $0.37 beats, raises FY revenue & EPS guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000115752321001011/0001157523-21-001011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000115752321001011/a52472493.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer