earnings
confidence high
sentiment negative
materiality 0.80
Flowserve Reports Q3 2021 EPS of $0.38, Revises Full-Year Guidance Down
FLOWSERVE CORP
2021-Q3 EPS reported
$0.83
revenue$2,621,604,000
- Reported EPS $0.38 and adjusted EPS $0.29; supply chain and logistics deferred ~$60M revenue and $20M gross profit.
- Total bookings up 13.1% YoY to $911.6M; backlog up 6.2% from Dec 2020 to $1.97B.
- Revised 2021 revenue guidance to down 3.5%-4.5% and adjusted EPS to $1.40-$1.45 from $1.45-$1.65.
- Year-to-date operating cash flow $151M, up over 32% vs prior year.
- Captured energy transition awards including bio-diesel, solar power, and desalination projects.