Flowserve Q4 reported EPS $0.13, adjusted EPS $0.45; issues 2022 guidance above 2021 levels

FLOWSERVE CORP

2021-FY EPS reported $0.96

Q4 bookings up 17.5% YoY to $969M; full year bookings $3.77B (+10.6%).
Full year 2021 adjusted EPS $1.38; 2022 adjusted EPS guidance $1.70-$1.90.
2022 revenue growth guidance 7-9%; backlog $2.0B (+8%) supports outlook.
New 'Diversify, Decarbonize and Digitize' strategy targeting less cyclical markets.
Free cash flow conversion 108% of adjusted earnings for second straight year.

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