secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001157523-22-000241
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000115752322000241/0001157523-22-000241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000115752322000241/a52584253.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000241

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