secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001157523-22-001219
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowserve warns Q3 EPS to be hit by 18-22 cents due to ERP issues and higher expenses
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- ERP implementation challenges at North American facilities expected to reduce Q3 EPS by 10-12 cents.
- Unanticipated corporate expenses, including actuarial liability accruals, expected to reduce Q3 EPS by 8-10 cents.
- Total negative impact on reported and adjusted EPS estimated at 18-22 cents for Q3 2022.
- Bookings expected to exceed $1 billion for third consecutive quarter, with supportive end-markets.
- Flowserve expects to largely recover lost volumes in future periods; Q4 sequential improvement anticipated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000115752322001219/0001157523-22-001219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000115752322001219/a52893566.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001219

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