earnings
confidence high
sentiment neutral
materiality 0.75
Flowserve Q3 reported EPS $0.29, adjusted EPS $0.09; Q4 guidance at least $0.40; bookings hit $1.22B
FLOWSERVE CORP
2022-Q3 EPS reported
$0.51
revenue$2,576,161,000
- Reported EPS $0.29 includes $30.5M below-the-line FX gain and other non-recurring items; adjusted EPS $0.09.
- Bookings of $1.22B, up 34.2% YoY (40.8% constant currency); backlog $2.6B, highest since Q2 2015.
- Q4 2022 guidance: reported and adjusted EPS at least $0.40 on ~8-10% revenue growth.
- Announced acquisition of Chart Industries' hydrogen pump R&D to support 3D strategy (no deal value disclosed).
- Sales $872.9M, up 0.8% YoY; OE sales down 3.1%, aftermarket up 4.5%.