Flowserve prelim Q4 rev ~$1.0B (+13% YoY), Adj EPS $0.59-0.63; 2023 guide rev +9-11%, Adj EPS $1.50-1.75

FLOWSERVE CORP

2021-FY EPS reported $1.44

Q4 2022 bookings $1.1B (+14% YoY); full-year bookings $4.4B; backlog $2.7B (+30% YoY).
Q4 adjusted operating income $100-110M; operating margin above 10%.
Reported EPS $0.88-0.92 includes discrete tax benefit; Adjusted EPS $0.59-0.63 on 131.6M shares.
2023 guidance: revenue growth 9-11%, Reported EPS $1.40-1.65, Adj EPS $1.50-1.75.
Year-end cash $435M, no revolver borrowings; capex guided $75-85M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FLOWSERVE CORP reported 2023 results: EPS $1.50 to $1.75. Guidance initiated.

Period: 2023
EPS: $1.50 to $1.75
Guidance: initiated
Result: guidance update

Exact text from the filing

Initiates 2023 guidance metrics, excluding contribution from Velan acquisition which was announced separately today Expects 2023 revenue growth of 9% to 11% and Reported and Adjusted EPS [1] of $1.40 to $1.65 and $1.50 to $1.75, respectively

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FLOWSERVE CORP reported the fourth quarter ended December 31, 2022 results: revenue approximately $1.0 billion, EPS 59 to 63 cents.

Period: the fourth quarter ended December 31, 2022
Revenue: approximately $1.0 billion
EPS: 59 to 63 cents
Result: preliminary results

Exact text from the filing

Flowserve expects fourth quarter 2022 bookings of $1.1 billion, revenues of approximately $1.0 billion and Adjusted EPS [1] of 59 to 63 cents

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

FLOWSERVE CORP filing history →

Source: SEC EDGAR

accession 0001157523-23-000246

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