Flowserve Q4 2022: Adj EPS $0.63, bookings up 14.2% to $1.11B; reaffirms 2023 guidance

FLOWSERVE CORP

2021-FY EPS reported $1.44

Q4 reported EPS $0.92, adjusted EPS $0.63; full-year reported EPS $1.44, adjusted EPS $1.10.
Q4 bookings $1.11B (+14.2% YoY); full-year bookings $4.45B (+17.8% YoY).
Backlog at Dec 31, 2022: $2.74B, up 36.5% YoY, near-record level.
2023 guidance: revenue growth 9-11%, adjusted EPS $1.50-$1.75; excludes Velan acquisition.
Velan acquisition expected to close by end of Q2 2023, enhancing FCD valve portfolio.

item 2.02 item 7.01 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 fourth quarter and full year ended December 31, 2022 results: EPS Reported and Adjusted Fourth Quarter Earnings Per Share (EPS) of 92 cents and 63 cents, respectively. Guidance reaffirmed.

Period: fourth quarter and full year ended December 31, 2022
EPS: Reported and Adjusted Fourth Quarter Earnings Per Share (EPS) of 92 cents and 63 cents, respectively
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 21, 2023, Flowserve Corporation, a New York corporation (the “Company”), issued a press release announcing financial results for the fourth quarter and full year ended December 31, 2022.

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FLOWSERVE CORP filing history →

Source: SEC EDGAR

accession 0001157523-23-000318

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