Flowserve Q1 adjusted EPS $0.40, revenue up 19.4%; raises FY2023 guidance

FLOWSERVE CORP

2023-Q1 EPS reported $0.20 revenue$980,305,000

Reported EPS $0.20, adjusted EPS $0.40; revenue $980.3M (+19.4% YoY).
Bookings $1.06B (fifth consecutive quarter above $1B); backlog $2.8B, up 2.6% sequentially.
Adjusted operating margin 8.3%, with adjusted gross margin above 30%.
Raises FY2023 revenue growth guidance to 10-12% (from 9-11%) and adjusted EPS to $1.65-$1.85 (from $1.50-$1.75).
Velan acquisition expected to close early Q3 2023.

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 first quarter ended March 31, 2023 results: revenue $980.3 million, EPS $0.20. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $980.3 million
EPS: $0.20
Guidance: raised
Result: reported results

Exact text from the filing

bookings were $506.9 million, down 6.8% or 4.5% on a constant currency basis Aftermarket bookings were $550.3 million, up 1.5%, or 3.5% on a constant currency basis Sales were $980.3 million, up 19.4%, or 22.3% on a constant currency basis Original equipment sales were $463.5 million, up 21.0%, or 24.1% on a constant currency basis Aftermarket sales were $516.8

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Source: SEC EDGAR

accession 0001157523-23-000656

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