secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001157523-23-000656
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000115752323000656/0001157523-23-000656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000115752323000656/a53390973.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000656

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer