Flowserve Q2 adjusted EPS $0.52 beats; raises FY2023 revenue and EPS guidance

FLOWSERVE CORP

2023-Q2 EPS reported $0.59 revenue$2,060,681,000

Reported EPS $0.39 vs $0.34 YoY; adjusted EPS $0.52 vs $0.30, up 73% YoY.
Revenue $1.08B (+22.5% YoY); aftermarket bookings +12.3%; backlog $2.84B up 22.8%.
Raises FY2023 revenue growth to 16-18% (from 10-12%) and adjusted EPS to $1.85-$2.00.
Adjusted operating margin 10.4%, +320 bps YoY; operating cash flow +$122M YTD.

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 second quarter ended June 30, 2023 results: revenue $1.08 billion, EPS $0.39. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $1.08 billion
EPS: $0.39
Guidance: raised
Result: reported results

Exact text from the filing

or 0.2% Aftermarket bookings were $590.9 million, up $64.9 million or 12.3%. On a constant currency basis 2 , aftermarket bookings were up $67.9 million or 12.9% Sales were $1.08 billion, up $198.2 million or 22.5%. On a constant currency basis 2 , sales were up $202.0 million or 22.9% Original equipment sales were $517.8 million, up $106.5 million or 25.9%. On a

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Source: SEC EDGAR

accession 0001157523-23-001207

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