Flowserve Q3 adj EPS $0.50, revenue $1.09B (+25%); raises 2023 guidance

FLOWSERVE CORP

2023-Q3 EPS reported $0.94 revenue$3,155,399,000

Reported EPS $0.35; adjusted EPS $0.50 vs $0.09 in prior year quarter.
Revenue $1.09B (+25.4% YoY); adjusted operating margin 8.7% (+630 bps).
Bookings $1.07B; backlog $2.77B (near-record); aftermarket bookings +7% YoY.
Raised 2023 rev guidance to +18-19%, adj EPS to $1.95-$2.05 (from $1.85-$2.00).
Operating cash flow $81M in Q3; YTD improvement of over $240M.

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 0.95

FLOWSERVE CORP reported third quarter ended September 30, 2023 results: revenue $1.09 billion, EPS $0.35. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $1.09 billion
EPS: $0.35
Guidance: raised
Result: reported results

Exact text from the filing

or 29.7% Aftermarket bookings were $582.2 million, up $38.6 million or 7.1%. On a constant currency basis 4 , aftermarket bookings were up $26.6 million or 4.9% Sales were $1.09 billion, up $221.8 million or 25.4%. On a constant currency basis 4 , sales were up $200.7 million or 23.0% Original equipment sales were $529.2 million, up $117.1 million or 28.4%. On a

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Source: SEC EDGAR

accession 0001157523-23-001546

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