secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001157523-23-001546
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000115752323001546/0001157523-23-001546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000115752323001546/a53686559.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001546

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