Flowserve Q4 adjusted EPS $0.68, revenue up 12%; initiates 2024 guidance

FLOWSERVE CORP

2023-FY EPS reported $1.42

Q4 reported EPS $0.47, adjusted EPS $0.68 vs $0.63 prior year; revenue $1.17B (+12%).
Full year adjusted EPS $2.10 vs $1.10; revenue $4.32B (+19.5%).
Backlog $2.70B; Q4 bookings $1.04B with strong aftermarket awards >$550M.
Initiates 2024 guidance: reported EPS $2.25-2.45, adjusted EPS $2.40-2.60, revenue growth 4-6%.
Board approved 5% dividend hike to $0.21/share and replenished buyback authorization to $300M.

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 the fourth quarter and full year ended December 31, 2023 results: revenue $1.17 billion, EPS $0.47. Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $1.17 billion
EPS: $0.47
Guidance: reaffirmed
Result: reported results

Exact text from the filing

or 13.0% • Aftermarket bookings were $553.3 million, up $2.7 million or 0.5%. On a constant currency basis 4 , aftermarket bookings were down $6.4 million or 1.2% • Sales were $1.17 billion, up $126.2 million or 12.1%. On a constant currency basis 4 , sales were up $104.4 million or 10.1% • Original equipment sales were $576.1 million, up $76.3 million or 15.3%. On

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Source: SEC EDGAR

accession 0001193125-24-039954

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