secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001193125-24-039954
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000119312524039954/0001193125-24-039954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000119312524039954/d788147d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-039954

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