Flowserve Q1 EPS $0.56 (up 180%), raises FY24 adjusted EPS guidance to $2.50-$2.70

FLOWSERVE CORP

2024-Q1 EPS reported $0.56

Reported EPS $0.56 vs $0.20 YoY; adjusted EPS $0.58 vs $0.40, up 45%.
Revenue $1.09B, up 10.9% YoY; aftermarket revenue $558.9M, up 8.1%.
Adjusted gross margin 31.7%, up 130 bps; adjusted operating margin 10.9%, up 260 bps.
Raised FY24 adjusted EPS guidance to $2.50-$2.70, near 24% midpoint YoY growth.
Q2 bookings started strong with two Middle East project awards exceeding $150M combined.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

FLOWSERVE CORP updated its first quarter ended March 31, 2024 guidance (raised).

Period: first quarter ended March 31, 2024
Guidance: raised
Result: reported results

Exact text from the filing

On April 29, 2024, Flowserve Corporation, a New York corporation (the “Company”), issued a press release announcing financial results for the first quarter ended March 31, 2024.

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292 earnings releases filed in the last 30 days. Browse all earnings releases →

FLOWSERVE CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-122190

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