secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001193125-24-122190
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000119312524122190/0001193125-24-122190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000119312524122190/d829033d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-122190

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