earnings
confidence high
sentiment positive
materiality 0.75
Flowserve Q3 adjusted EPS $0.62, bookings up 12.7% to $1.20B; reaffirms FY adjusted EPS $2.60-$2.75
FLOWSERVE CORP
2024-Q3 EPS reported
$1.55
- Reported EPS $0.44, Adjusted EPS $0.62, up from $0.35 and $0.50 respectively YoY.
- Bookings $1.20B, +12.7% YoY; aftermarket $615M; record 3D strategy bookings.
- Adjusted gross margin 32.4% (+270bps), operating margin 11.1% (+240bps); $12M liability charge.
- Operating cash flow $178M, +121% YoY; reaffirms FY2024 adjusted EPS $2.60-$2.75.