Flowserve Earnings Reports

Flowserve achieved $1.18 billion in revenue for Q4 2024, marking a 1.3% year-over-year increase. Adjusted EPS rose to $0.70, and operating margin improved by 120 basis points. Bookings grew by 12.6%, and the company ended the quarter with a $2.79 billion backlog. Strong aftermarket activity and nuclear power awards supported growth.

Flowserve reported a strong third quarter in 2024, with bookings reaching $1.20 billion, a 12.7% increase year-over-year. The company saw improvements in adjusted gross and operating margins, and generated $178 million in operating cash flow, a 121% increase year-over-year. Adjusted EPS increased to $0.62, up 24% from the prior year.

Flowserve Corporation reported strong second-quarter 2024 results, with earnings per share increasing 41% and adjusted earnings per share rising 40%. The company's bookings reached $1.25 billion, the highest quarterly level since 2014, driven by record aftermarket activity. Adjusted gross and operating margins also improved, leading to an increase in the full-year adjusted EPS guidance to $2.60 to $2.75.

Flowserve Corporation reported strong first quarter results with significant year-over-year growth in revenue, margins, adjusted earnings, and cash flow. The company's adjusted EPS increased and exceeded expectations, leading to raised full-year guidance. Bookings remained solid, driven by aftermarket and short-cycle original equipment awards.

Flowserve Corporation reported strong Q4 2023 results, with adjusted EPS of $0.68 and revenue of $1.17 billion, a 12.1% increase year-over-year. Total bookings were $1.04 billion. The company initiated full year 2024 guidance, including revenue growth between 4%-6% and Adjusted EPS of $2.40 to $2.60.

Flowserve Corporation reported strong second-quarter results, with revenue growth of 22.5% and an adjusted operating margin of 10.4%. The company raised its full-year revenue and adjusted EPS guidance range due to strong year-to-date results and increased expectations for the remainder of the year. Total bookings were $1.11 billion, and backlog increased to $2.84 billion.

Flowserve Corporation reported a strong start to 2023, with revenue growth of 19.4% and adjusted operating margin of 8.3%. The company raised its full-year guidance for revenue and adjusted EPS, driven by strong MRO and Aftermarket activity and the continued success of its 3D strategy.

Flowserve Corporation reported fourth-quarter earnings with revenue of $1.04 billion, up 13.0% year-over-year. Reported EPS was $0.92 and Adjusted EPS was $0.63. Total bookings were $1.11 billion, up 14.2% year-over-year and backlog at December 31, 2022 was $2.74 billion, up 36.5% versus December 31, 2021.

Flowserve Corporation reported third-quarter results impacted by discrete issues, but bookings were strong due to large project awards and aftermarket activity. The company is positioned for sequential revenue growth and earnings improvement for the remainder of the year and for full-year 2023.

Flowserve Corporation reported Q2 2022 results with strong bookings of $1.04 billion, up 9.6% year-over-year. The company reaffirmed its 2022 adjusted EPS guidance.

Flowserve Corporation reported a decrease in sales but an increase in total bookings. The results were impacted by supply chain and logistics issues and the decision to exit Russian operations, leading to a reported loss per share of $0.12. Adjusted EPS was $0.07.

Flowserve Corporation reported Q4 2021 results with revenue of $919.5 million, a decrease of 6.7% year-over-year, but total bookings increased by 17.5% to $969.1 million. Reported EPS was $0.13, and adjusted EPS was $0.45. The company's backlog at the end of the year was $2.0 billion, up 8.0% year-over-year.

Flowserve Corporation reported a decrease in sales but an increase in total bookings and backlog for Q3 2021. The company's financial results were negatively impacted by global supply chain, logistics, and labor availability issues, which deferred approximately $60 million of revenue and $20 million of gross profit out of the quarter.

Flowserve Corporation reported solid second quarter results, with bookings up nearly 18% year-over-year. The company's Flowserve 2.0 transformation initiative has delivered results, including a strong sequential increase in Adjusted EPS and incremental margin improvement. Flowserve raised full-year 2021 Revenue and Adjusted EPS guidance.

Flowserve Corporation reported a strong start to 2021 with a 47% increase in adjusted EPS year-over-year and a 15% sequential bookings growth. Decisive cost actions and Flowserve 2.0 transformation activities were key to the first quarter performance, as adjusted operating income increased over $20 million from last year.

Flowserve Corporation reported a decrease in sales and bookings for Q4 2020 compared to the previous year, but highlighted strong free cash flow generation and progress on transformation initiatives. The company's Flowserve 2.0 transformation efforts helped limit the decline in adjusted operating margins.

Flowserve Corporation announced its financial results for the third quarter ended September 30, 2020, delivering a solid operating quarter amidst pandemic-related challenges, with reported EPS of $0.39 and adjusted EPS of $0.50. The company is increasingly optimistic about market stabilization and a return to growth in 2021, supported by the Flowserve 2.0 transformation progress.

Flowserve Corporation reported its second quarter results, highlighting a resilient financial performance despite the global pandemic and energy market volatility. Adjusted EPS was flat compared to the prior year but up 152% sequentially. The company is executing ahead of plan on its $100 million annual cost reduction actions and expects second half 2020 Adjusted EPS performance to exceed first half levels.

Flowserve Corporation reported its first quarter 2020 results, which were impacted by COVID-19. Despite the challenges, the company maintained a strong balance sheet and is taking aggressive cost actions.

Flowserve Corporation reported strong fourth quarter and full year 2019 results, driven by margin expansion through the Flowserve 2.0 transformation program and improved free cash flow. The company issued 2020 financial guidance, projecting revenue growth and adjusted EPS.