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Mar 31, 2024
Flowserve Q1 2024 Earnings Report
Flowserve's first quarter results for 2024 reflected strong operational momentum and increased full-year adjusted EPS guidance.
Key Takeaways
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.
Reported and Adjusted Earnings Per Share increased 180% and 45%, respectively.
Full-year 2024 Adjusted EPS guidance was raised to $2.50 to $2.70.
First quarter Bookings were $1.04 billion, including aftermarket activity exceeding $575 million.
Adjusted Gross and Operating Margin increased 130 and 260 basis points compared to prior year.
Flowserve
Flowserve
Flowserve Revenue by Segment
Flowserve Revenue by Geographic Location
Revenue by Segment
Original Equipment Revenue
CapyFin.comAftermarket Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comMiddle East and Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
Flowserve is raising its Adjusted EPS guidance metrics for 2024 and reaffirmed its other financial targets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income