Flowserve Corporation reported total revenues of $1,144,543 thousand for the first quarter of 2025, an increase from $1,087,479 thousand in the same period last year. However, net earnings attributable to Flowserve Corporation decreased slightly to $73,905 thousand from $74,220 thousand year-over-year. Diluted EPS remained flat at $0.56.
Total revenue increased by 5.2% to $1,144,543 thousand in Q1 2025 compared to Q1 2024.
Net earnings attributable to Flowserve Corporation decreased slightly to $73,905 thousand in Q1 2025 from $74,220 thousand in Q1 2024.
Gross profit increased by 8.9% to $369,334 thousand, with gross profit margin improving to 32.3% in Q1 2025.
Operating income increased by 16.6% to $131,889 thousand in Q1 2025.
Flowserve anticipates annual revenue growth in 2025, driven by strong backlog, improved execution, and the recent acquisition of MOGAS. The company expects to maintain sufficient liquidity and access to capital throughout 2025.
Visualization of income flow from segment revenue to net income