Flowserve Q2 2021 Earnings Report
Key Takeaways
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.
Reported EPS was $0.35 and Adjusted EPS was $0.37.
Total bookings were $952.8 million, up 17.9% year-over-year.
Original equipment bookings were $427.9 million, up 17.0% year-over-year.
Aftermarket bookings were $524.9 million, up 18.6% year-over-year.
Flowserve
Flowserve
Flowserve Revenue by Segment
Forward Guidance
Flowserve raised certain of the full-year metrics of our 2021 target range. Revenues are expected to be down 2.0% to 4.0% and Adjusted Earnings Per Share are expected to be $1.45 - $1.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income