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Jun 30, 2021
Flowserve Q2 2021 Earnings Report
Reported solid second quarter results with strong bookings and sequential increase in adjusted EPS.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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