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Jun 30, 2022
Flowserve Q2 2022 Earnings Report
Flowserve reported strong sequential earnings and margin improvement, driven by solid operational execution and efforts to mitigate supply chain and inflationary headwinds.
Key Takeaways
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.
Bookings increased 9.6% year-over-year, reaching $1.04 billion.
Backlog reached its highest level since Q3 2015, up 15.6% versus 2021 year-end.
3D strategy is accelerating bookings growth.
Adjusted EPS of $0.30, exceeding prior expectations.
Revenue by Segment
Forward Guidance
Flowserve reaffirmed its previously announced target ranges in its full-year 2022 guidance. Should the US Dollar persist at the current strong level through the remainder of the year, it expects full-year revenue, GAAP EPS and Adjusted EPS at the low end of those respective ranges. The company also expects to exit the fourth quarter of 2022 with an adjusted operating margin in the 12% to 14% range.
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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