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Dec 31, 2019
Flowserve Q4 2019 Earnings Report
Reported strong fourth quarter and full year results driven by margin expansion and solid cash flow.
Key Takeaways
Flowserve Corporation reported strong fourth quarter and full year 2019 results, driven by margin expansion through the Flowserve 2.0 transformation program and improved free cash flow. The company issued 2020 financial guidance, projecting revenue growth and adjusted EPS.
Reported EPS of $0.53, up 10.4% and Adjusted EPS of $0.66, up 13.8%.
Total bookings were $1.05 billion, up 0.7%.
Sales were $1.07 billion, up 8.2%.
Adjusted gross and operating margins decreased 50 and 10 basis points to 33.2% and 11.8%, respectively.
Flowserve
Flowserve
Flowserve Revenue by Segment
Forward Guidance
Flowserve provided initial guidance for 2020, including revenue growth of 3.0% to 5.0% and adjusted EPS of $2.30 to $2.45.
Revenue & Expenses
Visualization of income flow from segment revenue to net income