Flowserve Q4 2024 Earnings Report
Key Takeaways
Flowserve achieved $1.18 billion in revenue for Q4 2024, marking a 1.3% year-over-year increase. Adjusted EPS rose to $0.70, and operating margin improved by 120 basis points. Bookings grew by 12.6%, and the company ended the quarter with a $2.79 billion backlog. Strong aftermarket activity and nuclear power awards supported growth.
Revenue increased by 1.3% YoY, reaching $1.18 billion.
Net income grew 23.8% YoY to $77.54 million.
Adjusted operating margin expanded by 210 basis points YoY to 12.6%.
Bookings grew 12.6% YoY, supported by strong aftermarket demand.
Flowserve Revenue
Flowserve EPS
Flowserve Revenue by Segment
Forward Guidance
Flowserve expects revenue growth of 3% to 5% organically in 2025, with adjusted EPS guidance of $3.10 to $3.30, reflecting a 22% YoY increase at the midpoint.
Positive Outlook
- Organic sales growth expected between 3% to 5%.
- Total sales growth forecasted at 5% to 7%, including acquisitions.
- Adjusted EPS expected to rise by 22% YoY at midpoint.
- Strong backlog of $2.79 billion provides revenue visibility.
- Operational efficiencies and 3D strategy expected to drive margin expansion.
Challenges Ahead
- Foreign exchange expected to impact revenue growth by approximately 1%.
- Potential realignment expenses not included in guidance.
- Interest expense forecasted at approximately $70 million.
- Macroeconomic uncertainties could impact capital expenditures.
- Execution risks remain in achieving expected cost synergies from acquisitions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income