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Dec 31, 2024
Flowserve Q4 2024 Earnings Report
Flowserve reported solid Q4 2024 results, with revenue growth and margin expansion driven by strong aftermarket demand and operational efficiency.
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
Flowserve
Flowserve Revenue by Segment
Revenue by Segment
Original Equipment Revenue
CapyFin.comAftermarket Revenue
CapyFin.com 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