FLS earnings
Flowserve Corporation (FLS) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- Flowserve Corporation Reports First Quarter 2026 ResultsFlowserve Business System Delivers Strong Execution; Reaffirms Full-Year EPS Guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the first quarter ended March 31, 2026. Highlights: First quarter bookings of $1.15 billion, including: Over $110 million of nuclear bookings $680 million of aftermarket bookings First quarter operating margin of 11.2% decreased 30 basis points and adjusted1 operating margin2 of 15.1% expanded 230 basis points compared to the prior year period First quarter reported EPS of $0.64 and adjusted EPS3 of $0.85 Reported and adj
- Flowserve Schedules First Quarter 2026 Earnings Release and Conference CallFlowserve Corporation (NYSE:FLS) ("Flowserve") will release its first quarter 2026 earnings results after the market closes on Wednesday, April 29, 2026. Flowserve will host a conference call to discuss first quarter results the following morning, on Thursday, April 30, 2026, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and control products and services. Operating in more than 50 countries, the Company produces engineered and industrial pumps, seals and valves
- Flowserve Corporation Reports Fourth Quarter and Full Year 2025 Results3D Growth Strategy and Flowserve Business System Deliver Strong Q4 and Full Year Results; Initiated 2026 Guidance and 2030 Financial Targets Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the fourth quarter and full year ended December 31, 2025. Q4 and FY 2025 Highlights: Fourth quarter bookings of $1.2 billion, including 10% aftermarket growth to over $680 million Fourth quarter operating margin of 3.5%, including one-time impact from asbestos divestiture, and adjusted1 operating margin2 of 16.8% Fourth quarter reported and adjusted earnings per share (EPS)3 of
- Flowserve Divests Legacy Asbestos LiabilitiesDivestiture includes all asbestos liabilities, related insurance assets, and associated deferred tax assets Simplifies capital structure, reduces volatility, and strengthens cash flow generation Improves flexibility for capital allocation toward strategic growth opportunities Flowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, has reached an agreement to divest BW/IP - New Mexico, Inc. ("BW/IP"), a wholly owned subsidiary of the Company that holds asbestos liabilities and related insurance assets, to an affiliate of Acorn Investment Partners ("Acorn"), a portfolio company o
- Flowserve Corporation Reports Third Quarter 2025 Results3D Growth Strategy and Flowserve Business System Deliver Strong Q3 Performance; Increases Full-Year Earnings Guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the third quarter ended September 30, 2025. Highlights: Third quarter bookings of $1.2 billion, including 6% growth in aftermarket bookings to over $650 million Power bookings increased 23% year-over-year, with $140 million in nuclear awards during the third quarter Gross margin and adjusted1 gross margin2 of 32.4% and 34.8%, respectively, increased 90 and 240 basis points versus the prior year perio
- Flowserve Schedules Third Quarter 2025 Earnings Release and Conference CallFlowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, will issue its third quarter 2025 earnings release after the close of the New York Stock Exchange (NYSE) on Tuesday, October 28. Flowserve will host a conference call to discuss third quarter results the following morning, on Wednesday, October 29, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and contr
- Flowserve Updates Timing of Second Quarter 2025 Earnings Conference CallFlowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company") updates the timing of its second quarter earnings conference call to Wednesday, July 30, at 11:00 a.m. Eastern Time following the release of its second quarter earnings earlier today. The conference call was previously scheduled for Thursday, July 31, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and control products and services. Operating in more than 50 countries, the Company produces engineered a
- Flowserve Corporation Reports Second Quarter 2025 ResultsStrong Second Quarter Results Reflect Continued Execution of 3D Growth Strategy and Success of the Flowserve Business System; Increases Full-year 2025 Earnings Guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the second quarter ended June 30, 2025. Highlights: Solid bookings of $1.1 billion, including $621 million of durable aftermarket bookings Robust gross margin and adjusted1 gross margin2 of 34.2% and 34.9%, respectively, both increased 260 basis points versus the prior year period Operating margin and adjusted operating margin3 of 12.3% and 14.6%, re
- Flowserve Corporation Terminates Merger with Chart IndustriesFlowserve Will Receive a $266 Million Termination Payment Flowserve Highlights Ability to Drive Enhanced Value Creation Through Strength of Platform and Momentum of the Flowserve Business System Flowserve Corporation (NYSE:FLS) ("Flowserve"), a leading provider of flow control products and services for the global infrastructure markets, today announced it has terminated its previously announced merger agreement for Flowserve to combine with Chart Industries, Inc. (NYSE:GTLS) ("Chart"). The termination follows the Flowserve Board of Directors' decision not to submit a revised offer to merge with Chart, after being notified that Chart's Board of Directors had determined that a recent unso
- Flowserve Schedules Second Quarter 2025 Earnings Release and Conference CallFlowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, will issue its second quarter 2025 earnings release after the close of the New York Stock Exchange (NYSE) on Wednesday, July 30. Flowserve will host a conference call to discuss second quarter results the following morning, on Thursday, July 31, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and control pr
- Chart Industries and Flowserve Corporation to Combine in All-Stock Merger of Equals, Creating a Differentiated Leader in Industrial Process TechnologiesEstablishes Scaled, High-Performance and Global Platform Serving Full Customer Lifecycle for Flow and Thermal Management with Strong Process Design and Systems Capabilities Enhances Predictability, Diversification and Resilience Through Market Cycles with Exposure to Premium, High-Growth End Markets Strengthens Attractive Aftermarket Franchise Driving Aftermarket Revenues to Approximately $3.7 Billion Annually Generates ~$300 Million of Annual Cost Synergies Within Three Years and Revenue Synergies Over Time Representing an Incremental 2% Growth on the Combined Revenue Anticipated to be Meaningfully Accretive to Combined Adjusted EPS in First Year Committed to Investment Grade Bal
- Flowserve Corporation Reports First Quarter 2025 ResultsStrong Start to the Year; Reaffirms Full-year 2025 Guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the first quarter ended March 31, 2025. Highlights: First quarter bookings of $1.2 billion, including record aftermarket bookings of nearly $690 million Power bookings increased more than 45% year-over-year, with over $100 million in nuclear awards for the third consecutive quarter Gross margin and adjusted1 gross margin2 of 32.3% and 33.5%, respectively, increased 110 and 180 basis points versus the prior year period Operating income and adjusted operating in
- Flowserve Schedules First Quarter 2025 Earnings Release and Conference CallFlowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, will issue its first quarter 2025 earnings release after the close of the New York Stock Exchange (NYSE) on Tuesday, April 29. Flowserve will host a conference call to discuss first quarter results the following morning, on Wednesday, April 30, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and control produ
- Flowserve Corporation Reports Fourth Quarter and Full-Year Results3D Strategy and Flowserve Business System Deliver Sales and Earnings Growth Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the fourth quarter and full year ended December 31, 2024. Highlights (unaudited): Fourth quarter bookings of $1.2 billion, including $618 million of aftermarket activity Power bookings increased more than 40% year-over-year, with over $110 million in nuclear awards during the fourth quarter Gross margin and adjusted1 gross margin2 of 31.5% and 32.8%, respectively, increased 240 and 300 basis points versus the prior year period Operating income
- Flowserve Schedules Fourth Quarter 2024 Earnings Release and Conference CallFlowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, will issue its fourth quarter 2024 earnings release after the close of the New York Stock Exchange (NYSE) on Tuesday, February 18. Flowserve will host a conference call to discuss fourth quarter results the following morning, on Wednesday, February 19, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and c
- Flowserve Corporation Reports Third Quarter 2024 Results; Reaffirms 2024 Adjusted EPS GuidanceBookings of $1.20 billion, an increase of 12.7% compared to prior year, including $615 million of aftermarket activity and record levels of 3D strategy bookings Power bookings increased nearly 30% year-over-year, including over $100 million in nuclear awards during the third quarter Adjusted Gross and Operating Margins1 of 32.4% and 11.1%, respectively, an increase of 270 and 240 basis points compared to prior year period Third quarter Reported and Adjusted2 Earnings Per Share (EPS)3 of 44 cents and 62 cents, an increase of 26% and 24%, respectively, and both include a 7 cent unfavorable impact from a discrete charge for certain long-term liabilities Generated strong operating cash
- Flowserve Announces Dates for Third Quarter 2024 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its third quarter 2024 results after the close of the New York Stock Exchange (NYSE) on Monday, October 28. The following morning, on Tuesday, October 29, the company will hold its conference call with the financial community at 10 a.m. Eastern time. Scott Rowe, President and Chief Executive Officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve
- Flowserve Corporation Reports Second Quarter 2024 Results; Raises Full-Year Adjusted EPSSecond quarter Reported and Adjusted1 Earnings Per Share (EPS)2 of 55 cents and 73 cents, an increase of 41% and 40%, respectively, driven by strong operational execution Bookings of $1.25 billion were the highest quarterly level since 2014 and includes record aftermarket activity of more than $610 million Adjusted Gross and Operating Margins3 of 32.3% and 12.5%, respectively, increased 200 and 210 basis points compared to prior year Raised full-year 2024 Adjusted EPS guidance4 to $2.60 to $2.75 Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the second
- Flowserve Announces Dates for Second Quarter 2024 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its second quarter 2024 results after the close of the New York Stock Exchange (NYSE) on Monday, July 29. The following morning, on Tuesday, July 30, the company will hold its conference call with the financial community at 10 a.m. Eastern time. Scott Rowe, President and Chief Executive Officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at Flowserve's Investors page. About Flowserve: Flowserve Co
- Flowserve Corporation Reports First Quarter 2024 Results and Raises Full-Year 2024 GuidanceFirst quarter Reported and Adjusted1 Earnings Per Share (EPS)2 of 56 cents and 58 cents, an increase of 180% and 45%, respectively, reflects continued strong operational momentum Raised full-year 2024 Adjusted EPS guidance3 to $2.50 to $2.70, almost a 24% year-over-year increase at the midpoint Delivered solid first quarter Bookings of $1.04 billion, including strong aftermarket activity exceeding $575 million Adjusted Gross and Operating Margin4 of 31.7% and 10.9%, respectively, increased 130 and 260 basis points compared to prior year Record first quarter Operating Cash Flow of $62 million Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and se
- Flowserve Corporation Receives Two Significant Middle East Project AwardsFlowserve awarded over $150 million in bookings from two international EPCs Both awards occurred in April and will be reflected in the 2nd Quarter Results Substantial project opportunities remain in the project funnel for the remainder of 2024 and into 2025, in addition to the expected aftermarket & MRO work associated with the projects Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it received two major project awards earlier this month, primarily for original equipment pumps, from engineering, procurement and construction (EPC) contractors working on two significant Middle E
- Flowserve Announces Dates for First Quarter 2024 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its first quarter 2024 results after the close of the New York Stock Exchange (NYSE) on Monday, April 29. The following morning, on Tuesday, April 30, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, President and Chief Executive Officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at Flowserve's Investors page. About Flowserve: Flowserve C
- Flowserve Corporation Reports Fourth Quarter and Full-Year 2023 Results; Initiates 2024 GuidanceFourth quarter Reported and Adjusted1 Earnings Per Share (EPS)2 of 47 cents and 68 cents, respectively, reflects continued strong operational performance Delivered solid fourth quarter bookings of $1.04 billion, including strong aftermarket awards exceeding $550 million Increased quarterly cash dividend 5% to $0.21 per share and replenished total stock repurchase authorization to $300 million Initiated full year 2024 guidance3, including revenue growth between 4%-6% and Reported and Adjusted EPS of $2.25 to $2.45 and $2.40 to $2.60, respectively Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, toda
- Flowserve Announces Dates for Fourth Quarter and Full Year 2023 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its fourth quarter and full year 2023 results after the close of the New York Stock Exchange (NYSE) on Tuesday, February 20. The following morning, on Wednesday, February 21, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, President and Chief Executive Officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at Flowserve's Investors page. Abou
- Flowserve Corporation Reports Third Quarter 2023 Results; Raises 2023 Financial GuidanceRaised full-year Revenue and Adjusted EPS guidance range following strong year-to-date performance and expectations for the 2023 fourth quarter Reported and Adjusted1 Earnings Per Share (EPS)2 of 35 cents and 50 cents, respectively, continuing strong operational performance Delivered solid bookings of $1.07 billion, including strong aftermarket awards in excess of $580 million, maintaining near-record backlog levels at $2.77 billion Drove revenue growth of 25.4% and generated a 630 basis point improvement in adjusted operating margin compared to prior year Improved operating cash flow by over $240 million year-to-date, with $81 million of operating cash flow generated in th
- Flowserve Announces Dates for Third Quarter 2023 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its results for the third quarter 2023 after the close of the New York Stock Exchange (NYSE) on Wednesday, October 25. The following morning, on Thursday, October 26, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at Flowserve's Investors page. About Flowse
- Flowserve Corporation Reports Second Quarter 2023 Results; Raises 2023 Financial GuidanceRaised full-year Revenue and Adjusted EPS guidance range as a result of strong year-to-date results and increased expectations for the remainder of the year Reported and Adjusted1 Earnings Per Share (EPS)4 grew 15 and 73 percent year-over-year to 39 cents and 52 cents, respectively Achieved sixth consecutive quarter with bookings above $1 billion including the second quarter's healthy $1.1 billion; driven by aftermarket growth of 12.3% Generated substantial revenue growth of 22.5%, delivering an adjusted operating margin of 10.4%, an increase of 320 bps year-over-year Sizable backlog of $2.84 billion increased 3.9%, or $108 million, versus 2022 year-end, supported by 1.03x book
- Flowserve Announces Dates for Second Quarter 2023 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its results for the second quarter 2023 after the close of the New York Stock Exchange (NYSE) on Tuesday, August 1. The following morning, on Wednesday, August 2, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at Flowserve's Investors page. About Flowserve:
- Velan Inc. Reports Solid Fourth Quarter Financial Results to Close Fiscal Year 2022/23MONTREAL, May 17, 2023 (GLOBE NEWSWIRE) -- Velan Inc. (TSX:VLN) (the "Company"), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2023. Highlights: On February 10th, 2023, Flowserve Corporation ("Flowserve") (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, and Velan Inc. announced that they have entered into a definitive agreement under which Flowserve will acquire Velan in an all cash transaction (the "transaction") valued at approximately $245 million (C$329 million). The resolution relating to the transaction was approved by 99.9
- Flowserve Corporation Reports First Quarter 2023 Results; Raises 2023 Financial GuidanceReported and Adjusted1 Earnings Per Share (EPS) of 20 cents and 40 cents, respectively Achieved fifth consecutive quarter of bookings above $1 billion with $1.06 billion delivered in the first quarter; driven by strong MRO and Aftermarket activity and combined with the continued success of the 3D strategy Delivered strong revenue growth of 19.4%, generating adjusted operating margin of 8.3% with year-over-year incremental adjusted operating margins of 33.9% Book-to-bill of 1.08x increased backlog by 2.6%, or $71 million, to $2.8 billion on a sequential basis Velan acquisition is now expected to close early in the third quarter of 2023 Strong first quarter financial perf
- Flowserve Announces Dates for First Quarter 2023 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its results for the first quarter 2023 after the close of the New York Stock Exchange (NYSE) on Monday, May 1. The following morning, on Tuesday, May 2, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at Flowserve's Investors page. About Flowserve: Flowserve
- Flowserve Corporation Reports Fourth Quarter and Full Year 2022 ResultsReported and Adjusted Fourth Quarter Earnings Per Share (EPS) of 92 cents and 63 cents, respectively Fourth quarter bookings increased 14.2% year-over-year to $1.11 billion Full year 2022 Reported and Adjusted EPS of $1.44 and $1.10, respectively 3D growth strategy, combined with supportive project environment, delivered full year 2022 bookings of $4.45 billion, up 17.8% year-over-year Year-end backlog of $2.74 billion increased 36.5% year-over-year, establishing the foundation for strong expected revenue and Adjusted EPS growth in 2023 Velan acquisition accelerates 3D strategy and enhances the FCD portfolio; expected to close by the end of the second quarter of 2023 Flowserve
- Flowserve Announces Preliminary Fourth Quarter 2022 Results and Initiates 2023 GuidanceFlowserve expects fourth quarter 2022 bookings of $1.1 billion, revenues of approximately $1.0 billion and Adjusted EPS[1] of 59 to 63 cents Initiates 2023 guidance metrics, excluding contribution from Velan acquisition which was announced separately today Expects 2023 revenue growth of 9% to 11% and Reported and Adjusted EPS[1] of $1.40 to $1.65 and $1.50 to $1.75, respectively Company to host Fourth Quarter and Full Year 2022 earnings call on February 22, 2023 Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced preliminary fourth quarter 2022 financial results and initiated its 2023 guid
- Flowserve Corporation Reports Third Quarter 2022 Results; Issues Fourth Quarter 2022 Financial GuidanceStrong bookings of $1.22 billion increased 34.2% year-over-year and 40.8% on a constant currency basis, including one of Flowserve's largest awards in its history Reported Earnings Per Share of 29 cents, includes 20 cents of net benefit due primarily to $30 million below-the-line foreign exchange gain, Adjusted Earnings per Share of 9 cents As previously announced, Reported and Adjusted Earnings per Share were impacted by approximately 22 cents per share of certain discrete items in the third quarter Backlog of $2.6 billion was up 29.9% versus 2021 year-end and 32.1% year-over-year, reaching its highest level since Q2 2015 and positioning the Company for growth With the highest bac
- Flowserve Announces Dates for Third Quarter 2022 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the third quarter 2022 after the close of the New York Stock Exchange (NYSE) on Monday, October 31. The following morning, on Tuesday, November 1, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the "Investor Relations"
- Flowserve Corporation Reports Second Quarter 2022 Results; Affirms 2022 Adjusted EPS GuidanceStrong bookings of $1.04 billion increased 9.6% year-over-year and 14.5% constant currency, marking the second consecutive quarter with bookings over $1 billion Backlog of $2.32 billion at June 30 was up 15.6% versus 2021 year-end and 18.8% year-over-year, reaching its highest level since Q3 2015 and positioning the Company for growth Diversify, Decarbonize and Digitize ("3D") strategy accelerating bookings growth in current market conditions Sequential incremental adjusted operating margin of 60% on 7.4% revenue growth Reported Earnings Per Share of 34 cents, includes 4 cents of net benefit due primarily to $10 million below-the-line foreign exchange gain Adjusted Earnings
- Flowserve Announces Dates for Second Quarter 2022 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the second quarter 2022 after the close of the New York Stock Exchange (NYSE) on Wednesday, July 27. The following morning, on Thursday, July 28, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the "Investor Relations"
- Flowserve Corporation Reports First Quarter 2022 Results; Updates 2022 Financial GuidanceStrong bookings of $1.09 billion increased 14.9% year-over-year and 17.6% constant currency, the highest quarterly bookings level delivered since Q2 2019 Backlog of $2.23 billion at March 31 was up 11.3% versus 2021 year-end and 18.4% year-over-year. Backlog at highest level since Q3 2015 – positioning the Company for growth Exiting operations in Russia and cancelled related contracts from backlog Reported Loss Per Share of 12 cents primarily reflects Flowserve's write down and other exit expenses from Russian operations Adjusted Earnings Per Share of 7 cents was impacted by revenue-driven under-absorption, due to continued supply chain and logistics issues, and labor availabil
- Flowserve Announces Dates for First Quarter 2022 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the first quarter 2022 after the close of the New York Stock Exchange (NYSE) on Monday, May 2. The following morning, on Tuesday, May 3, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the "Investor Relations" section.
- Flowserve Corporation Reports Fourth Quarter and Full Year 2021 Results; Issues 2022 Financial GuidanceReported and Adjusted fourth quarter Earnings Per Share (EPS) of 13 cents and 45 cents, respectively Full year 2021 Reported and Adjusted EPS of 96 cents and $1.38, respectively Fourth quarter bookings increased 17.5% year-over-year to $969 million, driving full year 2021 bookings to $3.8 billion, up 10.6% year-over-year, on 1.07x book-to-bill Year-end backlog of $2.0 billion was up 8.0% versus prior year, setting the foundation for expected revenue and EPS growth in 2022 Full year 2021 free cash flow conversion of 108% of adjusted earnings, marking the second consecutive year above 100% Launching the Diversify, Decarbonize and Digitize growth strategy Flowserve Corporation (NY
- Flowserve Announces Dates for Fourth Quarter and Full Year 2021 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the fourth quarter and full year 2021 after the close of the New York Stock Exchange (NYSE) on Wednesday, February 23. The following morning, on Thursday, February 24 the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the
- Flowserve Corporation Reports Third Quarter 2021 ResultsReported and Adjusted Earnings Per Share of 38 cents and 29 cents, respectively Financial results adversely affected by late-quarter supply chain and logistics challenges Bookings increased 13.1% year-over-year to $912 million, Backlog up 6.2% year-to-date Year-to-date operating cash flow of $151 million, up over 32 percent versus prior year Revised full-year 2021 financial guidance metrics, including Revenue and Adjusted EPS Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights (all co
- Flowserve Announces Dates for Third Quarter 2021 Financial ResultsFlowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the third quarter 2021 after the close of the New York Stock Exchange (NYSE) on Wednesday, October 27. The following morning, on Thursday, October 28 the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the "Investor Relatio
- Flowserve Corporation Reports Second Quarter 2021 ResultsSecond quarter 2021 Reported and Adjusted EPS of 35 and 37 cents, respectively Strong bookings increased sequentially and 17.9% year-over-year to $953 million Year-to-date operating cash flow increased over 200 percent versus prior year period Raised full-year 2021 Revenue and Adjusted EPS guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights (all comparisons to the 2020 second quarter, unless otherwise noted)1 Reported Earnings Per Share (EPS) of $0.35 and Adjusted EPS2 of $0.37
- Flowserve Corporation Reports First Quarter 2021 ResultsStrong sequential bookings growth with $945 million of bookings, representing an increase of over 16% compared to the prior three-quarter's average Significant operating income improvement with reported and adjusted operating income up 132% and 41%, respectively Flowserve 2.0 transformation program continued to drive results, including a 250 basis point improvement in adjusted operating margin despite 4.1% revenue decrease GAAP EPS increased over 22% and Adjusted EPS increased over 47% Retired approximately $410 million of long-term Euro-denominated debt Raised full-year 2021 Revenue and Adjusted EPS guidance, reaffirmed all other metrics Flowserve Corporation (NYSE:FLS),
- Flowserve Corporation Reports Fourth Quarter and Full Year 2020 Results; Issues 2021 Financial GuidanceDALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights (all comparisons to the 2019 fourth quarter, unless otherwise noted)1 Reported Earnings Per Share (EPS) of $0.43 and Adjusted EPS2 of $0.53 Reported EPS includes after-tax adjusted items of approximately $12.9 million, including realignment, transformation and below-the-line foreign exchange impacts Total bookings were $825.1 million, down 21.6%, or 22.7% on a constant currency basis and u