Flowserve (FLS) Tops Q1 EPS by 9c, Updates Guidance
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Flowserve Corporation Reports First Quarter 2021 Results
May 3, 2021 4:05 PM EDTStrong sequential bookings growth with $945 million of bookings, representing an increase of over 16% compared to the prior three-quarters 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... More
