Flowserve (FLS) Tops Q1 EPS by 10c, Offers Guidance
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Flowserve Corporation Reports First Quarter 2024 Results and Raises Full-Year 2024 Guidance
April 29, 2024 4:05 PM EDTFirst 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
DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE:... More
