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Stock impact report

Flowserve Corporation Reports First Quarter 2024 Results and Raises Full-Year 2024 Guidance

Flowserve Corporation (FLS) 
Last flowserve corporation earnings: 2/17 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.flowserve.com
Company Research Source: Business Wire
First 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 momentumRaised full-year 2024 Adjusted EPS guidance3 to $2.50 to $2.70, almost a 24% year-over-year increase at the midpointDelivered solid first quarter Bookings of $1.04 billion, including strong aftermarket activity exceeding $575 millionAdjusted Gross and Operating Margin4 of 31.7% and 10.9%, respectively, increased 130 and 260 basis points compared to prior yearRecord first quarter Operating Cash Flow of $62 million DALLAS--(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 first quarter ended March 31, 2024.First Quarter 2024 Highlights (all comparisons to the 2023 first quarter, unless otherwise noted)Reported EPS of $0.56 and Adjusted EPS of $0.58, compared to $0.20 Show less Read more
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