Free Trial

Flowserve Q2 2023 Earnings Report

Flowserve logo
$61.54 +0.68 (+1.12%)
(As of 12/3/2024 ET)

Flowserve EPS Results

Actual EPS
$0.52
Consensus EPS
$0.40
Beat/Miss
Beat by +$0.12
One Year Ago EPS
$0.30

Flowserve Revenue Results

Actual Revenue
$1.08 billion
Expected Revenue
$979.68 million
Beat/Miss
Beat by +$100.70 million
YoY Revenue Growth
+22.50%

Flowserve Announcement Details

Quarter
Q2 2023
Time
After Market Closes
Tim Sykes’ Urgent Trade Alert: “Make this move now” (Ad)

WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…

Click here to see a unique election-year trade

Flowserve Earnings Headlines

Flowserve upgraded to Outperform from Sector Perform at RBC Capital
RBC upgrades Flowserve to Outperform on order momentum
WARNING: “Buffett Indicator” flashing for first time in 50 years
Warren Buffett has sold a staggering $97 billion worth of stocks this year... But why? Our research indicates the Oracle of Omaha is quietly preparing for a historic market crash. His most reliable crash indicator - the "Buffett indicator" - just flashed red for the first time in 25 years.
RBC Capital Upgrades Flowserve (FLS)
What 9 Analyst Ratings Have To Say About Flowserve
Flowserve: The Case For Picks And Shovels
See More Flowserve Headlines
Get Earnings Announcements in your inbox

Want to stay updated on the latest earnings announcements and upcoming reports for companies like Flowserve? Sign up for Earnings360's daily newsletter to receive timely earnings updates on Flowserve and other key companies, straight to your email.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets. The FCD segment provides engineered and industrial valve and automation systems, including isolation and control valves, actuation, controls, and related equipment; and equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and multi-phase fluids. It primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was founded in 1790 and is headquartered in Irving, Texas.

View Flowserve Profile

More Earnings Resources from MarketBeat