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Flowserve Q1 2024 Earnings Report

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

Flowserve EPS Results

Actual EPS
$0.58
Consensus EPS
$0.47
Beat/Miss
Beat by +$0.11
One Year Ago EPS
$0.40

Flowserve Revenue Results

Actual Revenue
$1.09 billion
Expected Revenue
$1.04 billion
Beat/Miss
Beat by +$49.58 million
YoY Revenue Growth
+10.90%

Flowserve Announcement Details

Quarter
Q1 2024
Time
After Market Closes
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Flowserve Earnings Headlines

Flowserve upgraded to Outperform from Sector Perform at RBC Capital
RBC upgrades Flowserve to Outperform on order momentum
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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
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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.

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