FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to FLOWSERVE CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | |----------------------------------------------------------------|----------------|-------------------------------------------| | | | | | Secu ...

Wall Street analysts expect Flowserve (FLS) to post quarterly earnings of $0.63 per share in its upcoming report, which indicates a year-over-year increase of 21.2%. Revenues are expected to be $1.12 billion, up 3.9% from the year-ago quarter. Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong corr ...

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 29, 2024, Flowserve reported EPS of $0.58 versus consensus estimate of $0.47 while it beat the consensus revenue estimate by 4.81%. Flowserve may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the c ...

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. As such, the Zacks rating upgrade for Flowserve is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Flowserve imply an imp ...

Image Source: Zacks Investment Research Let's delve into the factors that have been aiding the firm for a while now. Flowserve's first-quarter 2024 bookings of $1.04 billion marked the ninth consecutive quarter of more than $1 billion bookings. Exiting the first quarter, its backlog level totaled $2.6 billion. Supported by strength across its businesses, the company expects revenues to increase in the band of 4-6% year over year in 2024. Shareholder-Friendly Moves: Management remains focused on rewarding it ...

Based in Germany, Heide is the northernmost crude oil refinery in the region. The company is engaged in manufacturing petroleum products including petrol, diesel and aviation fuel. It also produces light heating oil and base materials for the chemical industry. Some other top-ranked companies from the Industrial Products sector are discussed below. Flowserve Corporation (FLS) recently collaborated with Heide Refinery to enhance the latter's energy efficiency and cost savings by integrating FLS' Energy Advan ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Flowserve (FLS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question. Flowserve is a member of our Industrial Products group, which includes 222 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks ...

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. FLS currently has a forward P/E ratio of 18.06, while NDSN has a forward P/E of 23.60. We also note that FLS has a PEG ratio of 1.24. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company' ...

Flowserve's total sales of $1.09 billion beat the consensus estimate of $1.04 billion. The top line increased 10.9% year over year. Sales increased 10.6% on a constant-currency basis. Aftermarket sales in the reported quarter increased 8.1% year over year (up 8.1% on a constant-currency basis) to $558.9 million. Original equipment sales totaled $528.6 million, reflecting an increase of 14.1% year over year (up 13.5% on a constant-currency basis). Total bookings amounted to $1.04 billion in the quarter, refl ...

Solid Liquidity Position: In the first three months of 2024, the company generated net cash of $62.3 million from operating activities, up from $26.6 million in the year-ago period. Exiting the first quarter, its cash and cash equivalents were $532 million, much higher than the current maturities of $66.4 million. However, Flowserve has been grappling with escalating costs and expenses over time. In 2023, its cost of sales jumped 16.1% year over year due to higher input costs. Also, the metric jumped 9.5% y ...