Flowserve (FLS) Q2 Earnings & Revenues Top Estimates, Rise Y/Y

Flowserve Corporation's (FLS) second-quarter 2024 adjusted earnings (excluding 18 cents from non-recurring items) of 73 cents per share beat the Zacks Consensus Estimate of 63 cents. The bottom line increased 40.4% year over year. Results primarily benefited from higher revenues, partially offset by an increase in operating costs and expenses. Flowserve's total revenues of $1.16 billion beat the consensus estimate of$1.12 billion. The top line increased 7.1% year over year. Sales increased 7.7% on a consta ...