Flowserve (FLS) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Flowserve reported revenue of $1.13 billion for the quarter ended September 2024, reflecting a year-over-year increase of 3.5% and a slight surprise of +0.52% over the Zacks Consensus Estimate [1] - The earnings per share (EPS) for the quarter was $0.62, which is an increase from $0.50 in the same quarter last year, but fell short of the consensus estimate of $0.67, resulting in an EPS surprise of -7.46% [1] Revenue and Earnings Performance - Flowserve's sales in the FPD segment were $781.37 million, slightly below the average estimate of $785.87 million, marking a year-over-year increase of 2% [3] - The FCD segment reported sales of $351.72 million, exceeding the average estimate of $340 million, with a year-over-year growth of 6.4% [3] - Intersegment sales were reported at -$2.17 million, slightly worse than the average estimate of -$2.10 million [3] Operating Income Metrics - Adjusted Operating Income for the FCD segment was $49.40 million, below the average estimate of $51.47 million [3] - The segment operating income for Eliminations and All Other was -$52.80 million, worse than the average estimate of -$40.18 million [3] - Adjusted Operating Income for the FPD segment was $128.10 million, surpassing the average estimate of $117.74 million [3] Stock Performance - Flowserve's shares have returned +2.5% over the past month, compared to a +2% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]