Flowserve Corporation (NYSE:FLS) Surpasses Earnings Estimates

Core Insights - Flowserve Corporation reported an earnings per share (EPS) of $0.90, exceeding the Zacks Consensus Estimate of $0.80, representing a 12.50% earnings surprise and a significant improvement from the $0.62 EPS reported in the same quarter last year [2][6] - The company's revenue for the quarter was $1.17 billion, slightly below the estimated $1.21 billion, but an increase from the $1.13 billion reported in the previous year [3][6] - Flowserve's third-quarter bookings reached $1.2 billion, with aftermarket bookings increasing by 6%, surpassing $650 million [3] Financial Metrics - Flowserve has a price-to-earnings (P/E) ratio of approximately 23.63, indicating the price investors are willing to pay for each dollar of earnings [4] - The price-to-sales ratio is about 1.48, suggesting that investors are paying $1.48 for every dollar of Flowserve's sales [4] - The enterprise value to sales ratio is around 1.40 [4] Financial Health - The company maintains a strong financial position with a debt-to-equity ratio of 0.10, indicating a low level of debt compared to its equity [5][6] - Flowserve's current ratio of 2.10 suggests a robust ability to cover its short-term liabilities with its short-term assets [5][6]