Flowserve (FLS) Q4 Earnings & Revenues Top Estimates, Up Y/Y

Flowserve Corporation’s (FLS) fourth-quarter 2023 adjusted earnings (excluding 21 cents from non-recurring items) of 68 cents per share beat the Zacks Consensus Estimate of 61 cents. The bottom line increased 7.9% year over year. Results were primarily benefited from higher revenues, partially offset by an increase in operating costs and expenses.Flowserve’s total sales of $1,165.2 million beat the consensus estimate of$1,136 million. The top line increased 12.1% year over year. Sales increased 10.1% on a ...