Flowserve (FLS) Q1 Earnings & Revenues Top Estimates, Rise Y/Y

Flowserve Corporation’s (FLS) first-quarter 2024 adjusted earnings (excluding 2 cents from non-recurring items) of 58 cents per share beat the Zacks Consensus Estimate of 47 cents. The bottom line increased 45% year over year. Results primarily benefited from higher revenues, partially offset by an increase in operating costs and expenses.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-cur ...