Flowserve(US:FLS)2025-04-30 01:35Q1 2025 Highlights - Total bookings reached $1.2 billion, with 3D bookings accounting for 31% of the total[8] - Sales amounted to $1.1 billion, representing a 5% increase compared to the previous year[8] - Adjusted gross margins improved to 33.5%, a 180 basis points increase year-over-year[8] - Adjusted EPS increased nearly 25% year-over-year to $0.72[8] - $49 million was returned to shareholders through dividends ($28 million) and share repurchases ($21 million)[8] Bookings Overview - Total bookings grew by 18% compared to the prior year, with a book-to-bill ratio of 1.07x[9] - Power bookings increased by more than 45%[9] - Aftermarket bookings reached a record of nearly $690 million[12] - Original equipment bookings were $557 million in Q1 2025 compared to $462 million in Q1 2024[10] Segment Performance - FPD segment bookings increased by 21.2% year-over-year to $852.9 million[29] - FPD segment revenue increased by 1.8% year-over-year to $783.1 million[29] - FCD segment bookings increased by 10.2% year-over-year to $376.0 million[30] - FCD segment revenue increased by 13.6% year-over-year to $364.1 million[30] Financial Outlook - The company reaffirmed its full-year 2025 guidance, expecting organic growth of 3.0% - 5.0% and total sales growth of 5.0% - 7.0%[41] - Adjusted EPS is projected to be between $3.10 and $3.30[41] - Net interest expense is estimated at approximately $70 million, with an adjusted tax rate of around 21%[41]