Flowserve affirms 2024 adjusted EPS outlook $2.60-$2.75, consensus $2.76

Sees 2024 revenue growth 4.0%-6.0%. “Flowserve (FLS) reaffirmed its previously announced Adjusted EPS target range, as well as certain other financial metrics, provided in its full-year 2024 guidance issued on July 29, 2024,” the company said. It added, “With backlog at near-record levels of $2.8 billion and our successful closing of the MOGAS Industries acquisition earlier this month, we expect to exit 2024 with positive momentum. We are well-positioned to continue our meaningful progress in 2025 toward our 2027 financial targets. I am confident that our sustained progress will enable us to create long-term value for our customers, associates, and shareholders.”