Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Flowserve Corp (FLS)
NYSE:FLS
Holding FLS?
Track your performance easily
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.77Last Year’s EPS
$0.68Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 9.67%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong bookings, margin expansion, and successful acquisitions, despite some challenges in specific segments and a discrete financial charge.Company Guidance
In the Q3 2024 earnings call for Flowserve Corporation, management provided detailed guidance across various financial metrics. Bookings reached $1.2 billion, with a book-to-bill ratio of over 1.06x, contributing to a backlog of $2.8 billion. The quarter also saw a 240 basis point increase in adjusted operating margins, leading to an 81% incremental margin. Aftermarket bookings were strong at $615 million, with power bookings growing nearly 30% year-over-year, pushing year-to-date bookings growth to 23%. Sales totaled $1.1 billion, marking a 3.5% year-over-year increase, while adjusted EPS rose 24% to $0.62. Cash from operations was robust at $178 million, driven by working capital efficiency. The guidance reaffirms full-year adjusted earnings per share between $2.60 and $2.75, excluding the recent MOGAS acquisition. Management also highlighted the progress within the Flowserve business system, aiming for 100 to 200 basis points of margin improvement by 2027, and expressed optimism about the company's strategic initiatives and market opportunities.Strong Bookings and Backlog Growth
Bookings of $1.2 billion with a book-to-bill ratio over 1.06x, and backlog increased by $100 million sequentially to $2.8 billion.
Operating Margin Expansion
240 basis points year-over-year adjusted operating margin expansion, resulting in an 81% incremental margin in the quarter.
Aftermarket Bookings and Power Market Growth
Aftermarket bookings reached $615 million, and power bookings increased nearly 30% year-over-year, with significant growth expected in nuclear power.
Successful MOGAS Acquisition
Completion of the MOGAS acquisition, expected to enhance Flowserve’s portfolio with $200 million in annual revenues and accretive EBITDA margins.
Improved Cash Flow
Record third-quarter cash from operations of $178 million driven by working capital improvements, particularly in accounts receivable.
Strong EPS Growth
Adjusted EPS of $0.62, a 24% increase versus the prior year.
---
FLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
FLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $52.94 | $54.14 | +2.27% |
| Jul 29, 2024 | $50.69 | $49.03 | -3.27% |
| Apr 29, 2024 | $46.82 | $46.76 | -0.13% |
| Feb 20, 2024 | $41.66 | $41.99 | +0.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Flowserve Corp (FLS) report earnings?
Flowserve Corp (FLS) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Flowserve Corp (FLS) earnings time?
Flowserve Corp (FLS) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLS EPS forecast?
FLS EPS forecast for the fiscal quarter 2024 (Q4) is $0.77.
---