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Flowserve Corp (FLS)
NYSE:FLS
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.65Last Year’s EPS
0.58Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -6.50%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance for Flowserve in 2024 with significant achievements in bookings, cash flow generation, and margin expansion. The company's strategic initiatives in diversification, decarbonization, and the aftermarket have shown robust growth. However, there were challenges such as currency headwinds, interest expenses, and ongoing softness in the European chemicals market. Overall, the positive aspects significantly outweigh the negatives.Company Guidance
In the Flowserve Fourth Quarter and Year End 2024 Earnings Conference Call, several key metrics were highlighted to showcase the company's strong performance and future guidance. Flowserve reported nearly $1.2 billion in bookings for the fourth quarter, with adjusted gross margins expanding by 300 basis points to 32.8%, marking the eighth consecutive quarter of year-over-year margin expansion. The company achieved an adjusted operating margin of 12.6% and maintained a book-to-bill ratio of 1.0 times, exiting the year with a near-record backlog of $2.8 billion. Operational cash flow was robust at $197 million for the quarter. For 2025, Flowserve anticipates organic sales growth of 3 to 5%, with additional contributions from the MoGas acquisition, which is expected to add approximately 300 basis points to sales growth. The company also expects adjusted earnings per share to range from $3.10 to $3.30, representing a 22% increase compared to the previous year. Additionally, Flowserve aims to improve its gross and operating margins through its ongoing operational and portfolio excellence programs, which include initiatives like the 80/20 complexity reduction strategy.Strong Bookings and Margin Expansion
Bookings for Q4 2024 were nearly $1.2 billion, with a book-to-bill ratio of 1.0 times. Adjusted gross margins expanded by 300 basis points to 32.8%, marking the eighth consecutive quarter of year-over-year margin expansion. The company also delivered an adjusted operating margin of 12.6%.
Significant Cash Flow Generation
Flowserve generated $197 million in operating cash flow for Q4 and $425 million for the full year, with a free cash flow conversion ratio of 99%, the highest in more than a decade.
Aftermarket and Nuclear Power Growth
Aftermarket bookings exceeded $600 million for the third consecutive quarter. Nuclear awards for the quarter totaled over $110 million, marking the second consecutive quarter of nuclear bookings greater than $100 million.
3D Strategy and Diversification Success
The company's 3D strategy drove a 36% growth in diversified and decarbonization bookings, with significant progress in nuclear and new energy markets.
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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
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FLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $63.10 | $59.00 | -6.50% |
| Oct 28, 2024 | $52.75 | $53.94 | +2.26% |
| Jul 29, 2024 | $50.50 | $48.86 | -3.25% |
| Apr 29, 2024 | $46.66 | $46.60 | -0.13% |
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.
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FAQ
When does Flowserve Corp (FLS) report earnings?
Flowserve Corp (FLS) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Flowserve Corp (FLS) earnings time?
Flowserve Corp (FLS) earnings time is at May 05, 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 2025 (Q1) is 0.65.
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