Flowserve Corporation Reports Third Quarter 2018 Results
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Flowserve (FLS) Tops Q3 EPS by 6c, Revenues Beat; Offers FY18 EPS Outlook In-Line with Consensus
November 7, 2018 4:35 PM ESTFlowserve (NYSE: FLS) reported Q3 EPS of $0.49, $0.06 better than the analyst estimate of $0.43. Revenue for the quarter came in at $953 million versus the consensus estimate of $925.33 million.
Reported Earnings Per Share (EPS) of $0.21 and Adjusted EPS[1] of $0.49Reported EPS includes pre-tax adjusted items of approximately $47 million, primarily related to realignment and transformation expenses, a loss on previously announced divestitures and below-the-line foreign exchange impactsAdjusted EPS increased 32.4%, and 19.5% on a sequential basisSales were $953 million, up 7.8%, or... More