Flowserve (FLS) Tops Q3 EPS by 6c

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Flowserve Corporation Reports Third Quarter 2020 Results

November 5, 2020 4:08 PM EST

Delivered Reported EPS of $0.39 and Adjusted EPS of $0.50 on solid backlog execution Tracking ahead of plan on $100 million cost reduction program Further traction on Flowserve 2.0 transformation efforts while limiting pandemic disruptions Substantial progress on new product development program, including 9 new and upgraded products Strengthened liquidity with $500 million notes offering, credit facility amendment and solid operating cash flow, which together bring current liquidity to $1.7 billion

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the... More