Flowserve (FLS) Misses Q4 EPS by 3c
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Flowserve Corporation Reports Fourth Quarter and Full Year 2021 Results; Issues 2022 Financial Guidance
February 23, 2022 4:05 PM ESTReported and Adjusted fourth quarter Earnings Per Share (EPS) of 13 cents and 45 cents, respectively Full year 2021 Reported and Adjusted EPS of 96 cents and $1.38, respectively Fourth quarter bookings increased 17.5% year-over-year to $969 million, driving full year 2021 bookings to $3.8 billion, up 10.6% year-over-year, on 1.07x book-to-bill Year-end backlog of $2.0 billion was up 8.0% versus prior year, setting the foundation for expected revenue and EPS growth in 2022 Full year 2021 free cash flow conversion of 108% of adjusted earnings, marking the second consecutive year above 100% Launching the Diversify, Decarbonize and Digitize growth... More
