Flowserve (FLS) Misses Q1 EPS by 14c, Lowers FY EPS Guidance
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Flowserve Corporation Reports First Quarter 2022 Results; Updates 2022 Financial Guidance
May 2, 2022 4:07 PM EDTStrong bookings of $1.09 billion increased 14.9% year-over-year and 17.6% constant currency, the highest quarterly bookings level delivered since Q2 2019 Backlog of $2.23 billion at March 31 was up 11.3% versus 2021 year-end and 18.4% year-over-year. Backlog at highest level since Q3 2015 positioning the Company for growth Exiting operations in Russia and cancelled related contracts from backlog Reported Loss Per Share of 12 cents primarily reflects Flowserves write down and other exit expenses from Russian operations Adjusted Earnings Per Share of 7 cents was impacted... More
