Flowserve (FLS) Tops Q2 EPS by 5c
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Flowserve Corporation Reports Second Quarter 2022 Results; Affirms 2022 Adjusted EPS Guidance
July 27, 2022 4:05 PM EDTStrong bookings of $1.04 billion increased 9.6% year-over-year and 14.5% constant currency, marking the second consecutive quarter with bookings over $1 billion Backlog of $2.32 billion at June 30 was up 15.6% versus 2021 year-end and 18.8% year-over-year, reaching its highest level since Q3 2015 and positioning the Company for growth Diversify, Decarbonize and Digitize (3D) strategy accelerating bookings growth in current market conditions Sequential incremental adjusted operating margin of 60% on 7.4% revenue growth Reported Earnings Per Share of 34 cents, includes 4 cents of net benefit due... More
