Flowserve (FLS) Tops Q4 EPS by 8c, Offers Guidance

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Go back to Flowserve (FLS) Tops Q4 EPS by 8c, Offers Guidance

Flowserve Corporation Reports Fourth Quarter and Full-Year 2023 Results; Initiates 2024 Guidance

February 20, 2024 4:01 PM EST

Fourth quarter Reported and Adjusted1 Earnings Per Share (EPS)2 of 47 cents and 68 cents, respectively, reflects continued strong operational performance Delivered solid fourth quarter bookings of $1.04 billion, including strong aftermarket awards exceeding $550 million Increased quarterly cash dividend 5% to $0.21 per share and replenished total stock repurchase authorization to $300 million Initiated full year 2024 guidance3, including revenue growth between 4%-6% and Reported and Adjusted EPS of $2.25 to $2.45 and $2.40 to $2.60, respectively

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