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DALLAS - Flowserve Corporation (NYSE:FLS) reported fourth-quarter earnings that fell short of analyst expectations, sending shares down 6.5% in after-hours trading. The flow control products provider also issued 2025 guidance that failed to impress investors.
For the fourth quarter, Flowserve posted adjusted earnings per share of $0.70, missing the analyst consensus of $0.77. Revenue came in at $1.18 billion, below estimates of $1.21 billion but up 1.3% YoY.
The company’s Q4 bookings rose 12.6% YoY to $1.18 billion, including $618 million in aftermarket activity. Flowserve’s backlog grew 3.5% YoY to $2.79 billion.
Looking ahead, Flowserve provided full-year 2025 guidance for adjusted EPS of $3.10 to $3.30, compared to the $3.24 analyst consensus. The company expects organic sales growth of 3% to 5% for the year.
"We made significant progress throughout 2024, launching the Flowserve Business System and leveraging our 3D strategy to drive solid top-line growth, expand margins, increase adjusted earnings, and deliver strong cash flow," said Scott Rowe, Flowserve’s President and CEO.
Despite the earnings miss, Flowserve’s Q4 operating margin improved to 10.6% from 9.4% a year ago. The company generated $197.3 million in operating cash flow for the quarter, up 1.4% YoY.
Flowserve’s Board of Directors authorized a quarterly cash dividend of $0.21 per share, payable on April 11, 2025, to shareholders of record as of March 28, 2025.
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