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NEW YORK - Flowserve Corporation (NYSE:FLS) shares jumped 7.7% in after-hours trading on Tuesday after the flow control equipment manufacturer reported first quarter earnings and revenue that exceeded analyst expectations.
The Dallas-based company posted adjusted earnings per share of $0.72 for Q1 2025, surpassing the consensus estimate of $0.60. Revenue came in at $1.14 billion, topping expectations of $1.11 billion and representing a 5.2% increase from $1.09 billion in the same quarter last year.
"Our first quarter results were a strong start to the year, with robust bookings growth, margin expansion, and earnings acceleration all driven by healthy end markets and improved execution," said Scott Rowe, Flowserve’s President and CEO.
The company reported record aftermarket bookings of nearly $690 million in the quarter. Power bookings increased over 45% YoY, including over $100 million in nuclear awards for the third consecutive quarter.
Flowserve reaffirmed its full-year 2025 guidance, expecting adjusted EPS in the range of $3.10 to $3.30. The midpoint of $3.20 is slightly above the current analyst consensus of $3.15.
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