Flowserve ( (FLS) ) has released its Q1 earnings. Here is a breakdown of the information Flowserve presented to its investors.
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Flowserve Corporation is a leading provider of flow control products and services, operating in the global infrastructure markets with a diverse portfolio that includes engineered and industrial pumps, seals, and valves. The company is headquartered in Dallas and has a presence in over 50 countries.
Flowserve Corporation reported a strong start to 2025 with its first-quarter results, showcasing significant growth in bookings and margins. The company reaffirmed its full-year guidance, indicating confidence in its strategic direction despite a dynamic macroeconomic environment.
Key highlights from the first quarter include bookings of $1.2 billion, with record aftermarket bookings of nearly $690 million. Power bookings surged by over 45% year-over-year, driven by consistent nuclear awards. The company achieved a gross margin of 32.3% and an adjusted gross margin of 33.5%, both showing notable improvements from the previous year. Operating income increased by 17%, while adjusted operating income rose by 24%, reflecting enhanced operational efficiency.
Flowserve’s adjusted earnings per share (EPS) reached 72 cents, a 24.1% increase from the previous year. The company also reported a backlog of $2.9 billion, positioning it well for future growth. Despite a decrease in cash from operations, Flowserve remains focused on executing its strategic initiatives to drive value for stakeholders.
Looking ahead, Flowserve’s management remains optimistic about navigating the challenges posed by global uncertainties, including tariffs. With a strong backlog and improved execution capabilities, the company is poised to deliver on its commitments and continue creating value for its customers and shareholders.
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