FLS Earnings Prediction
The chart below shows how FLS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FLS sees a -1.89% change in stock price 10 days leading up to the earnings, and a +4.08% change 10 days following the report. On the earnings day itself, the stock moves by +0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
FLS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.13B
3.50%
-2.06%
Gross Margin
32.11%
8.19%
-0.56%
Operating Margin
10.67%
13.51%
-11.75%
Net Margin
5.59%
16.46%
-15.43%
EPS
0.44
25.71%
-20.00%
No Data Available
FLS Earnings Analysis
Flowserve Corporation Corporation (FLS.N) Earnings Conference Call
Positive
Strong Operational Momentum: We delivered another strong result in the third quarter, underscoring the positive momentum with our operations and end markets.
Strong Bookings Performance: Bookings of $1.2 billion our book-to-bill ratio in the quarter was over 1.06 times.
Backlog Growth Achievement: We grew our backlog by $100 million sequentially ending the quarter at $2.8 billion and laying in the foundation for continued growth into 2025.
Operating Margin Expansion: We delivered 240 basis points of year-over-year adjusted operating margin expansion resulting in an 81% incremental margin in the quarter.
EPS Growth Quarter Over Quarter: Our third quarter adjusted EPS of $0.62 was a $0.12 or 24% increase versus prior year.
Negative
EPS Growth Quarter Over Quarter: Our third quarter adjusted EPS of $0.62 was a $0.12 or 24% increase versus prior year.
Tax Rate Discrepancy: This quarter's reported tax rates were higher than the adjusted rate, considering realignment activities and the below-the-line foreign exchange had unfavorable tax impacts on the rate.
Expense Impact on Earnings: This quarter's expense impacted reported and adjusted earnings by $0.07 and reduced our operating margin by more than 100 basis points.
Earnings Per Share Report: We also had $0.18 of net adjusted items, bringing our reported earnings per share to $0.44.
Operating Income Increase: Our adjusted operating income in the quarter was $126 million, a $31 million increase year-over-year.
FLS FAQs
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FLS Earning Call Sentiment
Flowserve Corporation (FLS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FLS.N
-0.49%Positive
The earnings call shows strong financial performance with record bookings and significant EPS growth. The company has increased EPS guidance and expects improved margins. Despite integration risks and long-term liabilities, the overall sentiment is positive, supported by robust aftermarket business and strategic acquisitions. Shareholder returns through dividends and repurchases add to the positive outlook. The Q&A session highlighted healthy bookings and growth opportunities, although some concerns about regulation and margin expansion were noted. Overall, the sentiment leans towards a positive stock price movement over the next two weeks.
