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Wednesday, August 8, 2018

-=Flowserve (FLS) reported earnings Wed 8 Aug 2018 (a/h)

Flowserve beats by $0.08, beats on revs; reaffirms FY18 EPS guidance, revs guidance 
  • Reports Q2 (Jun) earnings of $0.41 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.33; revenues rose 11.0% year/year to $973.13 mln vs the $923.89 mln Capital IQ Consensus.
  • Coreaffirms guidancefor FY18, sees EPS of $1.50-1.70, excluding non-recurring items, vs. $1.61 Capital IQ Consensus Estimate; sees FY18 revenue growth of +3-6%, which we compute as $3.77-3.88 bln vs. $3.84 bln Capital IQ Consensus Estimate.

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