FLS - Flowserve Q1 results beat estimates co raises FY 2023 revenue growth guidance
2023-05-01 16:17:51 ET
- Flowserve press release ( NYSE: FLS ): Q1 Non-GAAP EPS of $0.40 beats by $0.14 .
- Revenue of $980.31M (+19.4% Y/Y) beats by $81.48M .
- Sees FY 2023 revenue growth of 10.0% to 12.0%. FLS had guided FY 2023 revenue growth of 9-11%. The consensus revenue estimate is for a growth of 10.58%.
- Sees FY 2023 adj. EPS of $1.65-$1.85. FLS had guided FY 2023 adj. EPS of $1.50-$1.75. The consensus EPS estimate is $1.69.
- Total bookings were $1.06 billion, down 2.7% Y/Y, or 0.5% on a constant currency basis.
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Flowserve Q1 results beat estimates, co raises FY 2023 revenue growth guidance