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Flowserve (FLS) is set to benefit from robust booking levels supported by strong MRO activity. However, cost inflation and forex woes remain a concern.
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Here is how Flowserve (FLS) and Mitsui & Co. (MITSY) have performed compared to their sector so far this year.
Flowserve Corporation (FLS) Q4 2023 Earnings Call Transcript
Flowserve's (FLS) fourth-quarter revenues increase 12.1% driven by impressive performance of its Pump Division and Flow Control Division units.
The headline numbers for Flowserve (FLS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Flowserve (FLS) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.63 per share a year ago.
Flowserve's (FLS) fourth-quarter 2023 results are likely to benefit from strength in its Pump Division segment, driven by higher aftermarket and original equipment customer sales.
Besides Wall Street's top -and-bottom-line estimates for Flowserve (FLS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Flowserve (FLS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.