Recap: Flowserve Q2 Earnings

Shares of Flowserve FLS were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 30.19% over the past year to $0.37, which missed the estimate of $0.41.

Revenue of $898,178,000 declined by 2.90% from the same period last year, which beat the estimate of $896,320,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Flowserve hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $44.39

52-week low: $25.87

Price action over last quarter: Up 2.31%

Company Overview

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.