Flowserve (FLS) Stock

FLS gains advantages from its strong Pump Division and Flow Control Division, as well as from acquisitions and policies that favor shareholders. Nevertheless, the increasing costs and expenses are a cause for concern.

Flowserve Corporation (NYSE: FLS), a top supplier of flow control products and services for global infrastructure, has announced that its Board of Directors has approved a quarterly cash dividend of $0.21 per share for its common stock. This dividend will be paid on January 10, 2025, to shareholders who are on record as of the end of business on December 27, 2024. Flowserve plans to continue paying regular quarterly cash dividends.

FLS enjoys advantages from its strong original equipment and aftermarket sectors, good bookings, and policies that favor shareholders. Nevertheless, the increasing costs and expenses are a cause for worry.

Flowserve is a great example of why stocks that are excluded from indexes often perform better than those included. Even though the stock has risen significantly in the last two years, its long-term potential remains strong. I will explain how the company is set to benefit from anticipated growth in oil and gas production in the future.

Flowserve Corporation (NYSE:FLS) will hold its Q3 2024 Results Conference Call on October 29, 2024, at 10:00 AM ET. Key company participants include Brian Ezzell, Scott Rowe, and Amy Schwetz. The call will also feature analysts from various financial institutions, and it is being recorded for future reference.

In the third quarter of 2024, FLS saw a 3.5% rise in revenues compared to the same period last year. This growth was mainly due to the strong results from its Flowserve Pumps Division and Flow Control Division.

While the revenue and earnings per share (EPS) for Flowserve (FLS) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Flowserve (FLS) reported quarterly earnings of $0.62 per share, which is lower than the Zacks Consensus Estimate of $0.67 per share. In comparison, the company earned $0.50 per share during the same period last year.

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) has shared its financial results for the third quarter that ended on September 30, 2024. In this quarter, total bookings reached $1.20 billion, which is an increase of $136.1 million or 12.7% compared to the same period in 2023. When adjusted for constant currency, total bookings rose by $142.8 million.