Flowserve Corporation announced fourth quarter 2024 sales of $1.180 billion, a 1.3% increase year-over-year. Net earnings attributable to Flowserve Corporation for the quarter were $77.541 million, or $0.59 per diluted share. Adjusted earnings per share (EPS) for Q4 was $0.70, which fell short of Wall Street expectations.
For the full year 2024, Flowserve reported sales of $4.557 billion, up 5.5% from 2023, and net earnings of $282.759 million, or $2.14 per diluted share. Full-year adjusted EPS reached $2.63. The company's backlog stood at $2.789 billion at year-end, representing a 3.5% increase from the prior year.
Flowserve reaffirmed its full-year 2025 guidance, projecting organic sales growth of 3% to 5% and adjusted EPS in the range of $3.10 to $3.30. The Board of Directors also authorized a quarterly cash dividend of $0.21 per share, payable on April 11, 2025. Management highlighted robust market activity and expected benefits from operational execution and complexity reduction efforts.
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