Key Highlights:

  • Bookings increased USD 274.2 million, or 25.5%, in the most recently reported quarter.
  • Sales decreased USD 18.9 million, or 1.6%, compared with the same period a year earlier.
  • Backlog reached USD 3.3 billion as of quarter end, up USD 468.2 million, or 16.3%.
  • Currency effects contributed approximately USD 14.4 million to the quarterly bookings increase.

Flowserve Corporation (NYSE:FLS) is scheduled to report third quarter results on Wednesday, Oct. 28, after the market close. Consensus estimates call for adjusted earnings per share of USD 0.98 on revenue of USD 1.24 billion, against a market capitalization of USD 8.84 billion.

In the most recently reported quarter, bookings increased USD 274.2 million, or 25.5%, compared with the same period of the prior year, while sales decreased USD 18.9 million, or 1.6%, over the same comparison.

Backlog Build

Backlog, which represents the aggregate value of booked but uncompleted customer orders, reached USD 3.3 billion at quarter end, an increase of USD 468.2 million, or 16.3%, compared with the prior year end, reflecting the strength of recent bookings relative to sales converted in the period.

Figures to Follow in the Release

Investors can watch bookings growth against the 25.5% rate posted last quarter, the sales trend against the 1.6% decline, and backlog levels against the USD 3.3 billion reported.