Flowserve reports Q4 adjusted EPS 50c, consensus 51c
Reports Q4 revenue $1.03B, consensus $1.03B. "Flowserve's fourth quarter and full year 2017 adjusted results were largely in-line with our expectations. In the quarter, we achieved better than anticipated bookings growth, providing a solid foundation for growth in 2018," said Scott Rowe, Flowserve's president and chief executive officer. "Additionally, we are increasingly optimistic that our core energy end markets are positioned to inflect. We believe that the continued stability in oil price levels, global economic growth, completion of U.S. tax reform and an improved regulatory environment, have improved market conditions, which could support our customers increased spending on deferred maintenance and efficiency upgrades, as well as reaching investment decisions for larger projects."