04:54 PM EDT, 04/29/2024 (MT Newswires) -- Flowserve ( FLS ) reported Q1 adjusted earnings Monday of $0.58 per diluted share, up from $0.40 per share a year earlier.

Analysts polled by Capital IQ expected $0.47.

Sales for the quarter ended March 31 rose to $1.09 billion from $980.3 million a year earlier. Analysts surveyed by Capital IQ expected $1.04 billion.

For 2024, the company increased its adjusted EPS outlook to $2.50 to $2.70 from $2.40 to $2.60. The consensus is for $2.54.

Flowserve ( FLS ) reaffirmed full-year revenue growth of 4% to 6%. Analysts polled by Capital IQ expect $4.57 billion.

The company's shares were up 1.8% in after-hours activity.

Price: 48.00, Change: +0.78, Percent Change: +1.65