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EX - 99.1 2 a52472493ex99_1.htm EXHIBIT 99.1 Flowserve Corporation Reports Second Quarter 2021 Results • Second quarter 2021 Reported and Adjusted EPS of 35 and 37 cents , respectively • Strong bookings increased sequentially and 17.9 % year - over - year to $ 953 million • Year - to - date operating cash flow increased over 200 percent versus prior year period Exhibit 99.1 Raised full - year 2021 Revenue and Adjusted EPS guidance DALLAS -- ( BUSINESS WIRE ) -- August 5 , 2021 -- Flowserve Corporation ( NYSE : FLS ) , a leading provider of flow control products and services for the global infrastructure markets , today announced its financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Highlights ( all comparisons to the 2020 second quarter , unless otherwise noted ) 1 • • • • • Reported Earnings Per Share ( EPS ) of $ 0.35 and Adjusted EPS² of $ 0.37 。 Reported EPS includes after - tax adjusted items of $ 2.6 million , including realignment costs , below - the - line foreign exchange impacts and gain on the sale of business Total bookings were $ 952.8 million , up 17.9 % , or 13.0 % on a constant currency basis and up modestly sequentially 。 Original equipment bookings were $ 427.9 million , or 45 % of total bookings , up 17.0 % , or 11.7 % on a constant currency basis and down 12.3 % on a sequential basis 。 Aftermarket bookings were $ 524.9 million , or 55 % of total bookings , up 18.6 % , or 14.1 % on a constant currency basis and up 14.8 % on a sequential basis Sales were $ 898.2 million , down 2.9 % , or 7.1 % on a constant currency basis 。 Original equipment sales were $ 434.5 million , down 6.1 % , or 10.7 % on a constant currency basis and up 6.8 % on a sequential basis 。 Aftermarket sales were $ 463.7 million , up 0.3 % , or down 3.5 % on a constant currency basis and up 3.0 % on a sequential basis Reported gross and operating margins were 31.0 % and 8.0 % , respectively 。 Adjusted gross and operating margins³ were 31.4 % and 8.5 % , respectively Backlog at June 30 , 2021 was $ 1.95 billion , up 5.1 % versus December 31 , 2020