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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Sales $ 1,156,892 $ 1,080,376 $ 2,244,371 $ 2,060,681
Cost of sales (790,796) (757,616) (1,539,307) (1,441,090)
Gross profit 366,096 322,760 705,064 619,591
Selling, general and administrative expense (238,627) (230,082) (467,045) (474,359)
Loss on sale of business (12,981) 0 (12,981) 0
Net earnings from affiliates 6,816 3,970 9,344 8,603
Operating income 121,304 96,648 234,382 153,835
Interest expense (16,917) (16,554) (32,233) (32,766)
Interest income 1,174 1,907 2,343 3,401
Other income (expense), net (5,263) (5,543) (6,137) (13,562)
Earnings (loss) before income taxes 100,298 76,458 198,355 110,908
Provision for income taxes (23,846) (21,304) (43,988) (25,757)
Net earnings (loss), including noncontrolling interests 76,452 55,154 154,367 85,151
Less: Net earnings attributable to noncontrolling interests (3,836) (3,951) (7,531) (7,181)
Net earnings (loss) attributable to Flowserve Corporation $ 72,616 $ 51,203 $ 146,836 $ 77,970
Net earnings per share attributable to Flowserve Corporation common shareholders:        
Basic (in dollars per share) $ 0.55 $ 0.39 $ 1.12 $ 0.59
Diluted (in dollars per share) $ 0.55 $ 0.39 $ 1.11 $ 0.59
Weighted average shares - basic (in shares) 131,656,000 131,171,000 131,583,000 131,051,000
Weighted average shares - diluted (in shares) 132,415,000 131,810,000 132,392,000 131,782,000