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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Sales $ 1,133,087 $ 1,094,718 $ 3,377,458 $ 3,155,399
Cost of sales (776,020) (777,024) (2,315,326) (2,218,114)
Gross profit 357,067 317,694 1,062,132 937,285
Selling, general and administrative expense (259,025) (252,065) (726,070) (726,424)
Loss on sale of business     (12,981) 0
Net earnings from affiliates 5,150 4,627 14,494 13,229
Operating income 103,192 70,256 337,575 224,090
Interest expense (16,587) (17,273) (48,820) (50,039)
Interest income 1,403 2,134 3,746 5,535
Other income (expense), net (5,920) (13,710) (12,057) (27,271)
Earnings (loss) before income taxes 82,088 41,407 280,444 152,315
(Provision for) benefit from income taxes (18,739) 11,186 (62,728) (14,571)
Net earnings (loss), including noncontrolling interests 63,349 52,593 217,716 137,744
Less: Net earnings attributable to noncontrolling interests (4,967) (6,437) (12,498) (13,618)
Net earnings (loss) attributable to Flowserve Corporation $ 58,382 $ 46,156 $ 205,218 $ 124,126
Net earnings per share attributable to Flowserve Corporation common shareholders:        
Basic (in dollars per share) $ 0.44 $ 0.35 $ 1.56 $ 0.95
Diluted (in dollars per share) $ 0.44 $ 0.35 $ 1.55 $ 0.94
Weighted average shares - basic (in shares) 131,395,000 131,183,000 131,520,000 131,095,000
Weighted average shares - diluted (in shares) 132,247,000 132,026,000 132,343,000 131,864,000