What caused FLS's Q4 2024 earnings to fall below forecasts?

Flowserve Corporation's (FLS) Q4 2024 earnings fell below forecasts due to several factors: 1. **Revenue Miss**: Although Flowserve's revenue increased year-over-year, it missed analysts' expectations. Sales rose by 1.3% year-on-year to $1.18 billion, which was slightly below the estimated $1.20 billion. 2. **Earnings Per Share (EPS) Miss**: The company's adjusted EPS of $0.70 for Q4 2024 missed the Zacks Consensus Estimate of $0.77. This discrepancy, although relatively small, contributed to the earnings miss. 3. **Strategic Focus**: While Flowserve's strategic focus on its 3D strategy and Flowserve Business System has been instrumental in driving sales growth and margin expansion, the pace of growth in Q4 may not have met the heightened expectations set by the market. In summary, Flowserve's Q4 2024 earnings fell below forecasts due to a combination of missing revenue estimates and slightly below-par EPS, despite a strong overall performance and strategic growth initiatives.