Flowserve Acquires LNG Pumping Technology From NexGen Cryo; No Financial Terms Disclosed; The Purchase Price And Associated Expenses Are Expected To Reduce Adjusted EPS By $0.05 In Flowserve's 2024 Q3
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Flowserve Corporation (NYSE:FLS) has acquired LNG pumping technology from NexGen Cryo. The purchase price and associated expenses are expected to reduce Flowserve's adjusted EPS by $0.05 in Q3 2024.

July 23, 2024 | 8:13 pm
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Flowserve Corporation has acquired LNG pumping technology from NexGen Cryo. The acquisition is expected to reduce Flowserve's adjusted EPS by $0.05 in Q3 2024.
The acquisition of LNG pumping technology from NexGen Cryo is expected to reduce Flowserve's adjusted EPS by $0.05 in Q3 2024. This short-term financial impact may lead to a negative reaction from investors concerned about earnings dilution.
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