Cost-control actions are expected to drive Flowserve's bottom line. FLS expects to achieve run-rate cost savings of more than $50 million by the end of 2023. Bullish Guidance : Following strong third-quarter performance, Flowserve has raised its 2023 guidance. The company expects revenues to increase 18-19% year over year in 2023 compared with a 16-18% rise anticipated earlier. Adjusted earnings per share are estimated to be between $1.95 and $2.05 compared with $1.85-$2.00 expected earlier. Rewards to Shareholders : Flowserve is committed to rewarding its shareholders handsomely. In the first nine months of 2023, the company paid dividends of $78.7 million. In 2022, the company paid out dividends worth $104.5 million to its shareholders. Price Performance : Thanks to strong booking levels and strength across end markets, shares of Flowserve have rallied 21.1% in the year-to-date period, outperforming the industry 's 5.5% increase.