Flowserve Stock News

Flowserve Corporation (NYSE:FLS ) Q3 2024 Results Conference Call October 29, 2024 10:00 AM ET Company Participants Brian Ezzell - VP, IR, Treasurer and Corporate Finance Scott Rowe - President and Chief Executive Officer Amy Schwetz - Senior Vice President and Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Nathan Jones - Stifel Deane Dray - RBC Capital Markets ...

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights (all comparisons to the 2023 third quarter, unless otherwise noted) Total bookings were $1.20 ...

Flowserve, a $7.2 billion leader in flow control systems, is essential for optimizing fluid management in key industries like oil and gas, water management, and power production. FLS's Q2 results reveal topline growth to $1.16 billion, driven by strong demand in oil and gas, chemicals, and power generation, with a robust backlog of $2.7 billion. Internally, margin expansion continues, supported...

I expect the MOGAS acquisition and the strong revenue and profitability growth to sustain Flowserve's momentum, despite cash flow concerns. Free cash flow dropped by 480% in Q2, but management projects 80%+ cash flow conversion by year-end. Net debt declined 11%, showing a healthy balance sheet with decent liquidity ratios, including a current ratio of 2.0 and a quick ratio of 1.4.

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its third quarter 2024 results after the close of the New York Stock Exchange (NYSE) on Monday, October 28. The following morning, on Tuesday, October 29, the company will hold its conference call with...

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (“Flowserve”) (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it has completed the acquisition of MOGAS Industries (“MOGAS”). This transaction helps strengthen Flowserve's presence in mission-critical severe service valves and associated aftermarket services. “We welc...

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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable on October 11, 2024, to shareholders of record as of the close of ...