Does Flowserve (FLS) have what it takes to be a top stock pick for momentum investors? Let's find out.
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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 by the Company's 'excellence program,' aiming for a 200 basis point improvement by 2027. This is coupled with a sound strategy of widening the equity-debt gap.
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.
FLS' acquisition of MOGAS is set to strengthen its product offerings and boost its position in the mining, mineral extraction and process industries.
Flowserve (FLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Flowserve (FLS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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Two stocks--NextEra Energy and Flowserve--to buy to play the AI-spurred energy transition, spanning nuclear, electrification, and beyond.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Does Flowserve (FLS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.