FLS is likely to benefit from strength across its end markets, solid backlog level, acquired assets and shareholder-friendly policies.
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Investors interested in stocks from the Manufacturing - General Industrial sector have probably already heard of Flowserve (FLS) and Nordson (NDSN). But which of these two stocks is more attractive to value investors?
Flowserve (FLS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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Flowserve (FLS) is set to strengthen its product offerings and boost its position in the mining, mineral extraction and process industries with the acquisition of MOGAS.
Flowserve (FLS) is set to benefit from strength in the Flowserve Pump Division and Flow Control Division segments. However, increasing costs remain a concern.
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Investors interested in stocks from the Manufacturing - General Industrial sector have probably already heard of Flowserve (FLS) and Nordson (NDSN). But which of these two companies is the best option for those looking for undervalued stocks?
Flowserve's (FLS) second-quarter 2024 revenues increase 7.1% year over year, driven by the impressive performance of its Pump Division and Flow Control Division units.
Flowserve Corporation (NYSE:FLS ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Jay Roueche - Vice President, Treasurer and Investor Relations Scott Rowe - President and Chief Executive Officer Amy Schwetz - Senior Vice President and Chief Financial Officer Conference Call Participants Mike Halloran - Baird Joe Giordano - TD Cowen Andy Kaplowitz - Citigroup Deane Dray - RBC Capital Markets Damian Karas - UBS Nathan Jones - Stifel Brett Linzey - Mizuho Eric Look - Mizuho Joe Ritchie - Goldman Sachs Operator Good day, and welcome to the Second Quarter 2024 Flowserve Corporation Earnings Conference Call. Today's conference is being recorded.
Flowserve Corporation reported Q2 financial results, with revenue slightly below expectations but adjusted earnings exceeding forecasts. Management increased guidance for adjusted earnings per share for the year, showing a positive trend in profitability metrics. Despite ambitious goals and an upward revision in earnings, shares are not cheap enough to upgrade from a 'hold' rating.