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Flowserve (FLS) reported earnings 30 days ago. What's next for the stock?
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FLS introduces the INNOMAG TB-MAG Dual Drive Pump to help operators handle dangerous fluids safely by preventing leaks.
FLS gains from strength across its Pump Division and Flow Control Division segments, acquisitions and shareholder-friendly policies. High costs and long-term debt remain concerning.
Flowserve Corporation (NYSE:FLS ) Q4 2024 Earnings Conference Call February 19, 2025 10:00 AM ET Company Participants Brian Ezzell - VP, IR, Treasurer and Corporate Finance Scott Rowe - President and CEO Amy Schwetz - CFO Conference Call Participants Nathan Jones - Stifel Deane Dray - RBC Capital Markets Mike Halloran - Baird Joe Giordano - TD Cowen Brett Linzey - Mizuho Operator Good day, and welcome to the Flowserve Fourth Quarter and Year End 2024 Earnings Conference Call. Today's conference is being recorded.
FLS' fourth-quarter 2024 revenues increase 1.3% year over year, driven by the impressive performance of its Flowserve Flow Control Division unit.
While the top- and bottom-line numbers for Flowserve (FLS) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Flowserve (FLS) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.68 per share a year ago.
FLS' results are likely to benefit from strength in the power generation and chemical end markets and contribution from acquired assets. High operating expenses are expected to have affected its margins.
FLS' fourth-quarter 2024 results are likely to benefit from strength in its Pump Division segment, driven by strength in the aftermarket and original equipment businesses.
Flowserve Corporation has shown strong performance, with a 22.4% stock increase, but its current valuation limits further upside potential, leading me to maintain a 'hold' rating. Despite revenue and profit growth, including a 3.5% revenue increase and significant cost savings from restructuring, the stock remains fairly valued compared to peers. Management's optimistic future projections, including a $5 billion revenue target by 2027, are encouraging, but the stock's valuation still appears high.