Flowserve Corp is a global leader in the manufacturing and servicing of fluid motion and control products. The company specializes in providing a broad range of pumps, valves, seals, and flow management services to various industries, including oil and gas, chemical processing, water management, and power generation. Flowserve aims to enhance operational efficiency and reliability for its customers by offering innovative solutions and expert engineering support, thereby playing a vital role in the infrastructure and industrial sectors. Their commitment to sustainability and technology ensures that they remain at the forefront of advancements in fluid control technology.
Let’s dig into the relative performance of Flowserve (NYSE:FLS) and its peers as we unravel the now-completed Q3 gas and liquid handling earnings season.
Flow control equipment manufacturer Flowserve (NYSE:FLS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.5% year on year to $1.13 billion. Its non-GAAP profit of $0.62 per share was 6.9% below analysts’ consensus estimates.
Flowserve to acquire MOGAS Industries for $290 million with a potential $15 million earnout. Enhances valve portfolio, aftermarket potential, and adds $200M revenue.
