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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 the financial community at 10 a.m. Eastern time. Scott Rowe, President and Chief Executive Officer, a.
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.
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 welcome the MOGAS team to Flowserve and look forward to leveraging our industry-leading scale to expand th.
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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Does Flowserve (FLS) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Investors looking for stocks in the Manufacturing - General Industrial sector might want to consider either Flowserve (FLS) or Nordson (NDSN). But which of these two companies is the best option for those looking for undervalued stocks?