Core Viewpoint - The announcement discloses transactions made by FLSmidth's board members and executives in accordance with market abuse regulations [1][2]. Group 1: Company Transactions - FLSmidth's board members and executives have reported their share transactions to the company, granting power of attorney for publication [2]. - The company has provided attached statements detailing the trading activities of its board members and executives [2][4]. Group 2: Company Overview - FLSmidth is a technology and service supplier for the global mining and cement industries, focusing on performance improvement, cost reduction, and environmental impact [3]. - The company's sustainability initiative, MissionZero, aims for zero emissions in mining and cement by 2030, with a commitment to carbon neutrality in its operations by the same year [3].

COMPANY ANNOUNCEMENT NO. 2-2025 3 March 2025, Copenhagen, Denmark The Board of Directors hereby convenes the Annual General Meeting to be held on Wednesday 2 April 2025 at 4 pm (CEST) at the offices of the company, Vigerslev Allé 77, DK-2500 Valby. Agenda: 1. The Board of Directors' report on the company’s activities in 2024 2. Presentation and approval of the 2024 Annual Report 3. Approval of the Board of Directors’ fees: a. Final approval of fees for 2024. The Board of Directors proposes unchanged appr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________TO________ . Commission file number 1-13179 FLOWSERVE CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

PRESS RELEASE 25 February 2025, Copenhagen, Denmark Following a long-standing relationship, an Indian mining customer has awarded FLSmidth with the largest single order for the world’s largest size steel media tower mills. The mills are to be delivered at what is set to become one of the largest and most efficient iron ore beneficiation plants globally, reinforcing FLSmidth’s global leadership in energy-efficient grinding technology. The order includes the delivery of 18 vertical tower mills (called FTM-5 ...

COMPANY ANNOUNCEMENT NO. 1-2025 20 February 2025, Copenhagen, Denmark Today, FLSmidth’s Board of Directors approved the Annual Report for 2024. Highlights in 2024: Mining Service order intake increased by 2% compared to 2023 reflecting continued stability of mining service marketAdditional improvements in underlying profitability with Mining Adjusted EBITA margin of 13.1%Cement order intake decreased by 22% compared to reflecting recent divestments and continued pruning of the product portfolioCement Adjus ...

Financial Data and Key Metrics Changes - Bookings for Q4 2024 were nearly $1.2 billion, with a year-over-year growth of 13% [6][8] - Adjusted gross margins expanded by 300 basis points to 32.8%, marking the eighth consecutive quarter of year-over-year margin expansion [6][37] - Adjusted operating margins reached 12.6%, with adjusted operating income increasing by 22% to $149 million [6][39] - Operating cash flow was strong at $197 million for the quarter, contributing to a full-year cash flow of $425 million [6][47] Business Line Data and Key Metrics Changes - Aftermarket bookings totaled $618 million, marking the third consecutive quarter above $600 million [9][64] - Original equipment bookings grew by 14% year-over-year, with significant activity in traditional process industries and new energy markets [9][10] - Nuclear awards exceeded $110 million in Q4, representing the second consecutive quarter of nuclear bookings above $100 million [10][11] - FPD segment bookings increased by 13%, while sales declined by 5% due to project phasing and currency translation impacts [41][42] - FCD segment saw sales and bookings growth of 15% and 11%, respectively, with aftermarket bookings up 20% [44] Market Data and Key Metrics Changes - The power end market showed over 40% growth compared to the prior year, driven by traditional power and nuclear projects [10][20] - The opportunity funnel in power increased by more than 20% year-over-year, reflecting the demand for new power generation [20][19] - Overall project opportunity funnel remained flat year-over-year but at an elevated level, particularly in strong end markets [19][20] Company Strategy and Development Direction - The company is focused on diversification and decarbonization as critical strategic initiatives for 2025, with bookings in these areas growing by 36% [15][16] - The 3D strategy is positioned to capitalize on macro trends, including energy transition and regionalization [15][18] - The Flowserve Business System aims to enhance operational excellence and portfolio management, driving margin expansion and improved execution [25][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2027 targets, anticipating continued momentum in 2025 [15][58] - The geopolitical landscape and tariff impacts are being monitored, with management confident in their ability to adapt [92][96] - The company expects organic sales growth of 3% to 5% in 2025, with reported net sales growth benefiting from the MoGas acquisition [50][51] Other Important Information - The MoGas acquisition is expected to enhance offerings in mining and minerals, contributing to diversification efforts [13][36] - The company plans to maintain a quarterly dividend of $0.21 per share and continue share repurchases to offset equity compensation [55][56] Q&A Session Summary Question: Strategies driving aftermarket bookings growth - Management highlighted strong customer relationships, quick response centers, and a focus on high-level customer service as key drivers for aftermarket bookings [64][67] Question: Impact of the eighty-twenty framework on revenue - Management indicated that while some revenue headwinds may occur, the focus on best products and customers is expected to mitigate significant impacts in 2025 [70][78] Question: Confidence in maintaining book-to-bill ratio above 1.0 - Management expressed confidence in achieving a book-to-bill ratio over 1.0, supported by strong visibility in project opportunities across various sectors [85][86] Question: Corporate expenses and their impact - Management clarified that corporate expenses are expected to remain neutral in 2025, with no significant increases anticipated compared to 2024 [112][115] Question: Progress on LNG market and commercialization - Management reported positive progress in the LNG market, with ongoing commercialization efforts for new technologies and strong aftermarket support [121][123]

Q4 2024 EARNINGS CONFERENCE CALL February 19, 2025 FORWARD LOOKING STATEMENT AND NON-GAAP MEASURES Safe Harbor Statement: This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipat ...

Flowserve Corporation’s (FLS) fourth-quarter 2024 adjusted earnings (excluding 11 cents from non-recurring items) of 70 cents per share missed the Zacks Consensus Estimate of 77 cents. The bottom line increased 2.9% year over year. Results benefited primarily from higher revenues generated in the quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Flowserve’s total revenues of $1.18 billion missed the consensus estimate of $1.21 billion. The top line however increased 1.3% year ...

PRESS RELEASE 19 February 2025, Copenhagen, Denmark In 2025, leading mining technology and service supplier FLSmidth will open or expand seven service centres in strategic locations across the globe. These facilities are in direct support of FLSmidth’s CORE’26 mining strategy that includes targeting service growth, and adds to the company’s already comprehensive global network of service centres that can enhance mining customers’ productivity. New facilities will open in Accra, Ghana; Surabaja, Indonesia; ...

For the quarter ended December 2024, Flowserve (FLS) reported revenue of $1.18 billion, up 1.3% over the same period last year. EPS came in at $0.70, compared to $0.68 in the year-ago quarter.The reported revenue represents a surprise of -2.54% over the Zacks Consensus Estimate of $1.21 billion. With the consensus EPS estimate being $0.77, the EPS surprise was -9.09%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...