Image Source: Zacks Investment Research Let's delve into the factors that have been aiding the firm for a while now. Flowserve's first-quarter 2024 bookings of $1.04 billion marked the ninth consecutive quarter of more than $1 billion bookings. Exiting the first quarter, its backlog level totaled $2.6 billion. Supported by strength across its businesses, the company expects revenues to increase in the band of 4-6% year over year in 2024. Shareholder-Friendly Moves: Management remains focused on rewarding it ...

Based in Germany, Heide is the northernmost crude oil refinery in the region. The company is engaged in manufacturing petroleum products including petrol, diesel and aviation fuel. It also produces light heating oil and base materials for the chemical industry. Some other top-ranked companies from the Industrial Products sector are discussed below. Flowserve Corporation (FLS) recently collaborated with Heide Refinery to enhance the latter's energy efficiency and cost savings by integrating FLS' Energy Advan ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Flowserve (FLS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question. Flowserve is a member of our Industrial Products group, which includes 222 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks ...

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. FLS currently has a forward P/E ratio of 18.06, while NDSN has a forward P/E of 23.60. We also note that FLS has a PEG ratio of 1.24. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company' ...

Flowserve's total sales of $1.09 billion beat the consensus estimate of $1.04 billion. The top line increased 10.9% year over year. Sales increased 10.6% on a constant-currency basis. Aftermarket sales in the reported quarter increased 8.1% year over year (up 8.1% on a constant-currency basis) to $558.9 million. Original equipment sales totaled $528.6 million, reflecting an increase of 14.1% year over year (up 13.5% on a constant-currency basis). Total bookings amounted to $1.04 billion in the quarter, refl ...

Solid Liquidity Position: In the first three months of 2024, the company generated net cash of $62.3 million from operating activities, up from $26.6 million in the year-ago period. Exiting the first quarter, its cash and cash equivalents were $532 million, much higher than the current maturities of $66.4 million. However, Flowserve has been grappling with escalating costs and expenses over time. In 2023, its cost of sales jumped 16.1% year over year due to higher input costs. Also, the metric jumped 9.5% y ...

Flowserve and Ingersoll Rand are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that FLS likely has seen a stronger improvement to its earnings outlook than IR has recently. But this is only part of the picture for value investors. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. The Style Score Value grade fac ...

Valuation Metrics Flowserve may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, a ...

Flowserve Corporation (NYSE:FLS) Q1 2024 Results Conference Call April 30, 2024 11:00 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 Deane Dray - RBC Capital Markets Andy Kaplowitz - Citigroup Mike Halloran - Baird Brett Linzey - Mizuho Nathan Jones - Stifel Sabrina Abrams - Bank of America Joe Giordano - TD Cowen Operator ...

Flowserve Corporation’s (FLS) first-quarter 2024 adjusted earnings (excluding 2 cents from non-recurring items) of 58 cents per share beat the Zacks Consensus Estimate of 47 cents. The bottom line increased 45% year over year. Results primarily benefited from higher revenues, partially offset by an increase in operating costs and expenses.Flowserve’s total sales of $1.09 billion beat the consensus estimate of $1.04 billion. The top line increased 10.9% year over year. Sales increased 10.6% on a constant-cur ...