The Zacks Manufacturing – General Industrial industry is poised for growth, driven by increased investments in product development and technological advancements. The industry participants’ efforts to digitalize business operations and expand market presence through strategic acquisitions are also expected to boost the industry’s growth.However, persistent softness in the manufacturing sector has marred the industry's outlook. Crane Company (CR) , Oshkosh Corporation (OSK) , Flowserve Corporation (FLS) and ...

Key Takeaways Flowserve posts strong momentum in both Pump and Flow Control divisions across global markets.End-market demand in chemicals, power and infrastructure drives bookings of $1.1B for Q2 2025.MOGAS Industries buyout boosts Flow Control sales by 2.6% and expands aftermarket opportunities.Flowserve Corporation (FLS) is poised to gain from strength across its segments, acquired assets and shareholder-friendly moves.FLS currently sports a Zacks Rank #1 (Strong Buy). In the past year, the company has g ...

PRESS RELEASE FLSmidth & Co. A/S10 September 2025, Copenhagen, Denmark Following a long-standing partnership, a progressive Indian miner and steelmaker has yet again selected FLS to deliver core mining technologies to what is set to become one of the world’s largest, most efficient and sustainable iron ore beneficiation plants globally. This is the fourth consecutive order that FLS has received from the customer within the past nine months. The order includes the delivery of the world’s largest filtered tai ...

Demand Outlook - The company has achieved five consecutive quarters of aftermarket bookings exceeding $600 million, indicating strong demand and resilience in this segment [1][2] - The aftermarket revenue franchise accounts for over 50% of the company's business, highlighting its significance and differentiation in the market [1] Market Focus - The company has experienced robust bookings in recent quarters, consistently reaching $600 million or more, which reflects a strong and resilient performance [2] - There is a shift in the company's focus towards the energy and oil and gas markets, which is seen as a misunderstood aspect of its operations compared to a decade ago [2]

Flowserve (FLS) 2025 Conference Summary Company Overview - **Company**: Flowserve Corporation (FLS) - **Focus**: Transformational journey aimed at expanding margins and driving profitable growth within the multi-industrial sector, particularly in energy and power markets [1][3] Demand Outlook - **Aftermarket Performance**: Five consecutive quarters of aftermarket bookings exceeding $600 million, with over 50% of revenue driven by a resilient aftermarket revenue franchise [3][4] - **Market Positioning**: Focus on downstream assets and refining, with revenue streams driven by capacity utilization rather than capital spending or oil prices [3][4] - **Investment in Speed**: Emphasis on quick quoting and reliability in aftermarket services to meet customer demands [4][5] Project Activity and Economic Indicators - **Second Quarter Bookings**: Approximately $1.7 billion booked, with three large bookings under $12 million, indicating strength in the run rate business despite a slowdown in large projects [7][9] - **Market Confidence**: Confidence in future bookings, particularly in power and nuclear sectors, despite general economic uncertainties affecting project urgency [10][11] Nuclear Sector Insights - **Nuclear Project Mix**: Strong focus on aftermarket orders for life extensions of reactors, particularly in North America, with significant orders expected [18][19] - **Small Modular Reactors (SMR)**: Active involvement in SMR technology development, with prototype orders in backlog, indicating a commitment to future growth in this area [20][21] Regional Growth and Market Dynamics - **Middle East Growth**: Continued growth potential in the Middle East, with a shift towards medium-sized projects ($30 million to $50 million) that are easier to manage [23][24] - **Aftermarket Cycle**: Early aftermarket cycle begins before assets are operational, allowing for proactive parts supply [25] Margin Improvement Strategies - **80/20 Strategy**: Implementation of the 80/20 framework has led to significant margin expansion, with an expected 200 basis points improvement in operating margins, half attributed to this strategy [27][28] - **Operational Excellence**: Focus on operational improvements and commercial excellence to enhance margin expansion and revenue growth [30][34] Capital Deployment and M&A Strategy - **Strong Balance Sheet**: Net debt to EBITDA ratio under 1.5, providing flexibility for capital deployment and potential M&A opportunities [41] - **Shareholder Returns**: Consideration of share buybacks and strategic M&A to enhance shareholder value [42] Supply Agreements and New Product Development - **Supply Agreements**: Secured agreements to capitalize on revenue synergies, particularly in cryogenic pump development for LNG applications [43][45] - **Decarbonization Efforts**: Strong performance in decarbonization projects, with ongoing partnerships to explore new technologies and market opportunities [47][48] Conclusion - **Future Outlook**: Flowserve is positioned for continued growth through strategic investments in aftermarket services, nuclear projects, and operational improvements, while maintaining a strong balance sheet for future opportunities [1][41]

Core Insights - FLSmidth's Q2 2025 results show a strengthened profitability with an Adjusted EBITA margin of 15.2%, despite macroeconomic and geopolitical uncertainties [2] - The company achieved a 3% year-on-year growth in orders, particularly driven by a 44% increase in Products orders and a 13% organic growth in the Pumps, Cyclones & Valves segment [2][9] - Strategic milestones include the DKK 730 million sale of its headquarters, divestment of FLSmidth Cement, and the launch of a share buy-back program, reinforcing shareholder returns [2][23][24] Financial Performance - Consolidated revenue decreased by 12% in Q2 2025 compared to Q2 2024, primarily due to a 43% decline in Products revenue [13][11] - The Adjusted EBITA margin improved to 15.2% in Q2 2025 from 10.3% in Q2 2024, reflecting strong cost management [34] - Profit for the continuing business increased to DKK 262 million in Q2 2025, compared to DKK 76 million in Q2 2024 [14] Order Intake and Backlog - Service order intake decreased by 8% year-on-year in Q2 2025, attributed to delays in modernization projects in North America [6] - Products order intake saw a significant increase of 44% compared to Q2 2024, while the PC&V segment reported a 7% increase [7][8] - The consolidated order backlog decreased by 13% to DKK 10,650 million compared to Q2 2024 [9][34] Segment Reporting Changes - Following the divestment of FLSmidth Cement, the company will now report on three continuing segments: Service, Products, and Pumps, Cyclones & Valves [3][4] - The new segment structure aligns with the company's strategy to focus solely on the mining industry [4] Strategic Divestments - The divestment of the Cement business is expected to close in the second half of 2025, with an initial consideration of approximately DKK 550 million [24] - The sale of the corporate headquarters is anticipated to yield a net cash gain of approximately DKK 730 million [23] Financial Guidance - FLSmidth maintains its revenue guidance for 2025 at DKK 14.5-15.0 billion, with an expected Adjusted EBITA margin of 15.0-15.5% [28][29] - The guidance reflects anticipated lower revenue from the order backlog due to customer-driven delays [28]

Core Viewpoint - FLSmidth has announced preliminary and unaudited financial results for Q2 2025 and H1 2025, along with an update to its financial guidance for the full year 2025, reflecting a strategic shift towards being a pure-play supplier to the mining industry following the divestment of its Cement business [1][2]. Financial Performance - For Q2 2025, FLSmidth reported consolidated revenue of DKK 3.4 billion and for H1 2025, revenue was DKK 7.1 billion [4]. - The Adjusted EBITA margin for Q2 2025 was 15.2%, while for H1 2025 it was 14.9% [4]. - Order intake for Q2 2025 was DKK 3.5 billion, and for H1 2025, it was DKK 7.3 billion [4]. Segment Reporting - FLSmidth will report on three continuing segments: Service, Products, and Pumps, Cyclones & Valves (PC&V) starting Q2 2025 [3]. - The PC&V segment is expected to consist of approximately 25% equipment-related orders and 75% aftermarket-related orders [3]. Financial Guidance - The updated revenue guidance for the full year 2025 is DKK 14.5-15.0 billion, down from the previous guidance of approximately DKK 15.0 billion, due to customer-driven delays and adverse foreign exchange rate movements [7]. - The Adjusted EBITA margin guidance has been upgraded to 15.0-15.5%, reflecting stronger-than-anticipated benefits from ongoing corporate model implementation [8]. Market Outlook - Market demand for aftermarket services in the global mining industry is expected to remain stable, while demand for original equipment is anticipated to remain soft compared to 2024 [9]. Transformation Costs - Costs related to the ongoing transformation activities and the separation of the Mining and Cement businesses are expected to total approximately DKK 200 million for the full year 2025 [10].

COMPANY ANNOUNCEMENT NO. 20-2025 FLSmidth & Co. A/S 6 August 2025 Copenhagen, Denmark On 25 June 2025, FLSmidth & Co. A/S (FLSmidth) initiated a share buy-back programme of up to DKK 1.4 billion (ref. Company Announcement no. 12-2025). Under the share buy-back programme, FLSmidth may repurchase shares up to a maximum amount of DKK 1.4 billion, and no more than 4,600,000 shares, corresponding to approximately 8 percent of the share capital of the company. The share buy-back programme will be executed in acco ...

Core Insights - Flowserve Corporation's second-quarter 2025 adjusted earnings per share (EPS) of 91 cents exceeded the Zacks Consensus Estimate of 78 cents, marking a year-over-year increase of 24.7% driven by higher revenues [1][9] - Total revenues for the quarter were $1.19 billion, slightly below the consensus estimate of $1.21 billion, reflecting a year-over-year growth of 2.7% [2][9] - Despite a significant 13.8% decline in total bookings to $1.07 billion, the backlog increased by 6.3% year over year to $2.85 billion [2][9] Revenue Breakdown - Flowserve Pump Division generated revenues of $818.9 million, a 0.8% increase year over year, with bookings down 19.5% to $723.8 million [3] - Flow Control Division reported revenues of $371.5 million, up 6.8% year over year, with bookings increasing by 1.6% to $354.7 million [4] Margin Analysis - Cost of sales decreased by 1.2% year over year to $781.5 million, while gross profit rose by 11.1% to $406.6 million, resulting in a gross margin increase of 260 basis points to 34.2% [5] - Operating income increased by 20.8% year over year to $146.6 million, with an operating margin of 12.3%, up 180 basis points [5] Balance Sheet and Cash Flow - As of the end of the second quarter, Flowserve had cash and cash equivalents of $629.2 million, down from $675.4 million at the end of 2024, while long-term debt decreased to $1.44 billion [6] - The company generated net cash of $104.2 million from operating activities in the first half of 2025, compared to $49.5 million in the same period last year [6] Shareholder Returns - During the same period, Flowserve distributed $55.2 million in dividends and repurchased shares worth $52.8 million [7] 2025 Guidance - Flowserve has updated its 2025 revenue growth expectation to 5-6%, down from the previous 5-7%, while raising its adjusted EPS forecast to $3.25-$3.40 from $3.10-$3.30 [10]

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 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 No. 1-13179 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FLOWSERVE CORPORATION FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) New York 31-0267900 (State or other jurisdiction of ...