Core Viewpoint - FLSmidth & Co. A/S is undergoing changes in its Board of Directors ahead of the Annual General Meeting on 24 March 2026, reflecting its strategic transformation into a focused supplier for the global mining industry [1][3]. Group 1: Board Changes - The company proposes to reduce the number of shareholder-elected Board members, with Chair Mads Nipper, Vice Chair Christian Bruch, and Board member Thrasyvoulos Moraitis not seeking re-election [3]. - Lene Skole is proposed as a new Board member and intended new Chair, bringing significant financial and strategic experience [4]. - Current Board members Anne-Louise Eberhard, Anna Kristiina Hyvönen, Lars Engström, and Rune Wichmann will seek re-election, with Rune Wichmann proposed as Vice Chair [4]. Group 2: Strategic Transformation - FLSmidth has successfully divested its heritage Cement business and is now a pure-play supplier of technologies and services to the mining industry, resulting in a more profitable company [1][2]. - The appointment of Toni Laaksonen as CEO aims to accelerate growth and further develop customer offerings [2]. - The company is entering a new strategic phase, with plans to be revealed later this year at a Capital Markets Day [2]. Group 3: Leadership Commentary - Chair Mads Nipper expressed pride in the company's accomplishments during his tenure and emphasized the strong financial and operational foundation for future growth [5].

Core Viewpoint - FLSmidth & Co. A/S is undergoing a significant transformation in its Board composition and strategic direction, focusing on growth in the mining industry following a successful operational restructuring [1][2][5]. Group 1: Board Changes - The company announced proposed changes to the Board composition ahead of the Annual General Meeting on 24 March 2026, including the Chair position [1]. - Chair Mads Nipper, Vice Chair Christian Bruch, and Board member Thrasyvoulos Moraitis will not seek re-election, reflecting the company's smaller and more focused structure [3]. - Lene Skole is proposed as the new Chair, bringing significant financial and strategic experience, while other members, including Rune Wichmann as proposed Vice Chair, will seek re-election [4]. Group 2: Strategic Transformation - FLSmidth has divested its Cement business and is now a pure-play supplier of technologies and services to the global mining industry, resulting in a more profitable company [1]. - The appointment of Toni Laaksonen as CEO aims to accelerate growth and further develop customer offerings, with plans for the next strategic phase to be revealed later this year [2]. - The company emphasizes its commitment to sustainability, aiming for zero emissions in mining by 2030 under its MissionZero initiative [7].

经济观察网 根据公开信息，福斯公司（FLS.N）股价在2026年2月18日表现强劲，收盘于90.50美元，单 日上涨0.82%，盘中最高触及90.67美元，创下历史新高。年初至今，该股累计涨幅已达30.44%。 推动股价创新高的因素可能包括公司稳健的财务表现和市场对其所属行业的积极预期。数据显示，福斯 公司市盈率（TTM）为34.28倍，近期20个交易日累计上涨19.24%，反映出市场资金持续关注。同期， 其所在的商业设备服务板块亦上涨0.31%，道琼斯指数与纳斯达克指数分别上涨0.44%和0.29%，整体市 场环境较为有利。 以上内容基于公开资料整理，不构成投资建议。 股票近期走势 ...

Core Insights - FLSmidth has transitioned to a focused, pure-play mining technology and services company, marking a significant milestone in its development [3] - The company reported total revenue of DKK 14,612 million in 2025, with an Adjusted EBITA margin of 15.9% [1][4] Financial Performance - The Adjusted EBITA margin improved to 15.9% in 2025 from 11.3% in 2024 [5] - Net profit for 2025 was DKK 8 million, a decline from DKK 1,030 million in 2024, primarily due to impairment of deferred tax assets and losses from discontinued activities [5] - Cash flow from operating activities increased to DKK 996 million in 2025 from DKK 640 million in 2024 [5] - Free cash flow adjusted for business acquisitions and disposals rose to DKK 640 million in 2025 compared to DKK 7 million in 2024 [5] Revenue Guidance - For 2026, FLSmidth expects organic revenue growth in the range of -1% to 4% [4][7] - The company anticipates that reported revenue growth will be approximately one percentage point lower than organic revenue growth due to current exchange rates [5] - Order intake is expected to increase organically by 3% compared to 2024, driven by the Service and Pumps, Cyclones & Valves (PC&V) businesses [5] Business Segments - The Service business is projected to achieve organic revenue growth of 2% to 5%, supported by demand for productivity-enhancing solutions [13] - The Products business is expected to see organic revenue decline of -15% to -5% due to a reduced order backlog [13] - The PC&V business is forecasted to grow organically by 4% to 7%, benefiting from robust market conditions [13] Future Outlook - FLSmidth aims to enhance its market position and customer offerings while strengthening its Products business as market activity improves [3] - The company expects an Adjusted EBITA margin in the range of 15.5% to 16.5% for 2026, benefiting from stable earnings margins in the Service and PC&V businesses [6][7]

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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, 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 number 1-13179 FLOWSERVE CORPORATION (Exact name of registrant as specified in its charter) New York 31-0267900 Securities registered pur ...

PresentationGet started again. We are really excited to have Flowserve Corporation with us. And we're particularly excited to have Scott Rowe. He's usually get around every year. We have this conference. So he's here with us today. He's the President and Chief Executive Officer of Flowserve. So I know Scott has some prepared remarks, so I'm going to go over to him, and then we'll go right into Q&A.Robert RowePresident, CEO & Director Great. Thank you, Andy. And it is a pleasure to be here for the first time ...

Flowserve Corporation 2026 Conference Summary Company Overview - **Company**: Flowserve Corporation (NYSE: FLS) - **Industry**: Flow control products and services, including pumps and valves Key Points and Arguments Financial Performance and Targets - Flowserve achieved a **500 basis points margin improvement** over the last three years, exceeding the 2027 target framework set previously [4] - New long-range targets for 2030 include: - **Organic sales growth** of mid-single digits - **Margin expansion** of approximately **100 basis points per year**, aiming for **20% operating income** by 2030 - **Adjusted EPS growth** in double digits [5] Operational Excellence - The company has focused on **operational excellence** since 2018, enhancing productivity and reducing disruptive events that affect margins [11] - Significant training and competency improvements in manufacturing operations have been implemented [12] Portfolio Excellence - The **80/20 Program** was fully integrated across all product business units by 2025, focusing on high-potential products and customers [13] - The program aims to streamline operations and improve profitability while maintaining growth potential [31] Commercial Excellence - Flowserve is retraining its sales force to enhance commercial excellence, focusing on account segmentation and effective use of CRM systems [16][19] - Changes in incentive plans are designed to align sales efforts with strategic growth areas [20] Footprint Optimization - The company is actively consolidating manufacturing facilities, with plans for at least two consolidations each year [28] - This strategy aims to drive efficiencies and leverage existing capacity without significant new investments [30] Market Dynamics and Growth Areas - The company anticipates a **second half revenue acceleration** in 2026, driven by improved market conditions and project timing [40] - The aftermarket business is expected to grow at mid- to high-single digits, supported by a large installed base of pumps and valves [41][63] Nuclear and Power Markets - Flowserve has a strong position in the nuclear market, with equipment on **75% of all reactors** globally [96] - The company expects continued growth in nuclear bookings, particularly from life extensions and power re-rates [97] - Traditional power markets are also showing growth, with opportunities in coal and natural gas sectors [81] 3D Strategy: Diversify, Decarbonize, Digitize - The company has shifted its focus from upstream oil and gas to downstream and refining, reducing energy exposure from **40% to just over 30%** [84] - Flowserve is actively pursuing decarbonization projects and has seen success in carbon capture initiatives [88] - The **RedRaven** IoT technology is now profitable and expected to drive future growth through predictive maintenance and monitoring [120] Acquisition of Trillium - The acquisition of Trillium's valve division is expected to enhance Flowserve's nuclear offerings, increasing content per reactor by **15%-20%** [103] - This acquisition is anticipated to provide growth opportunities not only in nuclear but also in traditional power markets [111] Additional Important Insights - The company has reduced its supplier count by **50%**, improving supply chain efficiency and cost management [53] - Flowserve's focus on **selective bidding** for projects has led to improved margins, particularly in engineered pumps [56] - The company is optimistic about future growth in general industries, including water and mining applications [118] This summary encapsulates the key insights and strategic directions discussed during the Flowserve Corporation 2026 conference, highlighting the company's focus on operational and commercial excellence, market opportunities, and growth strategies.

Core Viewpoint - FLSmidth & Co. A/S plans to initiate a new share buy-back programme of up to DKK 1.0 billion following the release of its Q1 2026 financial results, supported by a solid balance sheet and expected cash proceeds from the sale of its former corporate headquarters totaling DKK 730 million [1][2]. Group 1: Share Buy-Back Programme Details - The share buy-back programme aims to adjust FLSmidth's capital structure, with repurchased shares intended for cancellation at a General Meeting after the programme's completion [3]. - The programme is subject to approval at the Annual General Meeting on 24 March 2026, which includes renewing the Board of Directors' authorization to acquire own shares [4]. - The execution of the share buy-back will comply with EU regulations on market abuse and safe harbour provisions [5]. Group 2: Financial Timeline and Impact - The share buy-back programme is expected to commence after the Q1 2026 Interim Financial Report, anticipated on 13 May 2026, and is expected to be completed before the Annual General Meeting in 2027 [6]. - The new share buy-back initiative does not affect the ongoing programme, which is expected to conclude before the next Annual General Meeting on 24 March 2026 [7].

Core Viewpoint - Flowserve Corporation has announced a quarterly cash dividend increase of 5% to $0.22 per share, reflecting the company's commitment to returning value to shareholders [1] Dividend Announcement - The Board of Directors of Flowserve Corporation has authorized a quarterly cash dividend of $0.22 per share on the outstanding shares of common stock [1] - This dividend represents a 5% increase from the company's most recent per share quarterly dividend [1] - The dividend is scheduled to be payable on April 10, 2026, to shareholders of record as of the close of business on March [1]