Company Overview - Flowserve designs, manufactures, and services industrial flow management equipment, operating globally across various markets including oil and gas, chemical and pharmaceutical, power generation, and water management [6][8] - The company generates revenue through engineered flow control products and aftermarket services, focusing on both new equipment and recurring maintenance contracts [6] Financial Performance - Flowserve reported a total revenue of $4.7 billion and a net income of $452.8 million for the trailing twelve months (TTM) [5] - In the third quarter, sales increased by 3.6% year over year to $1.2 billion, with adjusted operating margin rising by 370 basis points to 14.8% [10] - Adjusted earnings per share (EPS) climbed to $0.90, reflecting a 45% increase from the previous year [10] Institutional Investment Activity - D1 Capital Partners significantly increased its stake in Flowserve by acquiring nearly 5.8 million shares in the third quarter, raising its total holdings to approximately 7.5 million shares valued at $397.5 million [2][3] - The value of D1's position in Flowserve increased by $309.2 million from the previous quarter, now representing 4.6% of its $8.7 billion in reportable U.S. equity holdings [4][11] Market Performance - As of the latest market close, Flowserve shares were priced at $72.04, marking a 17% increase over the prior year, outperforming the S&P 500, which rose by 13% during the same period [4] - The company's stock is nearing all-time highs, supported by operational consistency, expanding margins, and a growing focus on higher-quality aftermarket revenue [9]