For the full year, Rowe said Flowserve delivered $4.7 billion in bookings, including $400 million in nuclear awards. He added that the company’s four largest awards in 2025 were global nuclear projects totaling more than $150 million.CEO Scott Rowe said project activity was steady, with notable opportunities and awards in nuclear and traditional power. He cited a $28 million power award as the largest booking in the quarter and said the company delivered nearly $100 million in total nuclear bookings during ...

Pharma core sales increased 4% in the quarter, with performance varying across end markets. Prescription core sales grew 1% , as growth in systemic nasal drug delivery and higher royalty payments more than offset a steep decline in emergency medicine. Kanu said emergency medicine sales fell 36% ; excluding emergency medicine, prescription core sales increased 10% year-over-year.Adjusted EPS for the quarter was $1.25 , compared with $1.62 in the prior year at comparable exchange rates. Kanu attributed the de ...

Q4 2025 EARNINGS CONFERENCE CALL February 6, 2026 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," "anticipate ...

2025 Results and 2026 Outlook February 5, 2026 1 Safe Harbor and Non-GAAP Disclosures Safe Harbor This presentation contains "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, the accompanying conference call may include, and officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that constitute "forward-looking statements". T ...

Fourth Quarter 2025 Earnings Release Paulo Ruiz & Olivier Leonetti | February 3, 2026 © 2026 Eaton. All rights reserved. 1 Forward-looking statements and non-GAAP financial information This presentation or the comments we make on our call today contain forward-looking statements concerning, among other matters, first quarter and full year 2026 earnings per share, adjusted earnings per share, organic growth and segment operating margins; full year 2026 operating cash flow, free cash flow, and anticipated sha ...

The consensus price target for Woodward, Inc. (NASDAQ:WWD) has increased, indicating growing confidence in the company's future prospects.Woodward is expected to announce strong first-quarter fiscal 2026 earnings, with projections of $1.64 per share and revenue of approximately $902 million.The company has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting increased optimism about its earnings potential and its likelihood to exceed quarterly earnings estimates.Woodward, Inc. (NASDAQ:WWD) is a promine ...

On Jan. 28, 2026, Paradice Investment Management LLC disclosed a purchase of 178,356 shares of Flowserve (NYSE:FLS), an estimated $11.46 million trade based on quarterly average pricing. What happened According to a Securities and Exchange Commission (SEC) filing dated Jan. 28, 2026, Paradice Investment Management LLC increased its position in Flowserve by 178,356 shares during the fourth quarter of 2025. The estimated value of this share purchase is $11.46 million, based on the average closing price ove ...

Core Viewpoint - Growth investors are interested in stocks with above-average financial growth, but identifying stocks that can fulfill their potential is challenging due to associated risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score helps in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Flowserve (FLS) is currently recommended due to its favorable Growth Score and top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for attracting investor attention, with double-digit growth being particularly desirable [3] - Flowserve has a historical EPS growth rate of 19.6%, with projected EPS growth of 13.3% this year, surpassing the industry average of 10.2% [4] Group 3: Asset Utilization - The asset utilization ratio, or sales-to-total-assets (S/TA) ratio, indicates how efficiently a company generates sales from its assets [5] - Flowserve's S/TA ratio is 0.83, outperforming the industry average of 0.81, indicating better efficiency [5] Group 4: Sales Growth - Sales growth is another important metric, with Flowserve expected to achieve a 4.6% sales growth this year, compared to the industry average of 4.2% [6] Group 5: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with stock price movements [7] - Flowserve has seen upward revisions in current-year earnings estimates, with a 0.2% increase in the Zacks Consensus Estimate over the past month [8] Group 6: Overall Assessment - Flowserve has a Zacks Rank of 2 and a Growth Score of A, indicating it is a potential outperformer and a solid choice for growth investors [9]

Core Insights - Crane reported exceptional fourth-quarter results for 2025, with adjusted EPS of $1.53, a 21% increase year-over-year, and full-year adjusted EPS growth of 24% compared to 2024, driven by strong performance in aerospace and advanced technologies [2][3][5] Financial Performance - The company achieved a 5.4% growth in core sales for Q4 and a 16% increase in adjusted operating profit, attributed to higher productivity and favorable pricing net of inflation [1][2] - Adjusted free cash conversion reached 102% for the year, indicating strong cash performance [1] - The adjusted operating margin for Process Flow Technologies expanded by 170 basis points to 22%, despite flat sales and softer chemical orders [5][7] Segment Highlights - Aerospace and Advanced Technologies (AAT) saw a 15% increase in Q4 sales to $272 million, with a record backlog exceeding $1 billion, up 25% year-over-year [6][8] - Process Flow Technologies (PFT) reported flat sales of $309 million in Q4, with core sales down 1.5%, but still managed to expand margins due to productivity and pricing [7][8] Acquisitions and Integration - Crane completed multiple acquisitions at the start of 2026, including Reuter-Stokes, Panametrics, Druck, and Optek-Danulat, which are expected to be slightly accretive to earnings in 2026 [4][9][10] - The integration of these businesses is progressing well, with expected cost and growth synergies [10] Leadership Transition - Alex Alcala will become CEO on April 27, 2026, with Max Mitchell transitioning to Executive Chairman [11] 2026 Guidance - Crane provided initial adjusted EPS guidance for 2026 of $6.55 to $6.75, reflecting a change in non-GAAP presentation to exclude acquisition-related intangible amortization [12] - The company anticipates Q1 2026 to be seasonally soft, with earnings weighted 45% to the first half and 55% to the second half of the year [13] Market Outlook - AAT is expected to achieve core sales growth at the high end of the long-term growth assumption of 7% to 9% in 2026, while PFT is projected to have flat to low single-digit core growth due to sluggish orders [16][17] - The nuclear sector is viewed as an increasingly attractive area for growth, particularly following the acquisition of Reuter-Stokes [18]

Summary of Key Points from the Conference Call Industry Overview - The focus is on the energy sector, particularly natural gas and nuclear power, amid a global CAPEX upcycle driven by increasing electricity demand from AI, multi-shoring, and electrification [1][2][3][8]. Core Insights - **Electricity Demand Growth**: Global electricity demand is expected to rise significantly, with projections indicating it will exceed 32% of final energy consumption by 2050, up from 20% in 2023 [8]. - **CAPEX Projections**: A bottom-up analysis estimates a total of US$1,800 billion in global CAPEX from 2025 to 2030, focusing on offshore oil and gas exploration and production (E&P), LNG terminals, and gas-fired and nuclear power plants [2][7]. - **Industry Trends**: Four key trends identified include: 1. Consolidation in the oil and gas EPC and service market, leading to concentration among upstream equipment and parts manufacturers. 2. Outsourcing of production processes by EPC and service providers to suppliers. 3. Demand for higher quality advanced metal parts due to rising applications in deep-sea oil and gas, LNG terminals, and nuclear power plants. 4. Increased global competitiveness of Chinese equipment and parts suppliers [3][7][88]. Investment Opportunities - **Recommended Stocks**: The report initiates coverage on Neway and Develop with Buy ratings, and also recommends Yingliu, Jereh, and Sinoseal as potential beneficiaries of the CAPEX upcycle [1][3][7]. - **Market Mispricing**: The market may be underestimating the investment implications of the current natural gas and nuclear upcycle for China's upstream equipment and component manufacturers [7]. Financial Metrics of Recommended Stocks - **Neway Valve (603699.SH)**: Market cap of US$6.276 billion, expected PE of 22, with 61% overseas sales and a projected EPS CAGR of 28% from 2025 to 2027 [4]. - **Develop (688377.SH)**: Market cap of US$1.126 billion, expected PE of 37, with 62% overseas sales and a projected EPS CAGR of 51% [4]. - **Yingliu (603308.SH)**: Market cap of US$5.317 billion, expected PE of 54, with 47% overseas sales and a projected EPS CAGR of 54% [4]. - **Jereh Oil Field (002353.SZ)**: Market cap of US$12.801 billion, expected PE of 24, with 45% overseas sales and a projected EPS CAGR of 21% [4]. - **Sinoseal (300470.SZ)**: Market cap of US$5.337 billion, expected PE of 31, with 10% overseas sales and a projected EPS CAGR of 33% [4]. Additional Insights - **Natural Gas and Nuclear Power**: Both sectors are expected to benefit from stable electricity generation capabilities, with natural gas producing countries ramping up exploration and production, particularly offshore [2][20]. - **Technological Advancements**: The report highlights advancements in production technology that have significantly lowered the break-even costs for offshore oil E&P, enhancing the attractiveness of investments in this area [36][49]. - **Nuclear Power Renaissance**: There is a noted global renaissance in nuclear fission power, particularly in China, with expectations of accelerated approvals and construction of nuclear projects [65][66]. Conclusion - The energy sector, particularly natural gas and nuclear power, presents substantial investment opportunities driven by increasing electricity demand and significant CAPEX growth. Chinese manufacturers with strong overseas exposure and advanced manufacturing capabilities are well-positioned to benefit from these trends [1][7][8].