Flowserve Corp Announces Analyst Day Summary - Thomson StreetEvents

Flowserve Corp Announces Analyst Day Summary

Flowserve Corp Announces Analyst Day Summary - Thomson StreetEvents
Flowserve Corp Announces Analyst Day Summary
Published Sep 28, 2023
24 pages (15345 words) — Published Sep 28, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of FLS.N corporate analyst meeting

  
Brief Excerpt:

...A. We believe we are well positioned for growth as our core markets have a positive outlook in infrastructure spending has increased globally. B. We operate in over 50 countries, with a broad footprint, and we have more than 5 million assets deployed in operating around the world. C. Our revenue is around $4 billion with growth this year between 16% and 18% compared to 2022. D. We are unique because we provide critical flow control equipment and pumps, valves and mechanical seals, and roughly 85% of our revenues are generated from providing equipment and services to existing infrastructure rather than greenfield or new projects. E. We operated with more than 50 P&Ls around the world. F. We launched Flowserve 2.0 in 2018 to fundamentally change the way we work and operate. G. We have closed or consolidated over 25% of our manufacturing roofline. H. So we went to market last year with cost targets to continue to move our cost structure down. I. We created 7 business units under the 2 divisions...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Flowserve Corp
Ticker
FLS.N
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Nathan Jones, Stifel. I just wanted to follow up on a couple of the comments about the oil and gas margin and the pricing that you talked about there, Scott, and Lucas talked about overcapacity in the industry. And this has been a problem I think, in the industry and for the company for a long time. And you talked about you're not going to get pricing to where you saw it in 2014. In 2014, we were talking about not getting pricing that we had in 2008. So I guess the first question is, how do you get comfortable that you're not going to see further degradation in pricing in that business as we go forward?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Okay. I guess my follow-up is going to be on the 2024 framework. Flowserve always lags the economic cycle. Strong backlog, good orders, improving supply chains. I would have thought 2024 growth would maybe be a little bit better than average. The 100 basis points margin expansion you've got, some cost savings from the $50 million that you've generated this year rolling over. So maybe I would have expected you to be a little on the higher end of the range there. You need 125 basis points a year to get to the midpoint of the range. Maybe there's been a bit of a change in philosophy here over the last couple of years for Flowserve giving guidance of maybe just promising what you know you can deliver in 2024. I think that was probably the attitude in 2023. So just any commentary on the philosophy there and...

Table Of Contents

Flowserve Corp at Robert W Baird Global Industrial Conference Summary – 2023-11-09 – US$ 54.00 – Edited Brief of FLS.N presentation 9-Nov-23 4:50pm GMT

Flowserve Corp at Robert W Baird Global Industrial Conference Transcript – 2023-11-09 – US$ 54.00 – Edited Transcript of FLS.N presentation 9-Nov-23 4:50pm GMT

Flowserve Corp Q3 2023 Earnings Call Summary – 2023-10-26 – US$ 54.00 – Edited Brief of FLS.N earnings conference call or presentation 26-Oct-23 3:00pm GMT

Flowserve Corp Q3 2023 Earnings Call Transcript – 2023-10-26 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 26-Oct-23 3:00pm GMT

Flowserve Corp Announces Analyst Day Transcript – 2023-09-28 – US$ 54.00 – Edited Transcript of FLS.N corporate analyst meeting</ 28-Sep-23 12:00pm GMT

Flowserve Corp Q2 2023 Earnings Call Summary – 2023-08-02 – US$ 54.00 – Edited Brief of FLS.N earnings conference call or presentation 2-Aug-23 3:00pm GMT

Flowserve Corp Q2 2023 Earnings Call Transcript – 2023-08-02 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 2-Aug-23 3:00pm GMT

Flowserve Corp at Stifel Cross Sector Insight Conference Summary – 2023-06-07 – US$ 54.00 – Edited Brief of FLS.N presentation 7-Jun-23 7:35pm GMT

Flowserve Corp at Stifel Cross Sector Insight Conference Transcript – 2023-06-07 – US$ 54.00 – Edited Transcript of FLS.N presentation 7-Jun-23 7:35pm GMT

Flowserve Corp at TD Cowen Sustainability Conference (Virtual) Summary – 2023-06-06 – US$ 54.00 – Edited Brief of FLS.N presentation 6-Jun-23 2:55pm GMT

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MLA:
Thomson StreetEvents. "Flowserve Corp Announces Analyst Day Summary" Sep 28, 2023. Alacra Store. May 23, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Flowserve-Corp-Announces-Analyst-Day-B15730754>
  
APA:
Thomson StreetEvents. (2023). Flowserve Corp Announces Analyst Day Summary Sep 28, 2023. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Flowserve-Corp-Announces-Analyst-Day-B15730754>
  
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