Flowserve Corp Announces Analyst Day Transcript - Thomson StreetEvents

Flowserve Corp Announces Analyst Day Transcript

Flowserve Corp Announces Analyst Day Transcript - Thomson StreetEvents
Flowserve Corp Announces Analyst Day Transcript
Published Sep 28, 2023
36 pages (29854 words) — Published Sep 28, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of FLS.N corporate analyst meeting

  
Brief Excerpt:

...(presentation) Good morning, everybody, and welcome to Flowserve's 2023 Analyst Day. It's absolutely terrific to have so many of you with us here in person. And we also appreciate those who are joining us today on our webcast as well. We have a lot of content to cover over the next few hours. So I'm going to be relatively brief this morning. Safety is always the very top priority at Flowserve and whatever we do, and today is certainly no exception. Please review the diagram and locate the nearest stairwell exit to you. The exit on this floor or on the rooftop here is right behind the screen to your right. The St. Regis has assured us this morning that no drills are planned. And so should the alarms go off, please treat it as real and proceed commonly to the stairwell exit, head down the stairs and depart the building on the ground floor. As always, we just want everybody to be safe and prepared. Today's presentation, to no ones surprise will include forward-looking statements and non-GAAP...

  
Report Type:

Transcript

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? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 28, 2023 / 12:00PM, FLS.N - Flowserve Corp Announces Analyst Day

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 Summary – 2023-09-28 – US$ 54.00 – Edited Brief 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 Transcript" Sep 28, 2023. Alacra Store. May 23, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Flowserve-Corp-Announces-Analyst-Day-T15730754>
  
APA:
Thomson StreetEvents. (2023). Flowserve Corp Announces Analyst Day Transcript 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-T15730754>
  
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