Flowserve Corp Q4 2021 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : I wanted to dig in a little bit more to this 3D strategy. If I look at it, your oil and gas and power kind of exposure is about 50%. Clearly, going after these markets is going to result in higher growth than some of these more traditional markets. Do you have some kind of targets for what the oil and gas and power will shrink to or what these fast-growing markets will grow to over time? Any strategies you're using to accelerate that? And what your thoughts are on making some more transformational moves with acquisitions and divestitures to more focus the business in these areas?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : I guess my follow-up then is going to be on the energy transition pipeline. You talked about tracking $400 million. You said you did $100 million in revenue in 2021. What's a typical win rate for that $400 million that you're tracking? And how do you go about driving that up over time?