Flowserve Provides FY27 Outlook, Treads On Achieving 3D Growth Strategy
Portfolio Pulse from Lekha Gupta
Flowserve Corp (FLS) has provided preliminary FY24 guidance and FY27 outlook at its investor day. For FY23, the company reiterated revenue growth of 16.0% to 18.0%, adjusted EPS of $1.85 - $2.00, and capital expenditure of $75 million - $85 million. For FY24, it projects revenue growth in mid-single-digit percentages, adjusted operating margins in low-double digits, and adjusted EPS growth of over 20%-25% Y/Y. For FY27, Flowserve guided revenue CAGR of +5% to over $5.0 billion, adjusted operating margins of 14%-16%, and adjusted EPS of over $4.00. The company's cash and cash equivalents stood at $422.8 million as of June 30.
September 28, 2023 | 4:54 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Flowserve Corp (FLS) has provided its FY24 guidance and FY27 outlook, projecting significant growth in revenue, adjusted operating margins, and adjusted EPS. This could potentially impact the company's stock positively in the short term.
Flowserve Corp's projected growth in revenue, adjusted operating margins, and adjusted EPS for FY24 and FY27 indicates a positive outlook for the company's financial performance. This could potentially attract investors, leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100