Flowserve Corporation (NYSE:FLS) Jefferies 2025 Industrials Conference September 4, 2025 2:10 PM EDT
Company Participants
Amy Schwetz – Senior VP & CFO
Conference Call Participants
Saree Boroditsky – Jefferies LLC, Research Division
Presentation
Saree Boroditsky
Equity Analyst
Good afternoon. I’m Saree Boroditsky, cover multi-industrial here at Jefferies. We’re very excited to have Amy, CFO of Flowserve with us today.
The company is on a transformational journey as part of the Flowserve Business System with a focus on expanding margins and driving profitable growth. Global demand remains strong as the company is levered to secular growth drivers within energy and power. So lots to talk about today. So thank you so much for joining us.
Amy Schwetz
Senior VP & CFO
Yes. Thanks for having us.
Question-and-Answer Session
Saree Boroditsky
Jefferies LLC, Research Division
So let’s just get started with the demand outlook. You have delivered 5 consecutive quarters of aftermarket bookings above $600 million. You mentioned continued aftermarket capture. So could you just expand on what you’re seeing from customer demand and what you’re doing to maybe drive outperformance?
Amy Schwetz
Senior VP & CFO
Yes. So aftermarket is an area of the business that is very exciting to us. I think it’s one of the things that truly makes Flowserve differentiated in the market. So about 50%, a little bit more than that actually is driven by a pretty resilient aftermarket revenue franchise.
We have had very strong bookings over the last several quarters at $600 million or more. It’s been very resilient so far. And so I think one of the probably misunderstood things about Flowserve overall versus where we were at maybe 10 or 12 years ago is the type of work that we’re doing in the energy or oil and gas end market. And so it’s really very focused on
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