Earnings Call Summary | Flowserve(FLS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Flowserve(FLS.US) Q1 2024 Earnings Conference
The following is a summary of the Flowserve Corporation (FLS) Q1 2024 Earnings Call Transcript:
以下是Flowserve Corporation（FLS）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Flowserve reported Q1 revenue of almost $1.1 billion, an 11% increase year-over-year.
Adjusted gross margin exceeded expectations at 31.7%.
Adjusted operating income margin improved by 260 basis points year-over-year, reaching 10.9%.
Adjusted earnings per share of $0.58 reflect an increase of 45% from Q1 of 2023.
Full-year adjusted EPS guidance range uplifted to $2.50 to $2.70, indicating a near 24% increase year-over-year at the midpoint.
Company reported a record Q1 operating cash flow of $62 million.
Flowserve報告稱，第一季度收入接近11億美元，同比增長11％。
調整後的毛利率超出預期，爲31.7％。
調整後的營業收入利潤率同比提高260個點子，達到10.9％。
調整後的每股收益爲0.58美元，較2023年第一季度增長了45％。
全年調整後的每股收益指導區間上調至2.50美元至2.70美元，表明中點同比增長近24％。
該公司報告了創紀錄的第一季度運營現金流6200萬美元。
Business Progress:
業務進展：
Over 1,100 associates trained as part of the operational excellence program.
Bookings in Q1 close to $1.04 billion across all industries.
Two large project awards in April exceeding $150 million to support the aggressive capital build-out in Saudi Arabia.
Plans to capitalize on anticipated growth related to capacity expansion and new generation in the power sector.
The forecasted full-year book-to-bill ratio for 2024 to exceed 1.0.
Company is focusing more on specialty chemical, water, and new energy technologies like hydrogen.
Achieved record-breaking free cash flow for the quarter and improved working capital with a target of hitting 25-27% as a percentage of sales.
Flowserve achieved growth and healthy margins in projects using a selective bidding process.
The company is well-prepared for growth in the European markets and sees its participation in decarbonization and energy security as the start of a multi-year up cycle.
New initiatives, like power projects in Europe and the Americas, expected to fuel growth.
Portfolio optimization ongoing to diversify offerings and align with the decarbonization trend in the markets.
Plans to consolidate operations as part of operational excellence program.
Investment optimism expressed for long-term prospects in Asia Pacific, especially in China.
Company aims to maintain a balanced growth profile between OE and aftermarket while being selective in large OE projects.
作爲卓越運營計劃的一部分，超過1,100名員工接受了培訓。
第一季度所有行業的預訂量接近10.4億美元。
4月份有兩個超過1.5億美元的大型項目獎勵，以支持沙特阿拉伯的積極資本建設。
計劃利用與電力行業產能擴張和新一代發電相關的預期增長。
預計2024年的全年賬面賬單比率將超過1.0。
公司更多地關注特種化學品、水和氫氣等新能源技術。
本季度實現了創紀錄的自由現金流，改善了營運資金，目標是佔銷售額的25-27％。
Flowserve通過選擇性競標流程實現了項目的增長和可觀的利潤。
該公司已爲歐洲市場的增長做好了充分的準備，並將其參與脫碳和能源安全視爲多年上升週期的開始。
歐洲和美洲的電力項目等新舉措有望推動增長。
正在進行投資組合優化，以實現產品多樣化並與市場的脫碳趨勢保持一致。
計劃整合運營作爲卓越運營計劃的一部分。
投資對亞太地區，尤其是中國的長期前景表示樂觀。
公司的目標是保持原廠和售後市場之間的平衡增長格局，同時在大型原廠項目中保持選擇性。
More details: Flowserve IR
更多詳情： Flowserve
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。