Flowserve Acquires MOGAS Industries & Enhances Product Portfolio

Zacks10-17

Flowserve Corporation FLS recently completed its previously announced acquisition of MOGAS Industries for $305 million, which includes the potential earnout. The company funded the transaction through...

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The company funded the transaction through...</p>\n\n<a href=\"https://finance.yahoo.com/news/flowserve-acquires-mogas-industries-enhances-123400473.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Flowserve Acquires MOGAS Industries & Enhances Product Portfolio</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlowserve Acquires MOGAS Industries & Enhances Product Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-17 20:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/flowserve-acquires-mogas-industries-enhances-123400473.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Flowserve Corporation FLS recently completed its previously announced acquisition of MOGAS Industries for $305 million, which includes the potential earnout. The company funded the transaction through...</p>\n\n<a href=\"https://finance.yahoo.com/news/flowserve-acquires-mogas-industries-enhances-123400473.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/flowserve-acquires-mogas-industries-enhances-123400473.html","article_id":"2476179510","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476179510","pubTimestamp":1729168440,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Flowserve Corporation FLS recently completed its previously announced acquisition of MOGAS Industries for $305 million, which includes the potential earnout. The company funded the transaction through its cash balance.Based in Houston, TX, MOGAS is engaged in providing mission-critical severe service valves and related aftermarket services. The company’s products are sold to several end markets, including power, mining and process industries. It has an extensive geographic presence with sales and service offices in Europe, Canada, South America, Australia, China, India and the Middle East.Other top-ranked companies from the same space are discussed below.Nordson Corporation NDSN currently carries a Zacks Rank #2 . You can see the complete list of today’s Zacks #1 Rank stocks here.NDSN delivered a trailing four-quarter average earnings surprise of 4.1%. In the past 60 days, the Zacks Consensus Estimate for Nordson’s fiscal 2024 earnings has increased 0.3%.Crane Company CR presently carr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4588":"碎股","NDSN":"Nordson Corporation","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","CR":"crane","BK4580":"工业 4.0","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4161":"工业机械","PH":"汉尼汾","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","FLS":"福斯"},"translate_title":"福斯收购MOGAS Industries并增强产品组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDSN":1,"CR":1,"FLS":1,"PH":0.9},"content_text":"Flowserve Corporation FLS recently completed its previously announced acquisition of MOGAS Industries for $305 million, which includes the potential earnout. The company funded the transaction through its cash balance.Based in Houston, TX, MOGAS is engaged in providing mission-critical severe service valves and related aftermarket services. The company’s products are sold to several end markets, including power, mining and process industries. It has an extensive geographic presence with sales and service offices in Europe, Canada, South America, Australia, China, India and the Middle East.\nAcquisition Rationale\nThe latest buyout decision is in sync with Flowserve’s policy of acquiring businesses to strengthen its business and product portfolio. The company will incorporate MOGAS into its Flow Control Division segment, which manufactures valves, valve automation products, boiler controls and solutions.The addition of MOGAS’ differentiated valve products and technical expertise in diverse end markets will allow Flowserve to strengthen its foothold in mining, mineral extraction and process industries. The buyout will augment the company’s existing valve and automation product portfolio and accelerate its 3D growth strategy by significantly boosting its direct mining and mineral extraction exposure.The acquisition will likely boost FLS’ aftermarket potential and generate revenue growth synergies. The company expects the transaction to be accretive to its adjusted earnings per share in the first full year of closing.\nFLS Stock’s Zacks Rank & Price Performance\nFlowserve, with approximately $7.2 billion market capitalization, currently sports a Zacks Rank #1 (Strong Buy).The company is set to gain from strong momentum in the Pump Division and Flow Control Division segments. Strength in the aftermarket and original equipment businesses, driven by an increase in demand for products and services in North America, Europe, the Middle East and Latin America, is a prime catalyst for the Pumps Division segment’s growth. An increase in original equipment sales in the Middle East, North America, Asia Pacific and Europe regions is supporting the Flow Control Division segment’s performance.\nImage Source: Zacks Investment Research\nIn the past year, the company’s shares have gained 38.3% compared with the industry’s 29.1% growth.The Zacks Consensus Estimate for earnings is pegged at $2.77 per share for 2024, indicating an increase of 1.1% from the 60-day-ago figure.\nOther Key Picks\nOther top-ranked companies from the same space are discussed below.Nordson Corporation NDSN currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.NDSN delivered a trailing four-quarter average earnings surprise of 4.1%. In the past 60 days, the Zacks Consensus Estimate for Nordson’s fiscal 2024 earnings has increased 0.3%.Crane Company CR presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.In the past 60 days, the Zacks Consensus Estimate for CR’s 2024 earnings has increased 0.6%.Parker-Hannifin Corporation PH currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.In the past 60 days, the consensus estimate for Parker-Hannifin’s fiscal 2025 (ending June 2025) earnings has increased 0.3%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nParker-Hannifin Corporation (PH) : Free Stock Analysis Report\nFlowserve Corporation (FLS) : Free Stock Analysis Report\nNordson Corporation (NDSN) : Free Stock Analysis Report\nCrane Company (CR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476179510"}