Flowserve Corp (NYSE:FLS)

$ 49.51 0.65 (1.33%) Market Cap: 6.52 Bil Enterprise Value: 7.38 Bil PE Ratio: 27.97 PB Ratio: 3.33 GF Score: 80/100

Flowserve Corp at Stifel Cross Sector Insight Conference (Virtual) Transcript

Jun 08, 2020 / 08:00PM GMT

Release Date Price: $33.63 (+6.46%)

Transcript

Nathan Hardie Jones

Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

Good afternoon, everybody. This is Nathan Jones with Stifel. Welcome to the Flowserve fireside chat. And I'm very pleased to have Scott Rowe and Amy Schwetz, CEO and CFO, with us today. I think we have Jay Roueche on the line as well.

(Operator Instructions) I will jump in first.

Questions & Answers

Nathan Hardie Jones

Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

Scott, you've been involved in energy markets for quite some time. I'd like to start just with a few high-level questions on how you view this downturn relative to others you've been through. I understand Flowserve has limited exposure directly to upstream, and what there is, is mostly offshore, but oil money does lubricate a lot of the businesses that you're in.

So this one clearly has some different attributes. We already had a supply-side issue with the rise of unconventional oil supplies, particularly U.S. shale. And then we've seen unprecedented

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