The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Flowserve (NYSE: FLS) and the rest of the gas and liquid handling stocks fared in Q4.
Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.
The 12 gas and liquid handling stocks we track reported a slower Q4. As a group, revenues missed analysts’ consensus estimates by 1%.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.5% since the latest earnings results.
Flowserve (NYSE: FLS)
Manufacturing the largest pump ever built for nuclear power generation, Flowserve (NYSE: FLS) manufactures and sells flow control equipment for various industries.
Flowserve reported revenues of $1.18 billion, up 1.3% year on year. This print fell short of analysts’ expectations by 1.7%. Overall, it was a slower quarter for the company with a significant miss of analysts’ EPS estimates and full-year EPS guidance slightly missing analysts’ expectations.
“We made significant progress throughout 2024, launching the Flowserve Business System and leveraging our 3D strategy to drive solid top-line growth, expand margins, increase adjusted earnings, and deliver strong cash flow,” said Scott Rowe, Flowserve’s President and Chief Executive Officer.
The stock is down 23.9% since reporting and currently trades at $47.99.
Read our full report on Flowserve here, it’s free.
Best Q4: SPX Technologies (NYSE: SPXC)
SPX Technologies (NYSE: SPXC) is an industrial conglomerate catering to the energy, manufacturing, automotive, and aerospace sectors.
SPX Technologies reported revenues of $533.7 million, up 13.7% year on year, in line with analysts’ expectations. The business had a very strong quarter with an impressive beat of analysts’ EBITDA and organic revenue estimates.
SPX Technologies achieved the fastest revenue growth among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 1.8% since reporting. It currently trades at $134.
Is now the time to buy SPX Technologies? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Graco (NYSE: GGG)
Founded in 1926, Graco (NYSE: GGG) is an industrial company specializing in the development and manufacturing of fluid-handling systems and products.
Graco reported revenues of $548.7 million, down 3.2% year on year, falling short of analysts’ expectations by 1.4%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.
The stock is flat since the results and currently trades at $86.83.
Read our full analysis of Graco’s results here.
Standex (NYSE: SXI)
Holding over 500 patents globally, Standex (NYSE: SXI) is a manufacturer and distributor of industrial components for various sectors.
Standex reported revenues of $189.8 million, up 6.4% year on year. This result beat analysts’ expectations by 0.5%. Aside from that, it was a satisfactory quarter as it also logged a solid beat of analysts’ EPS estimates but a miss of analysts’ EBITDA estimates.
The stock is flat since reporting and currently trades at $185.58.
Read our full, actionable report on Standex here, it’s free.
Parker-Hannifin (NYSE: PH)
Founded in 1917, Parker Hannifin (NYSE: PH) is a manufacturer of motion and control systems for a wide variety of mobile, industrial and aerospace markets.
Parker-Hannifin reported revenues of $4.74 billion, down 1.6% year on year. This print came in 1.1% below analysts' expectations. It was a slower quarter as it also produced a significant miss of analysts’ adjusted operating income estimates.
The stock is down 8.9% since reporting and currently trades at $605.98.
Read our full, actionable report on Parker-Hannifin here, it’s free.
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