Eric Look's questions to Flowserve Corp (FLS) leadership • Q3 2024
Question
Eric Look of Mizuho asked for more detail on the challenges in the chemical end market and when a rebound might be expected.
Answer
CEO Scott Rowe confirmed the chemical market is challenged, especially in Europe and the U.S., due to oversupply. He identified opportunities in helping customers with recyclable feedstocks and efficiency improvements via RedRaven. He anticipates future growth will be driven by capacity expansion in the Middle East, beginning in 2025 and beyond.