On Tuesday, September 13th, after market close, FLS issued a profit warning for the company's upcoming Q3. As a result of that warning and the decline in FLS share prices since Antrim's initiation, we have decided to discontinue our research coverage of the name. Please use the following link to find Antrim's final thoughts on Flowserve and the company's recent announcement.
Please use the following link to download our report with updated thoughts on names under our coverage: AOS, CPA, ROL, FLS, and TRN.
Attached please find the results of our recent diligence conversations, as well as any of Antrim's reactions to earnings which did not merit a standalone report.
Because our Flowserve initiation was shorter than our normal full-length initiation reports, we have chosen to follow that up with a brief exposition of some of our additional thoughts on the name, and some additional detail that was absent from our write up dated September 27, 2021.