The Gabelli Equity Income Fund on Flowserve Corp.
Thesis
Flowserve supplies engineered pumps, seals, and valves to energy, power, water, and industrial markets. Gabelli sees AI data-center buildout and electrification supporting power and nuclear demand, while internal operating improvements are driving higher margins. Management's 2030 targets imply continued organic growth, further margin expansion, and double-digit EPS growth.
“The Company has set 2030 targets of a mid-single-digit organic sales CAGR over the next five years.”