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Gabelli, in its Q2 2026 investor letter, expressed optimism about the growth prospects of industrial stock Flowserve (FLS), projecting a mid-single-digit compound annual growth rate for organic sales and an adjusted operating margin of 20% by 2030.
Gabelli noted Flowserve's strong growth momentum in the power and nuclear markets, driven by AI data center construction and electrification trends. The company has achieved its 2027 adjusted operating margin target of 16.8% two years ahead of schedule and has set a goal for double-digit adjusted EPS CAGR by 2030. Flowserve Corp. (NYSE:FLS) closed at approximately $77.74 on September 3.
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