FLSmidth & Co AS (FLIDY) (Q3 2026) Earnings Call Highlights: Order Intake Surges 36%
FLSmidth reported a 36% surge in order intake for Q3 2026, though organic revenue growth was slightly below last year. The company narrowed its full-year revenue growth guidance to 1%-3% and expects product revenue to decline by -9% to -13%. Large orders are described as 'lumpy,' with revenue potentially realized as late as 2029-2030. Net working capital has doubled year-over-year and is expected to remain high into 2027.
