Interim CFO Masson Joins Fermi; Flowserve Q1 Net Income of $81.7M
Fermi Inc. has appointed Rob L. Masson II as interim CFO to professionalize its financial leadership and support its 11-GW Project Matador AI power campus under the ‘Fermi 2.0’ growth strategy. Flowserve reported Q1 net income of $81.7 million with adjusted earnings of $0.85 per share on $1.07 billion revenue, missing revenue forecasts.
1. Interim CFO Appointment
Fermi Inc. named Rob L. Masson II as interim CFO to support its transition from startup to large-scale enterprise under the Fermi 2.0 strategy. Masson brings public-company CFO, board and capital strategy experience from roles at Noble Supply & Logistics, Latham Group, Hypertherm, Flowserve and Raytheon Technologies.
2. First-Quarter Financial Results
Flowserve reported Q1 net income of $81.7 million, or $0.64 per share, and adjusted earnings of $0.85 per share on $1.07 billion in revenue, missing consensus revenue forecasts. The company maintains full-year EPS guidance of $4.00 to $4.20 per share.