Global X U.S. Cash Flow Kings 100 ETF - FLOW STOCK NEWS

SPX FLOW, Inc. has integrated its mixing solutions portfolio, enhancing offerings for customers in various industries. This integration combines renowned brands like Lightnin, Plenty, Stelzer, Uutechnic, and Philadelphia Mixing Solutions, providing easier access to advanced mixing expertise. Key benefits include a wider array of solutions, improved geographical support with more service centers, and a dedicated aftermarket organization. SPX FLOW aims to deliver enhanced support and innovation, serving over 10,000 customers globally.

Gogo Inc. (GOGO) will be included in the S&P SmallCap 600 Index effective April 8, 2022, following the acquisition of SPX FLOW Inc. (FLOW) by Lone Star Funds. This index addition represents a significant change in the index composition, with Gogo replacing SPX FLOW, which will be removed from the index. Being part of the S&P SmallCap 600 can enhance Gogo's visibility and attract more investment interest, potentially impacting its stock performance positively.

SPX FLOW, Inc. (NYSE: FLOW) announced that its PCM Combination Dryer is gaining traction in POSCO Group facilities in South Korea, significantly reducing energy usage by 83%. This innovative technology, recognized by the Jang Yeong-sil Award in 2018, is pivotal in helping POSCO achieve its carbon-neutral goal by 2050. The dryer enhances air quality while extending equipment lifespan, eliminating the need for additional air dryers. SPX FLOW aims to leverage its partnership with POSCO for further advancements in energy efficiency and sustainability.

SPX FLOW, Inc. (NYSE: FLOW) announced that its stockholders have approved the merger with Redwood Star Merger Sub, Inc., a subsidiary of LSF11 Redwood Acquisitions, LLC, an affiliate of Lone Star Funds. The merger, facilitated by an Agreement and Plan of Merger dated December 12, 2021, is expected to close in Q2 2022 following the satisfaction of remaining conditions. SPX FLOW's CEO expressed gratitude for stockholder support, highlighting the transaction as a means to provide immediate stockholder value and ensure reliable outcomes for customers.

SPX FLOW, Inc. (NYSE:FLOW) reported solid demand in Q4 2021, with orders up 3% organically and a record year-end backlog of $610 million, reflecting a 7.5% organic increase year-over-year. While revenue declined 4% organically due to timing issues, the adjusted EBITDA margin improved to 13.8%, a rise of 210 basis points year-over-year. However, the company faced supply chain disruptions, which delayed $14 million in revenue and impacted EBITDA by $7 million. The company's merger agreement with Lone Star Funds at $86.50 per share is expected to close in H1 2022, pending regulatory approvals.

SPX FLOW, Inc. (NYSE: FLOW) has launched the Homogenizer Water Recycling System (HWRS), which can recycle up to 97% of the water used by homogenizers. This system has the potential to save up to 2 million gallons of water annually and meets the drinking water standards of the Pasteurized Milk Ordinance. The HWRS is compact, easy to retrofit, and compatible with homogenizers from any manufacturer. With sustainability at its core, SPX FLOW underscores its commitment to developing innovative solutions in response to rising water costs and scarcity.

SPX FLOW, Inc. (NYSE: FLOW) has announced an agreement to be acquired by an affiliate of Lone Star Funds in an all-cash deal valued at $3.8 billion, including debt assumption. This purchase represents a 40% premium over FLOW's closing stock price prior to a July 2021 unsolicited offer. The transaction, approved by the SPX FLOW Board, is expected to close in H1 2022, pending regulatory approvals and shareholder consent. Following the acquisition, SPX FLOW will become privately held and suspend dividend payments. Advisors include Morgan Stanley and Citi.

SPX FLOW, Inc. (NYSE: FLOW) has appointed Jeremy Sharkey as the new site leader for its Rochester, N.Y. facilities. Sharkey brings extensive experience from managing plants at companies like Rotork Controls and Thermo Fisher Scientific. His leadership is expected to enhance production of industrial mixers used across various sectors, including food, pharmaceuticals, and mining. SPX FLOW, which reported approximately $1.4 billion in revenue in 2020, operates two facilities in Rochester and employs 270 staff. Sharkey’s local ties are seen as a benefit for the community.