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

SPX FLOW, Inc. (NYSE: FLOW) announced the rejection of an unsolicited acquisition proposal from Ingersoll Rand Inc. (NYSE: IR) for $85.00 per share, determined to undervalue the company's growth potential. The Board of Directors evaluated the proposal with advisors and concluded it was not in the best interests of shareholders. SPX FLOW remains committed to executing its strategic plan aimed at delivering higher shareholder value and will provide updates during its Q2 2021 financial call on August 4, 2021.

SPX FLOW, Inc. (NYSE: FLOW) has released its first Environmental Social and Governance (ESG) report titled 'Solutions that Matter.' This report details the company's commitment to sustainability and operational efficiency across its global manufacturing sites. Key highlights include a 50% reduction in safety incidents, a goal of 20% annual reduction in total recordable incident rates, and innovative solutions like energy savings of up to 85% for customers. The report also emphasizes community engagement during COVID-19 and the establishment of employee resource groups to foster diversity and belonging.

SPX FLOW, Inc. (NYSE: FLOW) has introduced the APV Pilot 4T Homogenizer, designed for versatility in recipe testing. This compact unit helps users transition from laboratory tests to small-scale production, particularly benefitting food and beverage producers demanding enhanced nutritional products. The homogenizer features variable speed control, compact design, and plug-and-play technology, ensuring reliability and scalability. Initial testing by International Flavors & Fragrances has shown its ability to handle abrasive ingredients with reduced maintenance needs.

SPX FLOW, Inc. (NYSE: FLOW) has declared a quarterly dividend of $0.09 per share on June 17, 2021. This dividend is scheduled for payment on July 14, 2021 to stockholders on record as of June 30, 2021. The company reported approximately $1.4 billion in annual revenues for 2020 and operates in over 30 countries, selling to more than 140 countries globally. This announcement reflects SPX FLOW's commitment to providing returns to its shareholders while maintaining a strong revenue position in the process solutions market.

SPX FLOW, Inc. (NYSE: FLOW) will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 8:40 a.m. Eastern time. CEO Marc Michael and CFO Jaime Easley will host a fireside chat. A live audio webcast will be accessible in the Investor Relations section of SPX FLOW's website, with a replay available for 90 days. SPX FLOW, based in Charlotte, N.C., reported approximately $1.4 billion in annual revenues for 2020 and operates in over 30 countries.

On May 12, 2021, SPX FLOW (NYSE: FLOW) announced the completion of its $65 million acquisition of Philadelphia Mixing Solutions from Thunder Basin Corporation. This strategic acquisition enhances SPX FLOW's portfolio in mixing solutions, positioning the company for growth in multiple sectors including chemical and pharmaceutical industries. Philadelphia Mixing Solutions, based in Palmyra, Pennsylvania, generated nearly $50 million in revenue in 2020 and boasts over 60 years of industry experience. This move aligns with SPX FLOW’s goal of expanding its innovative process solutions.

SPX FLOW, Inc. (NYSE: FLOW) announced a new tagline, "Solutions in the Making", to reflect its strategic focus on providing process solutions for vital markets, including nutrition and health. The company has been operational throughout the COVID-19 pandemic, assisting in the production of essential goods. SPX FLOW recently signed an agreement to acquire Philadelphia Mixing Solutions, marking its third acquisition since August 2020. This evolution underscores the company's commitment to teamwork and innovation, enhancing its identity as a provider of sustainable solutions.

SPX FLOW, Inc. (NYSE: FLOW) reported strong first-quarter results for the period ended April 3, 2021, with revenues of $363.8 million, a 25.7% increase year-over-year. The company raised its full-year organic growth expectations to the high end of low-single to mid-single digits, highlighting a focus on profitable growth and strategic acquisitions. Notable achievements include a significant increase in segment income to $50.0 million, up 73.6% from the previous year, and a gross margin improvement of approximately 40 basis points. SPX FLOW also marks its first dividend announcement and ongoing share repurchase program.

SPX FLOW (NYSE: FLOW) announced a definitive agreement to acquire Philadelphia Mixing Solutions for $65 million in cash. The acquisition, expected to close in Q2 2021, aims to enhance SPX FLOW's position in the mixing solutions market. Philadelphia Mixing Solutions, based in Pennsylvania, generated nearly $50 million in revenue in 2020 and brings over six decades of industry experience. This strategic move aligns with SPX FLOW's growth priorities and will create new synergies, expanding its market presence in sectors like chemical, pharmaceutical, and nutrition.