Flowserve Corp - FLS STOCK NEWS

Flowserve (NYSE: FLS), a leading flow control products and services provider for global infrastructure markets, has announced its participation in two upcoming investor events.

The first event is the Citi 2025 Global Industrial Tech and Mobility Conference in Miami on February 20th, where the company will participate in investor meetings. The second event is the Gabelli 35th Annual Pump, Valve & Water Systems Symposium in New York City on February 27th, featuring Amy Schwetz, Senior Vice President and Chief Financial Officer. At this event, Schwetz will participate in investor meetings and a fireside chat starting at 11:30 am ET.

Investors and interested parties can access the live fireside chat through Flowserve's Investors Page.

Flowserve (NYSE:FLS), a provider of flow control products and services for global infrastructure markets, has announced it will release its fourth quarter 2024 earnings after the NYSE market close on Tuesday, February 18. The company will hold a conference call to discuss the results on Wednesday, February 19, at 10:00 a.m. Eastern Time. Shareholders and interested parties can access the earnings materials and webcast through Flowserve's Investors page.

Flowserve (NYSE: FLS) has secured a contract to provide Dry Gas Seals and Dry Gas Seal Systems for Abu Dhabi National Oil Company's (ADNOC) carbon capture initiative. The project, in collaboration with Celeros Flow Technology, aims to capture and store 1.5 million tons of CO₂ annually, equivalent to emissions from 326,000 vehicles.

The initiative involves installing two high-pressure injection packages at ADNOC's Habshan gas plant, marking the first-ever continuous supercritical CO₂ pump injection services for enhanced oil recovery. The captured CO₂ will be transported from the Habshan facility to ADNOC's Bab Far North Field Development CO₂ Storage Hub. ADNOC targets increasing its carbon capture capacity to five million tons annually by 2030.

Flowserve (NYSE: FLS) has announced its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on outstanding common stock. The dividend will be paid on January 10, 2025, to shareholders of record as of December 27, 2024. While the company intends to maintain regular quarterly cash dividends, future payments at this rate will be subject to individual review and Board approval.

Flowserve (NYSE: FLS) has announced its participation in several upcoming investor events. The company will host an investor reception in New York City on November 7, featuring CEO Scott Rowe and management team members. On November 13, Rowe will attend the Baird Global Industrial Conference for investor meetings and a fireside chat at 3:30 pm CT. Additional events include Rowe's participation in the UBS Global Industrials and Transportation Conference on December 3, and CFO Amy Schwetz's attendance at the Goldman Sachs Industrials and Materials Conference on December 5. Presentation materials and live streams will be available on Flowserve's Investors Page.

Flowserve (NYSE: FLS) reported strong Q3 2024 results with bookings of $1.20 billion, up 12.7% year-over-year. The company achieved third quarter Reported and Adjusted EPS of $0.44 and $0.62 respectively, both including a $0.07 unfavorable impact from discrete charges. Notable highlights include power bookings increasing nearly 30% with over $100 million in nuclear awards, and adjusted gross and operating margins of 32.4% and 11.1%. Operating cash flow grew 121% to $178 million. The company maintained its 2024 adjusted EPS guidance range of $2.60-$2.75, while lowering reported EPS guidance to $2.15-$2.35.

Flowserve (NYSE:FLS), a leading provider of flow control products and services for global infrastructure markets, has announced its schedule for releasing third quarter 2024 financial results. The company plans to disclose its results after the New York Stock Exchange (NYSE) closes on Monday, October 28. Following this, Flowserve will host a conference call with the financial community on Tuesday, October 29, at 10 a.m. Eastern time.

The call will feature presentations by Scott Rowe, President and Chief Executive Officer, along with other members of the management team. Shareholders and interested parties can access the earnings materials and webcast of the conference call through Flowserve's Investors page on their website.

Flowserve (NYSE: FLS) has completed the acquisition of MOGAS Industries, strengthening its position in severe service valves and aftermarket services. The transaction, valued at approximately $305 million including potential earnout, was funded with cash. This acquisition aligns with Flowserve's 3D strategy, enhancing its valve aftermarket business and expanding its presence in mission-critical severe service valves.

The integration of MOGAS into Flowserve's Flow Control Division segment is expected to bolster the company's portfolio in key growth sectors such as mining, mineral extraction, and process industries. Flowserve aims to leverage its industry-leading scale to expand MOGAS' severe service portfolio and aftermarket services globally, capitalizing on MOGAS' large installed base.

Flowserve (NYSE: FLS), a leading provider of flow control products and services for global infrastructure markets, has announced a quarterly cash dividend of $0.21 per share on its outstanding common stock. The dividend is payable on October 11, 2024, to shareholders of record as of the close of business on September 27, 2024. While Flowserve intends to continue paying regular quarterly cash dividends, future dividends at this rate or otherwise will be reviewed individually and declared by the Board of Directors at its discretion.