Welcome to our dedicated page for Flowserve news (Ticker: FLS), a resource for investors and traders seeking the latest updates and insights on Flowserve stock.
Flowserve Corporation (NYSE: FLS) is a global leader in the design, manufacturing, and aftermarket servicing of comprehensive flow control systems. With over 19,000 employees spread across more than 60 countries, Flowserve leverages a rich heritage of over 220 years, built upon 50 world-renowned brands. This firm commitment has earned Flowserve a solid foundation of customer loyalty and equity around the world.
Flowserve's innovative solutions serve a myriad of industries, including oil and gas, power generation, chemical processing, water management, pharmaceuticals, and food processing. The company's extensive product range includes pumps, valves, seals, and services aimed at addressing complex flow control challenges. This makes Flowserve a pioneer in the development and application of advanced solutions to meet its clients' evolving needs.
The corporation is dedicated to providing precision-engineered equipment that ensures the efficient movement and protection of customer materials and processes. Notably, Flowserve operates a network of Quick Response Centers designed to offer aftermarket services such as installation, diagnostics, repair, and retrofitting. These centers play a crucial role in maintaining the operational efficiency and longevity of the equipment used in various industries.
Flowserve's financial health is robust, with significant revenue contributions from North America and Europe. The company's strategic partnerships and strong focus on R&D have enabled it to stay at the forefront of industry innovations. Recent accomplishments include advancements in sustainable practices and new product launches tailored to meet the increasing demand for eco-friendly solutions.
In summary, Flowserve Corporation stands out as a key player in the global market for flow control systems. Its dedication to quality, innovation, and customer satisfaction continues to drive its success and industry leadership.
Flowserve Corporation (NYSE: FLS) has declared a quarterly cash dividend of $0.20 per share on its common stock, payable on January 14, 2022, to shareholders on record as of December 30, 2021. The company aims to maintain regular dividends in the future; however, dividends will be reviewed and declared at the Board's discretion. This announcement reflects Flowserve's commitment to providing returns to shareholders amid ongoing operational challenges and market uncertainties.
Flowserve Corporation (NYSE: FLS) will have its CEO, Scott Rowe, present at the 9th Annual Credit Suisse Industrial Conference on December 2, 2021, at 8:10 a.m. EST. The presentation will be available via a webcast for shareholders and interested parties on the company's Investor Relations page. Flowserve is a leading provider of fluid motion and control products, operating in over 55 countries and specializing in pumps, seals, valves, and flow management services. Further details can be accessed on their website.
Flowserve Corporation (NYSE: FLS) announced that Amy Schwetz, CFO, will present at the Baird 2021 Global Industrial Conference on November 9, 2021, from 12:25 to 12:55 p.m. EST. The event will be held virtually, and a webcast will be available on the company's investor relations page at www.flowserve.com.
Flowserve is a global leader in fluid motion and control products, offering services across over 55 countries, including engineered and industrial pumps, seals, and valves.
Flowserve Corporation (NYSE: FLS) has expanded its RedRaven industrial IoT service suite to include valve-specific capabilities, enhancing monitoring of flow control systems. This upgrade allows companies to proactively track valve health, reducing downtime by alerting users to performance deviations. The RedRaven system is manufacturer agnostic, facilitating compatibility with existing infrastructure at lower costs. This development aims to improve operational efficiency and support sustainability goals through better energy management and increased uptime.
Flowserve Corporation (NYSE: FLS) reported Q3 2021 earnings with an EPS of $0.38 and adjusted EPS of $0.29, impacted by supply chain challenges that deferred $60 million in revenue. Total bookings rose 13.1% year-over-year to $912 million, while backlog increased 6.2% to $1.97 billion. Sales dropped 6.3% to $866.1 million. The company revised its full-year guidance, lowering revenue expectations to a decline of 3.5% to 4.5%. Operating cash flow surged over 32% year-to-date to $151 million. CEO Scott Rowe emphasized improving project visibility and opportunities in energy transition projects.
Flowserve Corporation (NYSE: FLS) has announced it will release its third-quarter 2021 results on Wednesday, October 27, after NYSE close. A conference call is scheduled for Thursday, October 28, at 11 a.m. Eastern time, led by CEO Scott Rowe and management. Interested parties can access earnings materials and the webcast via the company’s investor relations section on their website. Flowserve specializes in fluid motion and control products, operating in over 50 countries, providing engineered pumps, seals, and valves.
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