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Flowserve Corp - FLS STOCK NEWS

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.

Overview of Flowserve Corporation

Flowserve Corporation is a globally recognized manufacturer and service provider specializing in engineered flow control systems, including pumps, valves, and seals. With a heritage of over 220 years, the company has evolved its precision-engineering expertise to meet the demanding requirements of industries such as oil and gas, chemical processing, power generation, water management, pharmaceuticals, and food processing. Leveraging a portfolio of world-renowned heritage brands, Flowserve’s innovations are grounded in a deep understanding of fluid dynamics and mechanical engineering, ensuring the safe and efficient handling of materials across various critical applications. Industry-specific keywords such as "engineered flow control", "industrial pumps", and "process optimization" illustrate Flowserve's commitment to technological excellence and resilient design.

Core Business Segments

The company operates through multiple business segments designed to address diverse market needs:

  • Flow Process Division (FPD): This segment focuses on custom engineered pumps, pre-configured industrial pumps, pump systems, and a wide range of mechanical seals, auxiliary systems, and replacement parts. FPD is dedicated to creating tailored solutions that address the unique flow control challenges of each industry.
  • Flow Control Division (FCD): Dedicated to engineered-to-order and configured-to-order isolation valves, control valves, and valve automation products, this segment reinforces Flowserve's ability to offer adaptable solutions for complex industrial processes.
  • Other Segments: These include various elimination and additional services which further the company’s comprehensive approach to flow control and aftermarket service support.

Technological Innovation and Market Position

Flowserve Corporation stands out as an exemplar of innovation in the development and application of advanced flow control solutions. Through a meticulous focus on research and development, the company continually refines its products to meet the evolving demands of global industries. Its portfolio is characterized by precision engineering, reliability, and the ability to support the operational integrity of essential infrastructure. The integration of sophisticated design with robust manufacturing practices enables Flowserve to deliver products that not only optimize material flow but also enhance overall process safety.

Global Influence and Operational Excellence

Operating in more than 60 countries, Flowserve Corporation has established a formidable global presence. Its widespread network of manufacturing facilities, technical centers, and service operations ensure that clients receive prompt and effective support regardless of geographical location. This global reach underscores the company’s commitment to quality and operational excellence, making it a key player in a highly competitive market. The extensive expertise and talent employed by Flowserve contribute to its sustained reputation for reliable performance and enduring customer relationships.

Key Strengths and Value Proposition

Flowserve’s enduring reputation is built on a solid foundation of experience, innovation, and customer commitment. Key strengths include:

  • Heritage and Expertise: Over two centuries of industry experience provide Flowserve with unique insights into the challenges and requirements of flow control systems.
  • Comprehensive Product Range: The diverse portfolio of pumps, valves, seals, and related services enables the company to serve a wide variety of industries with tailored solutions.
  • Aftermarket Services: A robust network of support and maintenance services ensures long-term reliability and operational continuity for customer installations.
  • Technological Leadership: Continuous innovation in design and manufacturing processes solidifies Flowserve’s position as a trusted provider of advanced flow control solutions.

Understanding Flowserve in the Competitive Landscape

In a competitive market characterized by rapid technological advancements and stringent operational requirements, Flowserve Corporation distinguishes itself by combining heritage with state-of-the-art engineering. Its deeply integrated approach to product development and aftermarket services enables the company to adapt to evolving industry standards while maintaining a consistent focus on quality and performance. This comprehensive model serves not only to uphold Flowserve’s market position but also to set benchmarks for excellence within the flow control industry.

Investors and industry analysts can view Flowserve as a case study in how blending legacy experience with modern technological advancements can drive operational excellence and customer satisfaction. The company’s strategic segmentation into product and service areas ensures that every aspect of fluid handling is addressed, from initial system design to ongoing maintenance and support.

Rhea-AI Summary

Flowserve Corp. (NYSE: FLS) held its virtual 2021 Annual Meeting of Shareholders. Key announcements included the re-election of nine board members for another year and the election of David Roberts as Chairman, succeeding Roger Fix. Shareholders approved a 97% advisory vote on executive compensation and ratified PricewaterhouseCoopers as the independent auditor for 2021. An amendment to the Certificate of Incorporation regarding supermajority approval for business combinations was also passed. Final voting results will be disclosed in a subsequent Form 8-K.

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Flowserve Corporation (NYSE: FLS) announced that CEO Scott Rowe will present at the Goldman Sachs Industrials and Materials Conference on May 11, 2021, at 2:40 p.m. EDT. Shareholders and interested parties can access the webcast of the presentation on Flowserve's Investor Relations section of their website. Flowserve is a leading provider of flow control products and services, operating in over 55 countries. The company emphasizes its commitment to addressing industry challenges, including the impacts of COVID-19 and fluctuating market conditions.

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Flowserve Corporation (NYSE: FLS) announced its Q1 2021 financial results, reporting a reported EPS of $0.11 and an adjusted EPS of $0.28. Total bookings decreased 3.3% year-over-year to $945 million, with a sequential increase of 14.5%. Sales fell 4.1% to $857.3 million, while adjusted operating income rose by over $20 million compared to last year. The company revised its 2021 revenue guidance to a decrease of 3% to 5%. Adjusted EPS guidance improved to a range of $1.40 to $1.60. Flowserve remains optimistic about growth prospects as economic recovery progresses.

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Flowserve Corporation (NYSE: FLS) plans to release its Q1 2021 financial results after the market closes on May 3. A conference call will take place on May 4 at 11 a.m. ET, featuring insights from CEO Scott Rowe and management. Shareholders can access earnings materials and the conference call via the company's Investor Relations page. Flowserve specializes in fluid motion and control products, operating in over 55 countries.

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Flowserve Corporation (NYSE: FLS) announced it will supply Pfizer with essential pumps, valves, and seals to enhance COVID-19 vaccine production. The urgent need for a mechanical mixer seal led to expedited support from Flowserve’s Kalamazoo team. Additionally, over 200 Worcester cryogenic ball valves and various pumps will be provided from their facilities in Cookeville, Virginia, and Germany. Flowserve expresses commitment to partnering with Pfizer during this critical time, emphasizing their long-standing relationship since 1997.

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Flowserve Corporation (NYSE: FLS) announced that CEO Scott Rowe will present at the 26th Annual Credit Suisse Energy Summit on March 2, 2021, from 11:40 a.m. to 12:10 p.m. CST. The presentation will be available via webcast for shareholders and interested parties at www.flowserve.com in the Investor Relations section. Flowserve is a prominent provider of fluid motion and control products, operating in over 55 countries and specializing in engineered pumps, seals, and valves.

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Flowserve Corporation (NYSE: FLS) announced that CFO Amy Schwetz will present virtually at the Gabelli Fund's 31st Annual Pump, Valve & Water Systems Symposium on February 25 at 12:30 p.m. ET. Shareholders and interested parties can access the webcast on Flowserve's website under the 'Investor Relations' section. Flowserve is a leading provider of flow control products, operating in over 55 countries and offering engineered and industrial pumps, seals, and valves.

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Flowserve Corporation (NYSE: FLS) reported its financial results for Q4 and full year 2020. Q4 EPS was $0.43, with adjusted EPS at $0.53. Total bookings decreased by 21.6% to $825.1 million. Sales for Q4 reached $985.3 million, down 7.8%. Full year EPS was $0.89; adjusted EPS was $1.74, with total bookings at $3.41 billion. The company aims for 2021 adjusted EPS guidance of $1.30 - $1.55, with expected revenue declining by 4.0% to 7.0%. CEO Scott Rowe expressed optimism for growth as pandemic impacts lessen.

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Flowserve Corporation (NYSE: FLS) has announced a quarterly cash dividend of $0.20 per share on its outstanding shares of common stock. The dividend will be payable on April 9, 2021, to shareholders of record as of the close of business on March 26, 2021. While the company intends to maintain regular quarterly dividends, future payments will be evaluated and declared at the Board's discretion, highlighting a cautious approach to dividend sustainability amidst potential economic uncertainties.

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Flowserve Corporation (NYSE: FLS) has postponed its fourth quarter and full year 2020 earnings release due to severe weather conditions in the Dallas area, including rolling blackouts. The revised date for the earnings announcement is now set for after the NYSE close on February 23, 2021, followed by a conference call scheduled for February 24 at 11 a.m. ET. The company emphasizes the decision was made to ensure employee safety amidst ongoing weather challenges.

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FAQ

What is the current stock price of Flowserve (FLS)?

The current stock price of Flowserve (FLS) is $49.86 as of April 2, 2025.

What is the market cap of Flowserve (FLS)?

The market cap of Flowserve (FLS) is approximately 6.5B.

What is Flowserve Corporation's core business?

Flowserve specializes in the design, manufacture, and service of engineered flow control systems, including pumps, valves, and seals, catering to several critical industries.

How does Flowserve generate its revenue?

The company earns revenue through the sale of custom engineered equipment, pre-configured industrial pump systems, and valve solutions, along with a range of aftermarket services and replacement parts.

Which industries does Flowserve serve?

Flowserve provides solutions to industries such as oil and gas, chemical processing, power generation, water management, pharmaceuticals, and food processing, addressing diverse flow control challenges.

What distinguishes Flowserve from its competitors?

Flowserve's rich heritage of over 220 years, combined with its commitment to precision engineering and comprehensive product offerings, sets it apart as an authority in flow control solutions.

How is Flowserve structured to address different customer needs?

The company operates through distinct segments that focus on custom engineered pumps and valve solutions, ensuring that specific industry requirements are met with tailored services and products.

What role do aftermarket services play in Flowserve's business model?

Aftermarket services, including maintenance and replacement parts, are integral to ensuring the longevity and efficiency of Flowserve's equipment, supporting ongoing customer needs and operational reliability.

How does Flowserve maintain its technological edge?

With a strong focus on research and development, Flowserve continually refines its design and manufacturing processes, integrating advanced technologies to optimize performance and safety.

In which regions does Flowserve operate?

Flowserve maintains a global presence with operations in over 60 countries, ensuring that its engineered solutions and services are accessible to a broad international customer base.
Flowserve Corp

NYSE:FLS

FLS Rankings

FLS Stock Data

6.46B
131.00M
0.57%
97.36%
1.56%
Specialty Industrial Machinery
Pumps & Pumping Equipment
Link
United States
IRVING