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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.

Flowserve Corporation (FLS) provides engineered flow control solutions for critical industries worldwide. This news hub offers investors and industry professionals centralized access to official announcements, financial updates, and strategic developments from the global leader in pumps, valves, and seals.

Track comprehensive coverage of Flowserve's operational milestones, including quarterly earnings reports, new technology launches, and strategic partnerships. Our curated news collection simplifies monitoring of corporate developments affecting the energy, chemical processing, and water infrastructure sectors.

Discover updates across key business areas: product innovations in precision flow systems, sustainability initiatives, global expansion efforts, and maintenance service enhancements. All content is verified through primary sources to ensure regulatory compliance and factual accuracy.

Bookmark this page for efficient tracking of Flowserve's market position and industry leadership. Combine historical context from their 220-year legacy with real-time updates to inform your analysis of this essential industrial infrastructure provider.

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Flowserve (FLS) has released its 2023 ESG Report, highlighting its achievements in reducing carbon intensity, supporting communities, and developing sustainable products. The report showcases the company's success in achieving its carbon intensity reduction goal of 40% by 2030, surpassing it by reducing 46% in 2023. Flowserve also contributed over $700,000 to various causes through Flowserve Cares, received recognition for its environmental efforts, and achieved ISO 27001 certification for its cybersecurity program. The company's focus on its 3D strategy has led to the introduction of new products supporting sustainability initiatives.

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Flowserve (NYSE:FLS) will participate in upcoming investor conferences such as Oppenheimer's 19th Annual Industrial Growth Conference, BofA Securities 31st Annual Transportation, Airlines and Industrials Conference, and TD Cowen 2nd Annual Sustainability Week. The President and CEO, Scott Rowe, will take part in fireside chats during these events, providing valuable insights to shareholders and interested parties.

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Flowserve reported strong first quarter 2024 results with 180% and 45% increase in Reported and Adjusted EPS, respectively. Raised full-year 2024 Adjusted EPS guidance by almost 24% at the midpoint. Solid first quarter bookings of $1.04 billion. Adjusted Gross and Operating Margin increased by 130 and 260 basis points. Record first quarter Operating Cash Flow of $62 million. Backlog of $2.6 billion. Sales increased by $107.2 million. Flowserve aims to expand margins and create long-term value for customers, associates, and shareholders.

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Flowserve (NYSE: FLS) secured two major project awards totaling over $150 million from international EPC contractors in the Middle East. These awards will be reflected in the company's 2nd Quarter Results. Flowserve's robust project funnel indicates potential growth opportunities for the company in 2024 and 2025, along with expectations for increased aftermarket and MRO work. The company's President and CEO, Scott Rowe, expressed confidence in Flowserve's ability to deliver these projects successfully and highlighted the organization's strategic approach to project bidding. Flowserve remains optimistic about its position in the Middle East's infrastructure market and anticipates continued participation in upcoming projects across various industries.
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Flowserve (NYSE:FLS) announces the release date for its first quarter 2024 financial results, with a conference call scheduled for the following day.
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Nikola Corporation appoints Thomas B. Okray as CFO to drive growth in zero-emissions trucking and hydrogen infrastructure solutions, leveraging his extensive financial expertise and global experience.
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Flowserve Corporation (FLS) reports strong fourth-quarter and full-year financial results for 2023, with increased earnings per share, solid bookings, and revenue growth. The company also announced a 5% dividend increase and replenished its stock repurchase authorization. Full-year 2024 guidance includes revenue growth of 4%-6% and EPS projections.
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Monro, Inc. appoints Thomas B. Okray to its Board of Directors, bringing extensive financial and operational expertise from notable companies like General Motors, Amazon.com, and Eaton Corporation. With a focus on enhancing shareholder value, the addition of Mr. Okray reflects Monro's commitment to strengthening its automotive industry knowledge and driving growth.
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Flowserve Corporation (FLS) CEO to participate in key industry events, including fireside chat and investor meetings, providing insights for shareholders and interested parties.
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Flowserve Corporation (NYSE:FLS) will release its Q4 and full year 2023 results on February 20, followed by a conference call on February 21. Scott Rowe, President and CEO, will present the earnings materials and webcast, accessible on Flowserve’s Investors page.
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Flowserve Corp

NYSE:FLS

FLS Rankings

FLS Stock Data

5.49B
130.92M
0.57%
97.36%
1.56%
Specialty Industrial Machinery
Pumps & Pumping Equipment
Link
United States
IRVING