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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 (NYSE: FLS) is a globally recognized manufacturer and service provider specializing in precision-engineered flow control systems. With a history spanning over 220 years and a foundation built on more than 50 heritage brands, Flowserve has established itself as a trusted partner across a wide range of industries. The company focuses on delivering pumps, valves, seals, and related services that address the complex challenges faced by its customers in sectors such as oil and gas, power generation, chemical processing, water management, and pharmaceuticals. Flowserve's extensive portfolio and commitment to innovation make it a critical player in the global industrial landscape.

Core Business Segments

Flowserve operates through two primary business segments, each designed to meet the diverse needs of its global customer base:

  • Flow Control Division (FCD): This segment focuses on engineered-to-order and configured-to-order solutions, including isolation valves, control valves, valve automation products, and related equipment. These products are vital for industries requiring precise flow regulation and operational efficiency.
  • Flowserve Pump Division (FPD): This segment offers custom-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems, and replacement parts. It also provides aftermarket services, ensuring the longevity and reliability of its equipment.

Industry Applications and Market Reach

Flowserve's products and services are integral to the operations of several critical industries:

  • Oil and Gas: Supporting upstream, midstream, and downstream operations with robust flow control solutions.
  • Power Generation: Offering equipment designed for both conventional and renewable energy applications.
  • Chemical Processing: Providing solutions that ensure safety and efficiency in handling hazardous and corrosive materials.
  • Water Management: Addressing global water scarcity challenges with pumps and valves designed for desalination, distribution, and wastewater treatment.
  • Pharmaceuticals and Food Processing: Ensuring compliance with stringent industry standards while maintaining operational efficiency.

Competitive Landscape and Differentiation

Flowserve operates in a competitive market alongside companies like ITT Inc., KSB Group, and Weir Group. Its key differentiators include:

  • Heritage and Expertise: With over two centuries of experience, Flowserve combines legacy knowledge with modern innovation.
  • Comprehensive Portfolio: Its extensive range of products and services caters to both standard and highly specialized applications.
  • Aftermarket Services: A strong focus on aftermarket support ensures customer loyalty and recurring revenue streams.
  • Global Presence: Operating in over 60 countries, Flowserve leverages its international footprint to serve a diverse and geographically dispersed customer base.

Commitment to Innovation

Flowserve is committed to driving innovation in flow control technologies. By addressing the evolving needs of its customers, the company develops advanced solutions that enhance operational efficiency, reduce downtime, and improve safety. Its investments in research and development enable it to stay ahead of industry trends and regulatory requirements, solidifying its position as a trusted partner in critical industries.

Conclusion

Flowserve Corporation stands out as a cornerstone in the flow control industry. Its combination of heritage, innovation, and customer-centric solutions positions it as a reliable partner across multiple sectors. By delivering high-quality products and services, Flowserve continues to play a pivotal role in enabling the safe and efficient operation of industrial processes worldwide.

Rhea-AI Summary
Flowserve Corporation reported strong third-quarter results, with increased revenue and earnings growth. The company raised its full-year revenue and adjusted EPS guidance range for 2023. They also highlighted their positive market outlook and the potential for continued growth in aftermarket and MRO opportunities. Flowserve is confident in its ability to deliver solid revenue and earnings growth in the coming years.
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Flowserve Corporation to release Q3 2023 results
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Flowserve's acquisition of Velan Inc. has been rejected by the French Ministry of Economy.
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Flowserve Corporation reaffirms its 2023 full year guidance range and provides a preliminary 2024 financial outlook. The company also establishes 2027 financial targets, including a revenue target of $5.0 billion and adjusted operating margins of 14-16%. The outlook shows mid-single digit revenue growth for 2024, low double digit full-year adjusted operating margins, and expected year-over-year adjusted EPS growth of 20-25%.
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Flowserve Corporation announces appointment of Cheryl H. Johnson to its board of directors
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Flowserve Corporation plans to hold its 2023 Analyst Day meeting on September 28, 2023, in New York City. The presenters will provide an overview of the company, including an update of its 3D growth strategy, innovation, and technology, and discuss the company's longer-term financial targets.
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Flowserve Corporation and Velan Inc. have extended the outside date of their arrangement agreement, due to pending Regulatory Approvals. The Outside Date has been extended for an additional 30 days to October 7, 2023.
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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 October 6, 2023, to shareholders of record as of September 22, 2023. Flowserve intends to review and declare future dividends individually at the Board's discretion.
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Flowserve Corporation and Velan Inc. have extended the outside date of their arrangement agreement by an additional 30 days.
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FAQ

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

The current stock price of Flowserve (FLS) is $48.79 as of March 6, 2025.

What is the market cap of Flowserve (FLS)?

The market cap of Flowserve (FLS) is approximately 6.7B.

What does Flowserve Corporation specialize in?

Flowserve specializes in manufacturing and servicing precision-engineered flow control systems, including pumps, valves, and seals.

Which industries does Flowserve serve?

Flowserve serves industries such as oil and gas, power generation, chemical processing, water management, and pharmaceuticals.

What are Flowserve's main business segments?

Flowserve operates through two segments: Flow Control Division (FCD) for valves and automation products, and Flowserve Pump Division (FPD) for pumps and aftermarket services.

How does Flowserve differentiate itself in the market?

Flowserve differentiates itself through its extensive heritage, comprehensive product portfolio, global presence, and strong focus on aftermarket services.

Where is Flowserve Corporation headquartered?

Flowserve Corporation is headquartered in Irving, Texas, USA, and operates in over 60 countries worldwide.

What role does innovation play at Flowserve?

Innovation is central to Flowserve's operations, enabling the company to develop advanced solutions that address complex industry challenges.

Does Flowserve offer aftermarket services?

Yes, Flowserve provides extensive aftermarket services, including maintenance, repair, and replacement parts, ensuring long-term equipment reliability.

What are some key products offered by Flowserve?

Flowserve offers pumps, valves, seals, and auxiliary systems designed for diverse industrial applications.

What is Flowserve's competitive advantage?

Flowserve's competitive advantage lies in its legacy expertise, innovation-driven approach, and strong customer relationships supported by aftermarket services.

How does Flowserve support water management efforts?

Flowserve provides pumps and valves for desalination, water distribution, and wastewater treatment, addressing global water challenges.
Flowserve Corp

NYSE:FLS

FLS Rankings

FLS Stock Data

6.70B
130.78M
0.46%
93.91%
1.76%
Specialty Industrial Machinery
Pumps & Pumping Equipment
Link
United States
IRVING