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) news coverage tracks developments from one of the world's largest manufacturers of pumps, valves, and seals serving industrial markets globally. As a major supplier to the oil and gas, power generation, chemical processing, and water management industries, Flowserve's business activity reflects broader trends in industrial capital spending and infrastructure investment.
News relevant to Flowserve investors typically includes quarterly earnings reports detailing order bookings, backlog levels, and segment performance across its Pump Division and Flow Control Division. The company's geographic diversification means regional economic conditions and currency movements factor into financial results. Aftermarket service revenue, which provides recurring income from the company's installed equipment base, serves as an indicator of customer activity levels.
Strategic announcements often involve acquisitions to expand product capabilities or service networks, divestitures of non-core operations, and technology introductions addressing evolving industrial requirements. Partnership announcements and major contract awards signal market positioning and customer demand patterns.
Industrial sector dynamics directly influence Flowserve's prospects. Oil and gas capital expenditure trends, power generation infrastructure investments, and chemical plant construction activity all drive equipment demand. Regulatory developments affecting these end markets, including environmental and safety requirements, can create both challenges and opportunities for flow control equipment suppliers.
Bookmark this page to follow Flowserve Corporation news, from earnings releases and strategic initiatives to industry developments affecting industrial pump and valve markets.
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.
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.
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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