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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) announced participation in the online film series Beneath the Surface by the International Water Association and BBC StoryWorks. The film highlights Flowserve's role in the Netherlands' flood management strategy, showcasing their engineering of large concrete volute pumps essential for protecting millions from floods. CEO Scott Rowe emphasized the company's commitment to water preservation through their growth strategy focusing on diversification, decarbonization, and digitization.
Flowserve Corporation (NYSE: FLS) announced that its third quarter earnings per share (EPS) will be negatively affected by approximately
Flowserve Corporation (NYSE: FLS) announced that Scott Rowe, CEO, will participate in a fireside chat at the Morgan Stanley Laguna Conference on September 15 at 2:35 PM PDT. Additionally, management will attend the RBC Capital Markets Global Industrial Conference on September 14. A webcast of the chat will be available for shareholders at www.flowserve.com under the Investor Relations section. Flowserve is a top provider of fluid motion and control products, operating in over 55 countries.
Flowserve Corporation (NYSE: FLS) announced a quarterly cash dividend of $0.20 per share, payable on October 14, 2022, to shareholders of record as of September 30, 2022. This move reflects the company’s ongoing commitment to return value to shareholders. While Flowserve intends to maintain regular quarterly dividends, future payments will be subject to review and discretion by the Board of Directors. Flowserve is a key player in fluid motion and control products, operating in over 55 countries.
Flowserve Corporation (NYSE: FLS) announced the election of Ken Siegel as an independent director and member of the Audit Committee and Finance and Risk Committee, effective August 16, 2022. Siegel's extensive background in corporate development, mergers and acquisitions, and strategic planning is expected to enhance Flowserve's growth strategy focused on Diversification, Decarbonization, and Digitization. He holds significant experience from Loews Corporation and has served in top roles at Barclays Capital and Lehman Brothers. His appointment aims to drive profitability and long-term value creation for shareholders.
Flowserve reported a strong financial performance for Q2 2022, with total bookings of $1.04 billion, an increase of 9.6% year-over-year. The company achieved a backlog of $2.32 billion, the highest since Q3 2015, indicating future growth potential. Adjusted earnings per share (EPS) were $0.30, surpassing expectations. However, despite these positive metrics, total sales declined by 1.8% to $882.2 million. Management anticipates continued demand, particularly in the energy sector, while noting that a strong dollar may impact full-year revenue guidance.
Flowserve Corporation (NYSE: FLS) has launched a new Learning Resource Center at Lamar University in Beaumont, Texas. This center aims to enhance customer engagement and provide students with hands-on experience with Flowserve's innovative flow control products. Certified trainers will conduct product demonstrations and simulations, offering participants the chance to earn professional development credits. This initiative strengthens Flowserve's connection with customers, particularly in the Gulf Coast region of Texas and Louisiana.
Flowserve Corporation (NYSE: FLS) will release its second quarter 2022 results after NYSE trading on July 27. A conference call is scheduled for July 28 at 11 a.m. ET featuring CEO Scott Rowe and management. Earnings materials will be accessible on Flowserve's website www.flowserve.com.
Flowserve is a global leader in flow control products, producing pumps, seals, and valves across over 50 countries. The company emphasizes a focus on strategic transformation and is subject to various market risks.
Flowserve Corporation (NYSE: FLS) announces its second annual virtual expo, Destination Innovation 2022, scheduled for July 27 from 11 a.m. to 3 p.m. EDT. The event will explore the theme of "Diversifying, Decarbonizing and Digitizing Flow Control," emphasizing sustainable energy solutions. Aimed at enhancing customer engagement, the expo will include on-demand sessions and live talks from industry leaders. Additional regional events are set for August 17 (Asia Pacific) and September 14 (Europe). Registration is free and open to individual attendees.
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