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) 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) reported a strong performance in Q1 2022 with bookings of $1.09 billion, up 14.9% year-over-year, the highest since Q2 2019. Backlog reached $2.23 billion, an increase of 11.3% since year-end 2021. However, they reported a Loss Per Share of $0.12, mainly due to write-downs related to exiting Russian operations. Adjusted EPS stood at $0.07, affected by supply chain issues and Omicron-related labor shortages. The company revised its 2022 guidance down for revenue growth and EPS, citing logistic constraints and the impact of exiting Russia.
Flowserve Corporation (NYSE: FLS) will release its Q1 2022 financial results on May 2, 2022, post-market close. A conference call with management, including CEO Scott Rowe, is scheduled for May 3, 2022, at 11 a.m. Eastern time. Stakeholders can access earnings materials and the call via the Investor Relations section of Flowserve's website. The company is a key player in fluid motion and control products, serving diverse global industries.
Flowserve Corporation (NYSE: FLS) has secured a contract to supply control valves for Norway’s first cross-border carbon capture and storage facility, set for completion in 2024. This innovative facility aims to significantly contribute to decarbonization efforts in Europe, potentially storing the equivalent of 1,000 years of Norwegian emissions. Flowserve intends to leverage its 3D growth strategy—diversifying, decarbonizing, and digitizing—to capitalize on market opportunities associated with climate change mitigation.
Flowserve Corporation (NYSE: FLS) has announced a non-exclusive partnership with Gradiant to enhance water and wastewater treatment solutions. The collaboration aims to combine Flowserve’s flow control products with Gradiant’s advanced water treatment technology, focusing on sustainable operations in the Asia Pacific and Americas regions. Flowserve, with over 200 years of experience, is upgrading its offerings, including the introduction of the H2O+ submersible pump and the RedRaven IoT platform. This initiative supports Flowserve's sustainability goals while expanding its market reach.
Flowserve Corporation (NYSE: FLS) has announced its new Energy Advantage program designed to help customers achieve carbon reduction goals and lower ownership costs. This comprehensive program includes engineering expertise, a data-driven evaluation process, and a range of products and services aimed at enhancing energy efficiency in flow control systems. The program has already demonstrated positive results, such as 34% improved energy consumption through recent projects. CEO Scott Rowe emphasized the company's commitment to sustainable solutions as industries transition to cleaner energy.
Flowserve Corporation (NYSE: FLS) announced its Q4 and full year 2021 financial results, reporting a Q4 EPS of $0.13 and adjusted EPS of $0.45. Full year EPS stood at $0.96 and $1.38 adjusted. Bookings surged 17.5% YoY to $969 million, contributing to a total of $3.77 billion for the year, up 10.6%. The year-end backlog increased by 8% to $2 billion, setting a robust foundation for growth in 2022. The company expects a revenue growth of 7% to 9% for 2022, with guidance EPS between $1.65 and $1.90, despite challenges posed by the Omicron variant and supply chain issues.
Flowserve Corporation (NYSE: FLS), a prominent provider of flow control products, announced that CFO Amy Schwetz will present at Gabelli’s 32nd Annual Pump, Valve & Water Systems Symposium on February 24 at 2:30 p.m. ET. The presentation will be accessible through a webcast for shareholders and interested parties via www.flowserve.com. Flowserve operates in over 55 countries, specializing in engineered and industrial pumps, seals, and valves, offering a range of flow management services.
Flowserve Corporation (NYSE: FLS) announced a quarterly cash dividend of $0.20 per share on its common stock. The dividend is set for payment on April 8, 2022, to shareholders of record by the close of business on March 25, 2022. While the company intends to continue regular quarterly dividends, future dividends will be evaluated individually and declared at the Board's discretion. This reflects Flowserve's ongoing commitment to returning value to shareholders amidst market uncertainties.
Flowserve Corporation (NYSE: FLS) announced its plan to release the fourth quarter and full year 2021 results after market close on February 23, 2022. A conference call is scheduled for February 24, 2022, at 11 a.m. Eastern time, where CEO Scott Rowe and management will discuss the results. The earnings materials will be accessible on their website under the Investor Relations section. Flowserve is a leading provider of fluid motion and control products and services, operating in over 50 countries.
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