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 is a globally recognized manufacturer and service provider specializing in engineered flow control systems, including pumps, valves, and seals. With a heritage of over 220 years, the company has evolved its precision-engineering expertise to meet the demanding requirements of industries such as oil and gas, chemical processing, power generation, water management, pharmaceuticals, and food processing. Leveraging a portfolio of world-renowned heritage brands, Flowserve’s innovations are grounded in a deep understanding of fluid dynamics and mechanical engineering, ensuring the safe and efficient handling of materials across various critical applications. Industry-specific keywords such as "engineered flow control", "industrial pumps", and "process optimization" illustrate Flowserve's commitment to technological excellence and resilient design.
Core Business Segments
The company operates through multiple business segments designed to address diverse market needs:
- Flow Process Division (FPD): This segment focuses on custom engineered pumps, pre-configured industrial pumps, pump systems, and a wide range of mechanical seals, auxiliary systems, and replacement parts. FPD is dedicated to creating tailored solutions that address the unique flow control challenges of each industry.
- Flow Control Division (FCD): Dedicated to engineered-to-order and configured-to-order isolation valves, control valves, and valve automation products, this segment reinforces Flowserve's ability to offer adaptable solutions for complex industrial processes.
- Other Segments: These include various elimination and additional services which further the company’s comprehensive approach to flow control and aftermarket service support.
Technological Innovation and Market Position
Flowserve Corporation stands out as an exemplar of innovation in the development and application of advanced flow control solutions. Through a meticulous focus on research and development, the company continually refines its products to meet the evolving demands of global industries. Its portfolio is characterized by precision engineering, reliability, and the ability to support the operational integrity of essential infrastructure. The integration of sophisticated design with robust manufacturing practices enables Flowserve to deliver products that not only optimize material flow but also enhance overall process safety.
Global Influence and Operational Excellence
Operating in more than 60 countries, Flowserve Corporation has established a formidable global presence. Its widespread network of manufacturing facilities, technical centers, and service operations ensure that clients receive prompt and effective support regardless of geographical location. This global reach underscores the company’s commitment to quality and operational excellence, making it a key player in a highly competitive market. The extensive expertise and talent employed by Flowserve contribute to its sustained reputation for reliable performance and enduring customer relationships.
Key Strengths and Value Proposition
Flowserve’s enduring reputation is built on a solid foundation of experience, innovation, and customer commitment. Key strengths include:
- Heritage and Expertise: Over two centuries of industry experience provide Flowserve with unique insights into the challenges and requirements of flow control systems.
- Comprehensive Product Range: The diverse portfolio of pumps, valves, seals, and related services enables the company to serve a wide variety of industries with tailored solutions.
- Aftermarket Services: A robust network of support and maintenance services ensures long-term reliability and operational continuity for customer installations.
- Technological Leadership: Continuous innovation in design and manufacturing processes solidifies Flowserve’s position as a trusted provider of advanced flow control solutions.
Understanding Flowserve in the Competitive Landscape
In a competitive market characterized by rapid technological advancements and stringent operational requirements, Flowserve Corporation distinguishes itself by combining heritage with state-of-the-art engineering. Its deeply integrated approach to product development and aftermarket services enables the company to adapt to evolving industry standards while maintaining a consistent focus on quality and performance. This comprehensive model serves not only to uphold Flowserve’s market position but also to set benchmarks for excellence within the flow control industry.
Investors and industry analysts can view Flowserve as a case study in how blending legacy experience with modern technological advancements can drive operational excellence and customer satisfaction. The company’s strategic segmentation into product and service areas ensures that every aspect of fluid handling is addressed, from initial system design to ongoing maintenance and support.
Flowserve Corp. (NYSE: FLS) announced key outcomes from its 2022 Annual Meeting of Shareholders held virtually in Dallas. Roger L. Fix was not nominated for re-election due to retirement age restrictions. Shareholders re-elected several board members, including R. Scott Rowe, and ratified PricewaterhouseCoopers LLP as the independent auditor for 2022. Notably, an advisory vote on executive compensation was rejected by approximately 77%, indicating shareholder dissent. Additionally, a proposal to lower the ownership threshold for special shareholder meetings was also voted down, receiving around 54.8% opposition.
Flowserve Corporation (NYSE: FLS) has secured a contract to supply control and ball valves for OMV's chemical recycling demonstration plant in Schwechat, Austria. This facility will utilize OMV's ReOil® technology to transform plastic waste into synthetic feedstock, with an annual capacity of 16,000 tons, and is expected to be operational in 2023. A permanent industrial-scale plant is planned for 2026. Flowserve aims to support customers in reducing carbon emissions, promoting a circular economy in plastics, and driving decarbonization efforts.
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.
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