Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, the Middle East, Africa, the Asia Pacific, and Europe. It operates in two segments: Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and fluids. The company primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.
IPO Year:
Exchange: NYSE
Website: flowserve.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2025 | $71.00 | Neutral → Outperform | Robert W. Baird |
| 12/12/2024 | $55.00 → $69.00 | Sell → Neutral | Goldman |
| 11/22/2024 | $57.00 → $69.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 10/18/2024 | $65.00 | Buy | Jefferies |
| 9/26/2023 | $40.00 → $50.00 | Hold → Buy | Jefferies |
| 1/30/2023 | $33.00 → $40.00 | Neutral → Buy | BofA Securities |
| 9/15/2022 | $38.00 → $31.00 | Outperform → Neutral | Credit Suisse |
| 7/11/2022 | $31.00 | Underperform → Neutral | BofA Securities |
| 2/25/2022 | $40.00 → $38.00 | Outperform | Credit Suisse |
| 2/25/2022 | $35.00 → $32.00 | Equal-Weight | Morgan Stanley |
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
SC 13G - FLOWSERVE CORP (0000030625) (Subject)
SC 13G/A - FLOWSERVE CORP (0000030625) (Subject)
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, has released its 2024 ESG Report highlighting The Power of Purpose. The report shares how Flowserve's operational framework, the Flowserve Business System, is enabling progress in its ESG focus areas of Climate, Culture and Core Responsibility, while working in tandem with its 3D growth strategy to help achieve the enterprise and sustainability goals of its customers. The report also spotlights how Flowserve's purpose comes to life through the power of its product and manufacturing innovations, its people and its global community impact program. "With our decarb
Strong Start to the Year; Reaffirms Full-year 2025 Guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the first quarter ended March 31, 2025. Highlights: First quarter bookings of $1.2 billion, including record aftermarket bookings of nearly $690 million Power bookings increased more than 45% year-over-year, with over $100 million in nuclear awards for the third consecutive quarter Gross margin and adjusted1 gross margin2 of 32.3% and 33.5%, respectively, increased 110 and 180 basis points versus the prior year period Operating income and adjusted operating in
Flowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, will issue its first quarter 2025 earnings release after the close of the New York Stock Exchange (NYSE) on Tuesday, April 29. Flowserve will host a conference call to discuss first quarter results the following morning, on Wednesday, April 30, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and control produ
The INNOMAG® TB-MAG™ Dual Drive™ Pump is the world's only magnetic drive pump that is double hermetically sealed and features a secondary independent containment system to reduce impact from failures. Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, has launched the INNOMAG TB-MAG Dual Drive Pump, the world's first sealless pump to eliminate leaks, setting a new standard for safety and environmental protection. "Safety is one of our core values, and it was imperative for us to develop a pump solution that reduces the inherent dangers of working with hazardous chemicals and materials for our customers," said L
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE:NINE) today announced changes to the size and composition of its Board of Directors ("Board"). Following careful consideration, the Board has unanimously agreed that a reduction in the size of the Board from eight to six members by the end of the year and a change in its composition will be beneficial to the Company and its strategic priorities moving forward. Consistent with such strategy, Mr. Ernie Danner, Mr. Andy Waite and Mr. Curtis Harrell resigned as directors effective February 28, 2025. Ms. Julie Peffer and Mr. Richard Burnett were unanimously appointed as directors on February 28, 2025, with Ms. Peffer's service to begin on
GREENWICH, Conn., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's
3D Strategy and Flowserve Business System Deliver Sales and Earnings Growth Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the fourth quarter and full year ended December 31, 2024. Highlights (unaudited): Fourth quarter bookings of $1.2 billion, including $618 million of aftermarket activity Power bookings increased more than 40% year-over-year, with over $110 million in nuclear awards during the fourth quarter Gross margin and adjusted1 gross margin2 of 31.5% and 32.8%, respectively, increased 240 and 300 basis points versus the prior year period Operating income
Flowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, announced its participation in the following upcoming investor events: On February 20th, Flowserve will participate in investor meetings at the Citi 2025 Global Industrial Tech and Mobility Conference in Miami. On February 27th, Amy Schwetz, Senior Vice President and Chief Financial Officer, will participate in investor meetings as well as a fireside chat at the Gabelli 35th Annual Pump, Valve & Water Systems Symposium in New York City. The fireside chat session will begin at 11:30 am ET. Shareholders and other interested part
GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's sig
GREENWICH, Conn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector
8-K - FLOWSERVE CORP (0000030625) (Filer)
10-Q - FLOWSERVE CORP (0000030625) (Filer)
DEF 14A - FLOWSERVE CORP (0000030625) (Filer)
DEFA14A - FLOWSERVE CORP (0000030625) (Filer)
S-3ASR - FLOWSERVE CORP (0000030625) (Filer)
10-K - FLOWSERVE CORP (0000030625) (Filer)
8-K - FLOWSERVE CORP (0000030625) (Filer)
8-K - FLOWSERVE CORP (0000030625) (Filer)
8-K - FLOWSERVE CORP (0000030625) (Filer)
10-Q - FLOWSERVE CORP (0000030625) (Filer)
Flowserve Corp. (NYSE:FLS) (the "Company"), a leading provider of flow control products and services for the global infrastructure markets, held its virtual 2024 Annual Meeting of Shareholders on May 16, 2024. Concerning the official business of the meeting, the Company announced that its shareholders elected Sujeet Chand, Ruby R. Chandy, Gayla J. Delly, John L. Garrison, Cheryl H. Johnson, Michael C. McMurray, Thomas B. Okray, David E. Roberts, R. Scott Rowe, Kenneth I. Siegel, and Carlyn R. Taylor to the Company's Board of Directors, each to serve an annual term expiring at the 2025 Annual Meeting of Shareholders. Biographies for all members of the Board can be found in the Company's
Experienced CFO primed to take on new opportunities with zero-emissions trucking and hydrogen infrastructure solutions PHOENIX, March 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of an accomplished and highly regarded financial executive, Thomas "Tom" B. Okray, who has joined the company's executive team as Chief Financial Officer (CFO). "We are proud to welcome Tom as our CFO. Attracting someone of his caliber is a
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that Thomas B. Okray has been appointed to the Company's Board of Directors, effective immediately. Mr. Okray will serve on the Executive Committee. Mr. Okray is a seasoned executive with significant financial and operational expertise in the auto industry and broader industrials segment, including a 26-year tenure at General Motors and subsequent senior finance roles at Amazon.com, Inc., Advance Auto Parts, Inc. and W.W. Grainger, Inc. He most recently served as Chief Financial Officer of Eaton Corporation, a global intelligent power management company. Robert E. Mellor, Chair
Littelfuse, Inc. (NASDAQ:LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced today the appointment of Gayla Delly to the company's board of directors, effective September 28, 2023. Delly was also appointed to the Audit Committee. "Gayla brings a wealth of experience as both a public company executive and seasoned board member," said Gordon Hunter, Littelfuse Chairman of the Board of Directors. "Her board leadership and broad management experience across companies operating in a diverse set of end markets make her a terrific addition to the Littelfuse board, as we continue to execute our company's growth strategy
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its board of directors has elected Cheryl H. Johnson as a member of its board of directors, effective December 8, 2023. Ms. Johnson will also be appointed to the organization and compensation committee, as well as the finance and risk committee of the board on the same date. Ms. Johnson's appointment follows the retirement of John Friedery, who will retire from the board effective December 8, 2023. "I would like to thank John for his exceptional service and support of Flowserve over the years and we wish him well in retirement," said Scott
Flowserve Corp. (NYSE:FLS) (the "Company"), a leading provider of flow control products and services for the global infrastructure markets, held its virtual 2023 Annual Meeting of Shareholders on May 25, 2023. Concerning the official business of the meeting, the Company announced that its shareholders re-elected Sujeet Chand, Ruby R. Chandy, Gayla J. Delly, John R. Friedery, John L. Garrison, Michael C. McMurray, Thomas B. Okray, David E. Roberts, R. Scott Rowe, Kenneth I. Siegel, and Carlyn R. Taylor to the Company's Board of Directors, each to serve an annual term expiring at the 2024 Annual Meeting of Shareholders. Biographies for all members of the Board can be found in the Company'
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its board of directors has elected Thomas Okray as a member of its board of directors and audit committee, effective April 12, 2023. "We are very pleased to have Tom become part of Flowserve's board," said Scott Rowe, Flowserve president and chief executive officer. "His extensive global experience across diverse industries will bring meaningful insights and value to Flowserve." Mr. Okray currently serves as the chief financial officer and executive vice president at Eaton Corporation, a multinational intelligent power management company.
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its board of directors has elected Ken Siegel as an independent director and a member of the Audit Committee and Finance and Risk Committee of the board, effective August 16, 2022. "We are excited to welcome Ken to our board of directors," said Scott Rowe, Flowserve president and chief executive officer. "Ken's deep experience in corporate development, mergers and acquisitions, and strategic planning will be extremely valuable as we continue to position Flowserve for long-term growth through our Diversify, Decarbonize and Digitize strategy."
Flowserve Corp. (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, held its virtual 2022 Annual Meeting of Shareholders today. As previously announced, Roger L. Fix was not nominated for re-election to the Board of Directors at the annual meeting as he was approaching the mandatory retirement age under our Corporate Governance Guidelines. "I want to extend my sincere thanks to Mr. Fix for his many years of dedicated service to Flowserve," said Scott Rowe, President and Chief Executive Officer. "His institutional knowledge of our Company combined with his robust industry experience was exactly what Flowserve needed to navigate the unp
Flowserve Corp. (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, held its virtual 2021 Annual Meeting of Shareholders today. Concerning the official business of the meeting, the Company announced that its shareholders re-elected R. Scott Rowe, Sujeet Chand, Ruby R. Chandy, Gayla J. Delly, Roger L. Fix, John R. Friedery, John L. Garrison, Michael C. McMurray, David E. Roberts and Carlyn R. Taylor to the Company's Board of Directors, each to serve an annual term expiring at the 2022 Annual Meeting of Shareholders. Biographies for all members of the Board can be found in the Company's 2021 Proxy Statement or on www.flowserve.com. Ad
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
4 - FLOWSERVE CORP (0000030625) (Issuer)
Robert W. Baird upgraded Flowserve from Neutral to Outperform and set a new price target of $71.00
Goldman upgraded Flowserve from Sell to Neutral and set a new price target of $69.00 from $55.00 previously
RBC Capital Mkts upgraded Flowserve from Sector Perform to Outperform and set a new price target of $69.00 from $57.00 previously
Jefferies resumed coverage of Flowserve with a rating of Buy and set a new price target of $65.00
Jefferies upgraded Flowserve from Hold to Buy and set a new price target of $50.00 from $40.00 previously
BofA Securities upgraded Flowserve from Neutral to Buy and set a new price target of $40.00 from $33.00 previously
Credit Suisse downgraded Flowserve from Outperform to Neutral and set a new price target of $31.00 from $38.00 previously
BofA Securities upgraded Flowserve from Underperform to Neutral and set a new price target of $31.00
Credit Suisse reiterated coverage of Flowserve with a rating of Outperform and set a new price target of $38.00 from $40.00 previously
Morgan Stanley reiterated coverage of Flowserve with a rating of Equal-Weight and set a new price target of $32.00 from $35.00 previously
Strong Start to the Year; Reaffirms Full-year 2025 Guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the first quarter ended March 31, 2025. Highlights: First quarter bookings of $1.2 billion, including record aftermarket bookings of nearly $690 million Power bookings increased more than 45% year-over-year, with over $100 million in nuclear awards for the third consecutive quarter Gross margin and adjusted1 gross margin2 of 32.3% and 33.5%, respectively, increased 110 and 180 basis points versus the prior year period Operating income and adjusted operating in
Flowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, will issue its first quarter 2025 earnings release after the close of the New York Stock Exchange (NYSE) on Tuesday, April 29. Flowserve will host a conference call to discuss first quarter results the following morning, on Wednesday, April 30, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and control produ
3D Strategy and Flowserve Business System Deliver Sales and Earnings Growth Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the fourth quarter and full year ended December 31, 2024. Highlights (unaudited): Fourth quarter bookings of $1.2 billion, including $618 million of aftermarket activity Power bookings increased more than 40% year-over-year, with over $110 million in nuclear awards during the fourth quarter Gross margin and adjusted1 gross margin2 of 31.5% and 32.8%, respectively, increased 240 and 300 basis points versus the prior year period Operating income
Flowserve Corporation (NYSE:FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, will issue its fourth quarter 2024 earnings release after the close of the New York Stock Exchange (NYSE) on Tuesday, February 18. Flowserve will host a conference call to discuss fourth quarter results the following morning, on Wednesday, February 19, at 10:00 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve Corporation is one of the world's leading providers of fluid motion and c
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable January 10, 2025, to shareholders of record as of the close of business on December 27, 2024. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board of Directors at its discretion. About Flowserve: Flowserve Corporation
Bookings of $1.20 billion, an increase of 12.7% compared to prior year, including $615 million of aftermarket activity and record levels of 3D strategy bookings Power bookings increased nearly 30% year-over-year, including over $100 million in nuclear awards during the third quarter Adjusted Gross and Operating Margins1 of 32.4% and 11.1%, respectively, an increase of 270 and 240 basis points compared to prior year period Third quarter Reported and Adjusted2 Earnings Per Share (EPS)3 of 44 cents and 62 cents, an increase of 26% and 24%, respectively, and both include a 7 cent unfavorable impact from a discrete charge for certain long-term liabilities Generated strong operating cash
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its third quarter 2024 results after the close of the New York Stock Exchange (NYSE) on Monday, October 28. The following morning, on Tuesday, October 29, the company will hold its conference call with the financial community at 10 a.m. Eastern time. Scott Rowe, President and Chief Executive Officer, and other members of management will present. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve's Investors page. About Flowserve Flowserve
Enhances Flowserve's severe service portfolio targeting key growth sectors in mining, mineral extraction and process industries Demonstrates company's commitment to value-creating, inorganic growth through a disciplined capital allocation approach Flowserve Corporation ("Flowserve") (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it has completed the acquisition of MOGAS Industries ("MOGAS"). This transaction helps strengthen Flowserve's presence in mission-critical severe service valves and associated aftermarket services. "We welcome the MOGAS team to Flowserve and look forward to leveraging our industr
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable on October 11, 2024, to shareholders of record as of the close of business on September 27, 2024. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board of Directors at its discretion. About Flowserve: Flowserve Corporat
Second quarter Reported and Adjusted1 Earnings Per Share (EPS)2 of 55 cents and 73 cents, an increase of 41% and 40%, respectively, driven by strong operational execution Bookings of $1.25 billion were the highest quarterly level since 2014 and includes record aftermarket activity of more than $610 million Adjusted Gross and Operating Margins3 of 32.3% and 12.5%, respectively, increased 200 and 210 basis points compared to prior year Raised full-year 2024 Adjusted EPS guidance4 to $2.60 to $2.75 Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the second