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 manufacturer of fluid motion and flow control products and services, and its news flow reflects activity across energy, chemical, power generation and other infrastructure-related markets. Company press releases and Form 8-K filings highlight developments in its engineered and industrial pumps, valves, seals and flow management services, as well as strategic moves that affect its business profile.
On this page, readers can follow FLS news related to quarterly earnings results, bookings and segment performance, including updates from the Flowserve Pumps Division and Flow Control Division. Flowserve regularly reports on bookings, sales, margins, cash from operations and guidance, and it uses non-GAAP measures such as adjusted earnings per share to discuss underlying trends in its business.
Flowserve’s news also covers strategic transactions, such as the acquisition of Greenray Turbine Solutions, Ltd., a provider of aftermarket products and services for industrial gas turbines, and the divestiture of BW/IP – New Mexico, Inc., a subsidiary holding legacy asbestos liabilities and related insurance assets. Other releases describe portfolio adjustments, including the transfer of a herringbone gear pump product line to CIRCOR International under an asset transaction.
Investors and followers of FLS can track capital allocation updates, including announcements of quarterly cash dividends and commentary on how divestitures and cash flows may influence future investment priorities. Governance and leadership changes, such as the appointment of a new president for the Flow Control Division or decisions by directors regarding re-election, are also disclosed through news releases and corresponding Form 8-K filings.
By reviewing the Flowserve news feed, users can see how the company communicates about its operating performance, risk factors, international exposure and strategic priorities within the pump and pumping equipment manufacturing industry.
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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Flowserve Corporation (NYSE: FLS) has secured a contract to supply 5,000 industrial process pumps to TMGcore, a Texas-based provider of high-performance computing solutions. These pumps will be utilized in patented immersion cooling units designed to enhance energy efficiency and manage higher heat loads in data centers. This collaboration signifies Flowserve's commitment to innovative technologies and sustainability. The partnership aligns with Flowserve's strategy to diversify and digitize its market presence, showcasing the company's capabilities in supporting advanced cooling technologies.
Flowserve Corporation (NYSE: FLS) announced CEO Scott Rowe's participation in multiple upcoming industry conferences, including the Cowen Sustainability & Energy Transition Summit on June 8 and the Stifel 2022 Boston Cross Sector Insight Conference on June 9. Additionally, Flowserve management will meet at the UBS Global Industrials and Transportation Conference on June 7. Webcasts of these discussions will be available for shareholders on their website.
Flowserve is a leading provider of flow control products, operating in over 55 countries.
Flowserve Corporation (NYSE: FLS) has announced a quarterly cash dividend of $0.20 per share, payable on July 8, 2022, to shareholders of record as of June 24, 2022. The company intends to maintain regular quarterly dividends, though any future dividends will be at the Board's discretion. Flowserve is a major player in flow control products and services, operating in over 55 countries, providing engineered and industrial pumps, seals, valves, and flow management services.
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.