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 reports news on flow control products and services for global infrastructure markets. The company produces engineered and industrial pumps, seals and valves, along with related flow management services, and operates in more than 50 countries serving industrial end markets such as oil and gas, chemical, power generation and water management.
Recurring Flowserve updates include quarterly operating results, margin and execution commentary tied to the Flowserve Business System, dividend actions, investor conference participation, board and leadership appointments, and material agreement or capital-structure disclosures.
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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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.