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) 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.
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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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Flowserve Corporation (NYSE: FLS) has declared a quarterly cash dividend of $0.20 per share on its common stock, payable on January 14, 2022, to shareholders on record as of December 30, 2021. The company aims to maintain regular dividends in the future; however, dividends will be reviewed and declared at the Board's discretion. This announcement reflects Flowserve's commitment to providing returns to shareholders amid ongoing operational challenges and market uncertainties.