Flowserve Corp Stock Price, News & Analysis

Flowserve Corporation (NYSE: FLS) reported its financial results for Q4 and full year 2020. Q4 EPS was $0.43, with adjusted EPS at $0.53. Total bookings decreased by 21.6% to $825.1 million. Sales for Q4 reached $985.3 million, down 7.8%. Full year EPS was $0.89; adjusted EPS was $1.74, with total bookings at $3.41 billion. The company aims for 2021 adjusted EPS guidance of $1.30 - $1.55, with expected revenue declining by 4.0% to 7.0%. CEO Scott Rowe expressed optimism for growth as pandemic impacts lessen.

Flowserve Corporation (NYSE: FLS) has announced a quarterly cash dividend of $0.20 per share on its outstanding shares of common stock. The dividend will be payable on April 9, 2021, to shareholders of record as of the close of business on March 26, 2021. While the company intends to maintain regular quarterly dividends, future payments will be evaluated and declared at the Board's discretion, highlighting a cautious approach to dividend sustainability amidst potential economic uncertainties.

Flowserve Corporation (NYSE: FLS) has postponed its fourth quarter and full year 2020 earnings release due to severe weather conditions in the Dallas area, including rolling blackouts. The revised date for the earnings announcement is now set for after the NYSE close on February 23, 2021, followed by a conference call scheduled for February 24 at 11 a.m. ET. The company emphasizes the decision was made to ensure employee safety amidst ongoing weather challenges.

Flowserve Corporation (NYSE: FLS) announced it will release its Q4 and full year 2020 results on February 18, 2021, after market close. A conference call is scheduled for February 19 at 11 a.m. ET featuring CEO Scott Rowe and management. Interested parties can access earnings materials via the Investor Relations section of the Flowserve website. The press release includes forward-looking statements regarding future performance, with associated risks and uncertainties that may impact actual results.

Flowserve Corporation (NYSE: FLS) has launched RedRaven, a groundbreaking IoT service suite designed for remote asset monitoring and predictive maintenance. This platform can significantly reduce factory maintenance costs by up to 40%, enhance safety, and extend equipment life by 20%. RedRaven supports all manufacturers' flow control equipment and features a dedicated monitoring facility staffed by technical specialists. Flowserve aims to bolster digital transformation in industries like oil and gas, water, and manufacturing, addressing the critical need for operational continuity revealed by the COVID-19 pandemic.

Flowserve Corporation (NYSE: FLS) has announced a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend is set for payment on January 8, 2021, to shareholders of record as of December 24, 2020. While Flowserve intends to maintain regular quarterly dividends, future payments will be assessed individually by the Board of Directors at their discretion. This development reflects the company’s ongoing commitment to returning value to shareholders.

Flowserve Corporation (NYSE: FLS), a global leader in flow control products and services, announced that CEO Scott Rowe will present at the Credit Suisse 8th Annual Virtual Industrials Conference on December 2, 2020, from 12:30 to 1:00 p.m. EST. The presentation will be accessible via a webcast for shareholders and interested parties on the company's website under the Investor Relations section. Flowserve operates in over 55 countries and specializes in engineered pumps, seals, valves, and flow management services. For more information, visit www.flowserve.com.

Flowserve Corporation (NYSE: FLS) announced that CEO Scott Rowe will present virtually at the Baird 2020 Global Industrial Conference on November 10, 2020, from 12:15 to 12:45 p.m. EST. The presentation aims to discuss Flowserve's strategic initiatives in the flow control market. A webcast will be available for shareholders and interested parties on Flowserve's Investor Relations page. Flowserve operates in over 55 countries, providing engineered pumps, seals, valves, and flow management services.

Flowserve Corporation (NYSE: FLS) reported its third quarter 2020 financial results, revealing a 21.2% drop in total bookings, totaling $806.1 million. Sales decreased by 7.2% to $924.3 million. The company achieved an EPS of $0.39 and an adjusted EPS of $0.50. Despite a challenging environment, Flowserve successfully met its $100 million cost savings target and launched new products. Management is optimistic about market recovery in 2021 as the COVID-19 pandemic stabilizes, although previous guidance for the year has been withdrawn.