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) announced it will supply Pfizer with essential pumps, valves, and seals to enhance COVID-19 vaccine production. The urgent need for a mechanical mixer seal led to expedited support from Flowserve’s Kalamazoo team. Additionally, over 200 Worcester cryogenic ball valves and various pumps will be provided from their facilities in Cookeville, Virginia, and Germany. Flowserve expresses commitment to partnering with Pfizer during this critical time, emphasizing their long-standing relationship since 1997.
Flowserve Corporation (NYSE: FLS) announced that CEO Scott Rowe will present at the 26th Annual Credit Suisse Energy Summit on March 2, 2021, from 11:40 a.m. to 12:10 p.m. CST. The presentation will be available via webcast for shareholders and interested parties at www.flowserve.com in the Investor Relations section. Flowserve is a prominent provider of fluid motion and control products, operating in over 55 countries and specializing in engineered pumps, seals, and valves.
Flowserve Corporation (NYSE: FLS) announced that CFO Amy Schwetz will present virtually at the Gabelli Fund's 31st Annual Pump, Valve & Water Systems Symposium on February 25 at 12:30 p.m. ET. Shareholders and interested parties can access the webcast on Flowserve's website under the 'Investor Relations' section. Flowserve is a leading provider of flow control products, operating in over 55 countries and offering engineered and industrial pumps, seals, and valves.
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.