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 (NYSE: FLS) held its 2025 Annual Meeting of Shareholders where shareholders re-elected nine directors and added a new board member, Ross B. Shuster. After 13 years of service, David E. Roberts stepped down, with John L. Garrison assuming the role of Independent Chairman. Shareholders approved key proposals including executive compensation (98.3% in favor) and the appointment of PricewaterhouseCoopers LLP as the independent auditor.
Additionally, the Board declared a quarterly cash dividend of $0.21 per share, payable on July 11, 2025, to shareholders of record as of June 27, 2025. The company intends to maintain regular quarterly dividends, subject to Board review and approval.
Flowserve Corporation (NYSE: FLS) has published its 2024 ESG Report titled "The Power of Purpose". The report demonstrates how the company's Flowserve Business System operational framework is advancing its ESG initiatives across Climate, Culture, and Core Responsibility areas. The document also highlights how the company's 3D growth strategy (decarbonization, diversification, and digitization) saw increased bookings in 2024, supporting both enterprise and sustainability goals for customers.
The report showcases Flowserve's product and manufacturing innovations, workforce achievements, and global community impact initiatives. The full report can be accessed on Flowserve's website.
Flowserve reported strong Q1 2025 results with bookings reaching $1.2 billion, including record aftermarket bookings of $690 million. The company's performance showed notable improvements with gross margin expanding to 32.3% and adjusted gross margin reaching 33.5%, up 110 and 180 basis points respectively year-over-year.
Key financial highlights include:
- Operating income of $132 million, up 17%
- Adjusted operating income of $147 million, up 24%
- Earnings per share of $0.56
- Adjusted EPS of $0.72, up 24.1%
The company's Power division saw bookings increase by over 45% year-over-year, with nuclear awards exceeding $100 million for the third consecutive quarter. Despite rising global uncertainty due to tariffs, Flowserve maintained its full-year 2025 guidance, projecting adjusted EPS of $3.10 to $3.30 and organic sales growth of 3% to 5%.
Flowserve (NYSE:FLS), a leading provider of flow control products and services for global infrastructure markets, has announced its upcoming first quarter 2025 earnings release schedule. The company will release its Q1 2025 financial results after the New York Stock Exchange closes on Tuesday, April 29. A conference call to discuss the quarterly results is scheduled for Wednesday, April 30, at 10:00 a.m. Eastern Time. Shareholders and interested parties can access the earnings materials and webcast through Flowserve's Investors page.
Flowserve (NYSE: FLS) has introduced the INNOMAG TB-MAG Dual Drive Pump, the world's first sealless pump with double hermetic sealing and secondary independent containment system. This innovative pump eliminates leaks and sets new safety standards for handling hazardous chemicals.
The pump features a unique design where both liquid and drive sections are sealed airtight, providing true secondary protection. Unlike traditional Canned Motor Pumps (CMPs), it maintains a liquid-free motor during failures and includes a non-metallic liner for enhanced chemical resistance.
Key features include:
- ISO/ASME compliance
- Simple installation and low maintenance
- Solids handling up to 30% volume concentration
- Modular design allowing standard INNOMAG TB-MAG pumps to be upgraded
Flowserve (NYSE: FLS) reported strong Q4 and full-year 2024 results, with Q4 bookings reaching $1.2 billion, including $618 million in aftermarket activity. The company achieved notable improvements in key metrics:
- Q4 gross margin increased to 31.5% (32.8% adjusted), up 240-300 basis points year-over-year
- Operating income rose to $125 million (14% increase) and adjusted operating income to $149 million (22% increase)
- Operating cash flow reached $197 million
- Power bookings grew over 40% year-over-year, with nuclear awards exceeding $110 million
For 2025, Flowserve projects organic sales growth of 3-5% and adjusted EPS of $3.10-$3.30, representing a 22% increase at midpoint versus 2024. The company also authorized a quarterly dividend of $0.21 per share, payable April 11, 2025.
Flowserve (NYSE: FLS), a leading flow control products and services provider for global infrastructure markets, has announced its participation in two upcoming investor events.
The first event is the Citi 2025 Global Industrial Tech and Mobility Conference in Miami on February 20th, where the company will participate in investor meetings. The second event is the Gabelli 35th Annual Pump, Valve & Water Systems Symposium in New York City on February 27th, featuring Amy Schwetz, Senior Vice President and Chief Financial Officer. At this event, Schwetz will participate in investor meetings and a fireside chat starting at 11:30 am ET.
Investors and interested parties can access the live fireside chat through Flowserve's Investors Page.
Flowserve (NYSE:FLS), a provider of flow control products and services for global infrastructure markets, has announced it will release its fourth quarter 2024 earnings after the NYSE market close on Tuesday, February 18. The company will hold a conference call to discuss the results on Wednesday, February 19, at 10:00 a.m. Eastern Time. Shareholders and interested parties can access the earnings materials and webcast through Flowserve's Investors page.
Flowserve (NYSE: FLS) has secured a contract to provide Dry Gas Seals and Dry Gas Seal Systems for Abu Dhabi National Oil Company's (ADNOC) carbon capture initiative. The project, in collaboration with Celeros Flow Technology, aims to capture and store 1.5 million tons of CO₂ annually, equivalent to emissions from 326,000 vehicles.
The initiative involves installing two high-pressure injection packages at ADNOC's Habshan gas plant, marking the first-ever continuous supercritical CO₂ pump injection services for enhanced oil recovery. The captured CO₂ will be transported from the Habshan facility to ADNOC's Bab Far North Field Development CO₂ Storage Hub. ADNOC targets increasing its carbon capture capacity to five million tons annually by 2030.