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.
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Flowserve Corporation (NYSE:FLS) will release its Q1 2023 earnings after the NYSE closes on May 1, 2023. A conference call is scheduled for May 2, 2023, at 11 a.m. ET, featuring CEO Scott Rowe and other management members. The call will provide insights into the company's financial performance and strategic initiatives. Shareholders can access the earnings materials and the conference call webcast through Flowserve's Investors page.
Flowserve Corporation (NYSE:FLS) announced the election of Thomas Okray to its board of directors and audit committee, effective April 12, 2023. Okray's extensive experience spans roles as CFO at Eaton Corporation, Grainger, and Advance Auto Parts, along with finance leadership positions at General Motors and Amazon. Scott Rowe, Flowserve's president and CEO, expressed optimism about Okray's potential contributions, emphasizing his insights into business innovation and strategic development. David Roberts, chairman of the board, highlighted that Okray's background will be vital for Flowserve's evolving focus on its 3D strategy. Okray holds a Bachelor of Science in chemical engineering and an MBA, indicating a strong educational foundation to support Flowserve’s objectives.
Flowserve Corporation (NYSE:FLS) has announced that CEO Scott Rowe will participate in a fireside chat at the 2023 Bank of America Global Research Global Industrials Conference in London on March 22, 2023. CFO Amy Schwetz will also attend the 17th Annual UBS Infrastructure and E&C Conference in Irving, TX on March 23, 2023. A live webcast of Rowe's presentation will be available on Flowserve’s Investor Resources page at 10:35 a.m. GMT. Flowserve is a leading provider of flow control products and services, operating in over 55 countries. For more information, visit www.flowserve.com.
Flowserve Corporation (NYSE: FLS) has declared a quarterly cash dividend of $0.20 per share on its common stock. This dividend is set for payment on April 7, 2023, for shareholders of record by March 24, 2023. Flowserve aims to continue paying regular quarterly dividends; however, future amounts will be assessed and approved by the Board of Directors on an individual basis. The company operates in over 55 countries, providing fluid motion and control products and services.