Flowserve Corporation (FLS) - NYSE
  • Fri, Jan. 15, 8:11 PM
    • Flowserve (FLS -3.2%) says it's reached a global preferred supplier agreement with Veolia Group (OTCPK:VEOEY -3.3%).
    • The deal makes Flowserve a preferred provider of pumps -- deep-well submersible pumps, clear-water single and multi-stage pumps -- and associated services.
    • The deal goes through August 2018.
    | Fri, Jan. 15, 8:11 PM | 4 Comments
  • Jul. 27, 2015, 11:01 AM
    • Flowserve (FLS -2%) heads to a new 52 week low of $45.68/share after being downgraded to Hold from Buy at BB&T Capital.
    • The stock has fallen more than 40% over the past year.
    | Jul. 27, 2015, 11:01 AM | 2 Comments
  • Mar. 13, 2015, 10:28 AM
    • CB&I (CBI -7.5%) appoints Michael Taff as CFO and executive VP, effective April 1, succeeding the retiring Ronald Ballschmiede.
    • Taff has more than 30 years' experience of financial experience, and joins CBI from Flowserve (FLS -3.5%), where he served as senior VP and CFO, after previously serving as CFO of McDermott.
    • Ballschmiede had been CBI's CFO and executive VP since 2006, and no reason was given for his retirement.
    | Mar. 13, 2015, 10:28 AM | 16 Comments
  • May 12, 2014, 2:59 PM
    • Flowserve (FLS +2.6%) enjoys a Barron's bounce following a weekend profile which describes the specialist in fluid control products as thriving along with its industrial customers.
    • Shares have more than tripled since Sept. 2011 to a recent $75, but Roosevelt Investment's Lee Caleshu sees FLS earning $5/share next year and commanding a P/E ratio of 18, which implies a stock price of $90 if the engineering and construction industry can meet growth expectations.
    • Past accounting irregularities have been replaced by a disciplined capital allocation policy geared to returning cash to shareholders; analysts see FLS generating $2B of free cash flow from 2014-18, with much of it going to shareholders.
    | May 12, 2014, 2:59 PM
  • Feb. 22, 2013, 1:35 PM

    Flowserve (FLS +3.3%) moves up on a slightly better than expected Q4 report late yesterday. Net earnings rose 13% as the valve-and-pump manufacturer recorded sales growth across all business segments. Sales in the engineered-product division, its largest top-line contributor, grew 7.2%, while the industrial-product division's revenue rose 1.5% and its flow-control division were up 4.4% . Gross margin widened to 33.7% from 33.2% despite a 4.2% rise in input costs.

    | Feb. 22, 2013, 1:35 PM
  • Jul. 30, 2012, 5:08 PM
    Flowserve (FLS): Q2 EPS of $1.93 beats by $0.01. Revenue of $1.18M (+5% Y/Y) misses by $20M. Shares +1.5% AH. (PR)
    | Jul. 30, 2012, 5:08 PM
  • Jun. 4, 2012, 9:49 AM

    Moody’s places its ratings on Flowserve (FLS +1.2%) on review for a possible upgrade after the maker of industrial valves and pumps unveiled a new capital structure program that included authorization for the expansion of its stock buyback program to $1B.

    | Jun. 4, 2012, 9:49 AM
  • Nov. 18, 2011, 11:09 AM

    Flowserve (FLS +2.3%) gains after Wedbush initiates it with an Outperform. Wedbush says the company's build-out of its high margin after-market platform is creating a more steady growth profile, and should provide solid EPS growth over the next few years.

    | Nov. 18, 2011, 11:09 AM
Company Description
Flowserve Corp. develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials in its customer's critical processes. It also engaged in providing fluid motion and control products and services. The company... More
Industry: Diversified Machinery
Country: United States