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Last $56.03 USD
Change Today -0.62 / -1.09%
Volume 2.1M
FLS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

flowserve corp (FLS) Snapshot

Open
$56.60
Previous Close
$56.65
Day High
$56.78
Day Low
$55.99
52 Week High
06/20/14 - $78.97
52 Week Low
01/29/15 - $52.75
Market Cap
7.5B
Average Volume 10 Days
1.8M
EPS TTM
$3.51
Shares Outstanding
134.5M
EX-Date
03/25/15
P/E TM
15.9x
Dividend
$0.72
Dividend Yield
1.18%
Current Stock Chart for FLOWSERVE CORP (FLS)

flowserve corp (FLS) Related Businessweek News

No Related Businessweek News Found

flowserve corp (FLS) Details

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment and services, as well as manufactures gas-lubricated mechanical seals used in high-speed compressors. The IPD segment designs, manufactures, distributes, and services pre-configured engineered pumps and pump systems, including submersible motors for industrial markets. The FCD segment provides industrial valve and automation solutions comprising isolation and control valves, actuation, controls, and related equipment; and energy management products, such as steam traps, boiler controls and condensate, and energy recovery systems. Its products are used to control, direct, and manage the flow of liquids and gases. The company also offers aftermarket equipment services consisting of installation, advanced diagnostics, repair, and retrofitting. It primarily serves oil and gas, chemical, power generation, and water management markets, as well as general industries that include mining and ore processing, pharmaceuticals, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was founded in 1912 and is headquartered in Irving, Texas.

20,000 Employees
Last Reported Date: 04/30/15
Founded in 1912

flowserve corp (FLS) Top Compensated Officers

Chief Executive Officer, President and Indepe...
Total Annual Compensation: $1.0M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $693.5K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $430.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $361.9K
Compensation as of Fiscal Year 2014.

flowserve corp (FLS) Key Developments

Flowserve Corp. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Year 2015

Flowserve Corp. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $1,014,620,000 against $1,068,136,000 a year ago. Operating income was $93,376,000 against $164,326,000 a year ago. Earnings before income taxes were $58,151,000 against $146,603,000 a year ago. Net earnings attributable to company were $27,666,000 against $107,734,000 a year ago. Net earnings per diluted share attributable to company common shareholders were $0.20 against $0.78 a year ago. Net cash flows used by operating activities were $93,201,000 against $84,665,000 a year ago. Capital expenditures were $83,967,000 against $31,663,000 a year ago. On adjusted basis, for the year sales of $947,771,000, operating income was $130,809,000. Earnings before income taxes were $115,290,000, net earnings attributable to company were $78,605,000 and net earnings per diluted share were $0.58. The company revised its 2015 revenue and adjusted EPS guidance utilizing March 31, 2015 foreign currency rates and to reflect the current business environment. Full-year revenues, excluding SIHI, are now expected to be down 8% to 12%, reflecting a 10% currency headwind as compared to full year 2014. Constant currency revenue impact for the full year is expected to be between -2% to +2%. Primarily due to approximately $0.20 per share of additional negative impact from quarter-end currency rates, but also reflecting general market conditions, the company now expects adjusted EPS in the range of $3.25 to $3.65. Reflecting traditional seasonality, adjusted 2015 results are expected to be second half weighted.

Flowserve Corp. Appoints Karyn F. Ovelmen as Executive Vice President and Chief Financial Officer, Effective June 1, 2015

Flowserve Corp. announced that on April 27, 2015, the company announced that Karyn F. Ovelmen has been named as the company's Executive Vice President and Chief Financial Officer, effective June 1, 2015. Ms. Ovelmen is currently serving as Executive Vice President and Chief Financial Officer of LyondellBassell Industries N.V. Ms.Ovelmen has served as Executive Vice President and Chief Financial Officer of LyondellBassell Industries N.V. since October 2011. She also serves as a member of its Management Board, which oversees the strategies, policies and resources for that company.

Flowserve Corp. to Report Q1, 2015 Results on Apr 30, 2015

Flowserve Corp. announced that they will report Q1, 2015 results After-Market on Apr 30, 2015

 

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Industry Analysis

FLS

Industry Average

Valuation FLS Industry Range
Price/Earnings 17.7x
Price/Sales 1.6x
Price/Book 4.3x
Price/Cash Flow 17.4x
TEV/Sales 1.2x
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