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Last $46.99 USD
Change Today -0.06 / -0.13%
Volume 2.3M
FLS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

flowserve corp (FLS) Snapshot

Open
$47.53
Previous Close
$47.05
Day High
$49.65
Day Low
$46.93
52 Week High
09/3/14 - $77.77
52 Week Low
07/27/15 - $45.68
Market Cap
6.3B
Average Volume 10 Days
1.6M
EPS TTM
$3.37
Shares Outstanding
133.4M
EX-Date
06/24/15
P/E TM
14.0x
Dividend
$0.72
Dividend Yield
1.45%
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.

19,000 Employees
Last Reported Date: 07/30/15
Founded in 1912

flowserve corp (FLS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $693.5K
Senior Vice President and Executive-At-Large
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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

Flowserve Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of $1,162,247,000 against $1,224,378,000 a year ago. Operating income was $127,577,000 against $194,315,000 a year ago. Earnings before income taxes were $107,552,000 against $175,959,000 a year ago. Net earnings attributable to the company were $75,008,000 or $0.56 per basic and diluted share against $123,513,000 or $0.90 per basic and diluted share a year ago. For the six months, the company reported sales of $2,176,867,000 against $2,292,514,000 a year ago. Operating income was $220,953,000 against $358,640,000 a year ago. Earnings before income taxes were $165,702,000 against $322,561,000 a year ago. Net earnings attributable to the company were $102,674,000 or $0.76 per diluted share against $231,247,000 or $1.67 per diluted share a year ago. Net cash flows provided by operating activities was $18,064,000 against net cash flows used in operating activities of $11,267,000 a year ago. Capital expenditures were $113,794,000 against $53,666,000 a year ago. Based upon current market conditions and traditional seasonality, but supported by a solid backlog and strong operating profile, the company revised its 2015 adjusted EPS guidance to $3.10 to $3.40 and now expects full-year revenues, excluding SIHI, to be down 10% to 15% versus prior year, which includes an expected 10% currency headwind. Currency changes are a major year-over-year factor in its guidance. And as the company indicated previously, a roughly 10% FX headwind on revenues impacts EPS by around $0.40. Consistent with its previous approach, the company guidance excludes both SIHI's revenues and its expected $0.25 per share net dilution for the year. The company adjusted EPS range also excludes the expense of its $100 million realignment plan, below the line currency impacts, as well as other specific onetime events such as the first quarter's Venezuelan re-measurement. The company guidance also suggests that 2015 will reflect its traditional seasonality, with earnings more weighted to the second half of the year. SIHI has been performing in line with its expectations and is expected to follow a similar seasonal trend. Finally, the company still expects capital expenditures in the $170 million to $180 million range for 2015. At this level, the company will continue to position its business to grow organically and profitably by improving its capabilities around the world.

Flowserve Corporation Releases Gestra BK37-5 Thermostatic Bimetallic Steam Trap

Flowserve Corporation has announced the release of the Flowserve Gestra BK37-5 thermostatic bimetallic steam trap. End users can achieve significant annual energy savings per unit with the BK37-5, which does not consume live steam during operation and can save up to 0.9 kg (2 lb) per hour of steam consumption when compared with TD and inverted bucket steam traps. The BK37-5 is designed specifically for all pressures from 0.7 to 45 bar (10 to 650 psi) and is suitable for both saturated and superheated steam. Its normally open function allows for automatic air-venting and high-ratio startup, and the trap's operation is unaffected by pipeline orientation, allowing it to be installed in any position. The BK37-5 also features the field-proven BK46 regulator, which is not affected by water hammer or ambient conditions and has demonstrated reliability, durability and energy efficiency in harsh environments.

Flowserve Corp. to Report Q2, 2015 Results on Jul 30, 2015

Flowserve Corp. announced that they will report Q2, 2015 results After-Market on Jul 30, 2015

 

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Industry Analysis

FLS

Industry Average

Valuation FLS Industry Range
Price/Earnings 16.4x
Price/Sales 1.3x
Price/Book 3.5x
Price/Cash Flow 16.1x
TEV/Sales 0.9x
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