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Last $56.64 USD
Change Today -0.73 / -1.27%
Volume 1.2M
FLS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

flowserve corp (FLS) Snapshot

Open
$57.38
Previous Close
$57.37
Day High
$57.52
Day Low
$56.29
52 Week High
06/20/14 - $78.97
52 Week Low
01/29/15 - $52.75
Market Cap
7.6B
Average Volume 10 Days
1.4M
EPS TTM
$3.73
Shares Outstanding
134.7M
EX-Date
03/25/15
P/E TM
15.2x
Dividend
$0.72
Dividend Yield
1.17%
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.

18,000 Employees
Last Reported Date: 02/17/15
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 Corporation to Supply Control and Automated On/Off Valves to Klabin's New Giant Pulp Mill in Brazil

Flowserve Corporation announced that its operation in Brazil has been selected to supply all ball sector control valves, ball valves and butterfly valves for the new Klabin mill (Project Puma) located in the city of Ortigueira, Parana state, southern Brazil. In total, more than 1,500 rotary control and automated on/off valves will be supplied from Flowserve to the Klabin Puma Project, including products under the NAF, PMV, Atomac and Worcester brands. The valves will be included as part of supply agreements with a number of different participating engineering, procurement and construction (EPC) contractors. The orders were booked in the fourth quarter of 2014.

Flowserve Mulls Acquisitions

Flowserve Corp. (NYSE:FLS) intends to pursue acquisitions. Flowserve announced an underwritten public offering, the net proceeds of which will be used to repay the current balance on the company's revolving credit facility, which was the predominant source of funds for the acquisition of SIHI Group B.V. in January 2015, and use the remainder for general corporate purposes, which may include acquisitions.

Flowserve Corp. Announces Executive Changes

Flowserve Corp. announced that Michael Taff, senior vice president and chief financial officer, will be leaving the company. To ensure a smooth transition, Taff will be staying on through March 31. Malcolm Platt, vice president, finance for the Industrial Product Division, will serve as interim chief financial officer with primary responsibility for operational finance functions. Platt joined Flowserve in 2002, and has served in his current role since January 2012. Prior to his current role, he held various positions of increasing responsibility within the company's finance organization.

 

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Industry Analysis

FLS

Industry Average

Valuation FLS Industry Range
Price/Earnings 15.0x
Price/Sales 1.6x
Price/Book 3.9x
Price/Cash Flow 14.7x
TEV/Sales 1.2x
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