Last $58.92 USD
Change Today -1.73 / -2.86%
Volume 912.7K
FLS On Other Exchanges
Symbol
Exchange
Berlin
As of 11:17 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

flowserve corp (FLS) Snapshot

Open
$60.22
Previous Close
$60.65
Day High
$60.22
Day Low
$58.79
52 Week High
03/5/14 - $81.52
52 Week Low
01/29/15 - $52.75
Market Cap
7.9B
Average Volume 10 Days
1.4M
EPS TTM
$3.73
Shares Outstanding
134.7M
EX-Date
03/25/15
P/E TM
15.8x
Dividend
$0.72
Dividend Yield
1.09%
Current Stock Chart for FLOWSERVE CORP (FLS)

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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 Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $541.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $663.8K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $420.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $326.3K
Compensation as of Fiscal Year 2013.

flowserve corp (FLS) Key Developments

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.

Flowserve Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014; Reaffirms Earnings Guidance for the Year 2015

Flowserve Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported sales of $1,381,358,000, operating income of $238,749,000, earnings before income taxes of $227,303,000, net earnings attributable to company of $159,016,000 or $1.16 per diluted share compared to the sales of $1,389,440,000, operating income of $212,894,000, earnings before income taxes of $191,697,000, net earnings attributable to company of $141,082,000 or $1.01 per diluted share for the same quarter a year ago. Flowserve generated $445 million in operating cash flows in fourth quarter alone, an increase of nearly 18% over prior year. For the year, the company reported sales of $4,877,885,000, operating income of $789,832,000, earnings before income taxes of $733,190,000, net earnings attributable to company of $518,824,000 or $3.76 per diluted share, net cash flows provided by operating activities of $570,962,000, capital expenditures of $132,619,000 compared to the sales of $4,954,619,000, operating income of $760,283,000, earnings before income taxes of $693,021,000, net earnings attributable to company of $485,530,000 or $3.41 per diluted share, net cash flows provided by operating activities of $487,759,000, capital expenditures of $139,090,000 for the previous year. For full year 2015, the company reaffirms adjusted EPS target range of $3.60 to $4.00 on a revenue range between down 1% to up 3%. The company expects to invest $150 million to $160 million in capital expenditures during 2015. At this level, the company will continue to profitably grow business organically and to further increase capabilities around the world.

Flowserve Corporation Declares Quarterly Cash Dividend, Payable on April 10, 2015

Flowserve announced that its Board of Directors has authorized the payment of a quarterly cash dividend of $0.18 per share on the company's outstanding shares of common stock. This dividend represents a 12.5% increase compared to the $0.16 per share amount paid in January 2015. The dividend is payable on April 10, 2015, to shareholders of record as of the close of business on March 27, 2015.

 

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Industry Analysis

FLS

Industry Average

Valuation FLS Industry Range
Price/Earnings 16.4x
Price/Sales 1.7x
Price/Book 4.3x
Price/Cash Flow 16.0x
TEV/Sales 1.4x
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