Flowserve Corporation

68.95+16.29 (+30.9%)

Oct 29, 4:00:02 PM EDT · NYSE · FLS · USD

Upcoming Earnings

Report date

EPS

0.83 (0.79 ~ 0.85)

Revenue

1.21B (1.20B ~ 1.21B)

Key Stats

Market Cap

9.02B

P/E (TTM)

20.04

Basic EPS (TTM)

3.44

Dividend Yield

Recent Filings

8-K

Flowserve appoints new FCD president

9/17/25Sep 17, 2025

Flowserve Corporation announced on September 17, 2025, that Kirk Wilson will step down as President of its Flow Control Division effective October 13, 2025, transitioning to a senior advisor role through January 9, 2026, with severance under the executive plan. Alice DeBiasio, formerly Vice President and General Manager at Carrier Corporation leading key segments, assumes the presidency on that date. Her expertise in industrial growth and digital transformation bolsters Flowserve's strategy. Transition ensures continuity.

10-Q

Q2 FY2025 results

7/30/25Jul 30, 2025

Flowserve posted solid Q2 results, with sales climbing 2.7% year-over-year to $1.19B, fueled by aftermarket strength in North America and Africa, while gross margins expanded to 34.2% from 31.6% thanks to pricing gains and tighter bidding. Operating income rose 20.9% to $146.6M, and diluted EPS held steady at $0.62 amid share repurchases, reconciling neatly with 131.6M weighted shares. Cash dipped to $629M after $53M in buybacks and dividends, yet free cash flow stayed positive at $76M (derived) with $661M revolver availability and total debt at $1.49B, including a $500M term loan at 5.77%. The MOGAS acquisition, closed October 2024 for $290M cash plus $15M contingent, added $127M goodwill and valve expertise for mining growth. Still, asbestos claims linger as a persistent drag.

8-K

Merger terminated, $266M payment

7/29/25Jul 29, 2025

Flowserve terminated its merger agreement with Chart Industries on July 28, 2025, after Chart accepted a superior proposal from Baker Hughes. Flowserve will receive a $266 million cash payment, including a $250 million termination fee and $16 million in expense reimbursement, by July 29. The parties mutually released all claims and signed a letter of intent to extend and expand their existing supply agreement. Deal off. Flowserve now eyes standalone growth.

8-K

Strong Q2 results, merger terminated

7/29/25Jul 29, 2025

Flowserve reported solid Q2 2025 results, with sales up 2.7% to $1.188 billion and adjusted EPS surging 24.7% to $0.91, fueled by margin expansion to 34.9% and robust $154 million operating cash flow. Yet the company terminated its merger with Chart Industries after Chart accepted a superior Baker Hughes bid, pocketing a $266 million termination fee. Flowserve raised full-year adjusted EPS guidance to $3.25-$3.40. Termination boosts liquidity.

8-K

Flowserve-Chart merger announced

6/4/25Jun 4, 2025

Flowserve announced an all-stock merger of equals with Chart Industries on June 3, 2025, converting each Chart share into 3.165 Flowserve shares, yielding Chart shareholders 53.5% ownership in the combined entity. This creates a $19 billion enterprise value platform with $8.8 billion in revenue, $3.7 billion in aftermarket sales, and exposure to high-growth markets like LNG and nuclear, while promising $300 million in annual cost synergies within three years. Integration risks loom large, including regulatory hurdles and execution challenges.

About

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The company offers custom engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems, replacement parts, and related aftermarket services; and manufactures gas-lubricated mechanical seal for gas pipelines and in the oil and gas production and process markets. It also provides equipment services, including installation, commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions. In addition, the company offers engineered-to-order and configured-to-order isolation valves, control valves, valve automation products and related services and equipment; and actuators, positioners, and switches used to control, direct and manage the flow of liquids, gases and multi-phase fluids, and are a critical part of any flow control system. Further, it provides equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. The company sells under the Valtek, Argus, Worcester, Limitorque, and Durco brands. It serves oil and gas, power generation, chemical, water management and general industries, water management, and other general industries, including mining, food and beverage, steel, and pulp and paper industries. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was founded in 1790 and is headquartered in Irving, Texas.

CEO

Mr. Robert Scott Rowe

IPO

3/17/1980

Website

https://www.flowserve.com

Employees

16,000

Sector

Industrials

Industry

Specialty Industrial Machinery