OverviewSuggest Edit

Flowserve Corporation is a provider of fluid motion and control products and services. It operates through two segments: Flowserve Pump Division and Flow Control Division. The Flowserve Pump Division offers pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and upgrades, and related aftermarket services. The Flow Control Division provides flow control solutions, including engineered and industrial valve and automation systems, isolation and control valves, actuation, controls, and related equipment. The company serves power, oil, gas, chemical, and other industries.

TypePublic
Founded1997
HQIrving, TX, US
Websiteflowserve.com
Employee Ratings3.7
Overall CultureF

Latest Updates

Employees (est.) (Dec 2020)16,000(-5%)
Job Openings596
Revenue (FY, 2020)$3.7 B(-5%)
Share Price (Oct 2021)$37(+4%)
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Key People/Management at Flowserve Corporation

R. Scott Rowe

R. Scott Rowe

President, Chief Executive Officer & Director
Elizabeth Burger

Elizabeth Burger

Senior Vice President, Chief Human Resources Officer
Keith Gillespie

Keith Gillespie

Senior Vice President, Chief Sales Officer
Lanesha Minnix

Lanesha Minnix

Senior Vice President, Chief Legal Officer & Corporate Secretary
Kirk Wilson

Kirk Wilson

President, Flow Control Division
Tamara M. Morytko

Tamara M. Morytko

President, Flowserve Pumps Division
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Flowserve Corporation Office Locations

Flowserve Corporation has offices in Irving, São Caetano do Sul, Suzhou, Desio and in 2 other locations
Irving, TX, US (HQ)
5215 N O'Connor Blvd #2300
Irving, TX, US
4343 W Royal Ln #106
São Caetano do Sul, BR
R. Tocantins, 128 - Nova Gerti
Suzhou, CN
No. 26 Lisheng Road, Suzhou Industrial Park
Desio, IT
Via Rossini, 90/92
Etten-Leur, NL
Parallelweg 6
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Flowserve Corporation Financials and Metrics

Flowserve Corporation Revenue

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Flowserve Corporation's revenue was reported to be $3.73 b in FY, 2020 which is a 5.5% decrease from the previous period.
USD

Revenue (Q1, 2021)

857.3m

Gross profit (Q1, 2021)

250.9m

Gross profit margin (Q1, 2021), %

29.3%

Net income (Q1, 2021)

17.2m

EBIT (Q1, 2021)

56.1m

Market capitalization (15-Oct-2021)

4.8b

Closing stock price (15-Oct-2021)

37.0

Cash (31-Mar-2021)

659.3m

EV

5.7b
Flowserve Corporation's current market capitalization is $4.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

3.8b3.9b3.7b

Revenue growth, %

5%3%(5%)

Cost of goods sold

2.6b2.6b2.6b

Gross profit

1.2b1.3b1.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

890.1m990.1m996.5m894.5m925.0m924.3m857.3m

Cost of goods sold

596.0m672.1m662.9m628.5m657.8m639.1m606.4m

Gross profit

294.1m318.0m333.7m266.0m267.2m285.2m250.9m

Gross profit Margin, %

33%32%33%30%29%31%29%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

619.7m671.0m1.1b

Accounts Receivable

792.4m795.5m753.5m

Prepaid Expenses

108.6m105.1m110.6m

Inventories

633.9m660.8m667.2m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

125.1m261.8m126.8m

Depreciation and Amortization

112.5m104.5m100.8m

Inventories

(29.3m)(31.1m)15.3m

Accounts Payable

(4.8m)22.9m(22.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

59.5m120.0m190.5m1.5m12.3m66.3m17.2m

Depreciation and Amortization

27.5m54.7m79.1m25.3m49.5m72.7m25.4m

Inventories

(49.5m)(47.6m)(68.7m)(43.2m)(36.6m)(52.0m)(17.0m)

Accounts Payable

(15.4m)(20.7m)(17.9m)(7.9m)(9.1m)(21.8m)(47.1m)
USDFY, 2018

EV/EBIT

23.6 x

EV/CFO

30.6 x

EV/FCF

54.6 x

Revenue/Employee

225.5k

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x

P/E Ratio

79.2
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Flowserve Corporation Operating Metrics

Flowserve Corporation's Backlog was reported to be $1.9b in FY, 2020. Flowserve Corporation's Enterprise Customers was reported to be 10 k in FY, 2020.
Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q3, 2021

Bookings

$928.5 m$1.04 b$1.01 b$4.02 b$1.07 b$1.11 b$1.02 b$4.2 b$976.9 m$808.3 m$806.1 m$3.41 b$945 m

Backlog

$1.84 b$1.83 b$1.85 b$1.89 b$2.07 b$2.16 b$2.14 b$2.16 b$894.5 m$1.85 b

Enterprise Customers

10 k10 k10 k

Pump Types Manufactured

404040
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Flowserve Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
Sterling SIHIJanuary 09, 2015$372.5 m
Innovative Mag-DriveDecember 10, 2013
Lawrence Pumps, Inc.October 04, 2011
CALDER GMBHApril 21, 2009
MF Sealing Systems Ltd.July 18, 2007
Canada Alloy Castings - AssetsDecember 01, 2006
HydroTechnik Olomouc, s.r.o.June 19, 2006
Ludowici Mineral Processing Equipment - AssetsApril 01, 2005
Innovative Valve TecghnologiesJanuary 12, 2000
Valtek Engineering Division - Allen Power EngineeringJuly 02, 1998
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Flowserve Corporation Revenue Breakdown

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Flowserve Corporation revenue breakdown by business segment: 71.7% from Flowserve Pump Division and 28.3% from Industrial Product Division

Flowserve Corporation revenue breakdown by geographic segment: 39.3% from United States, 37.2% from EMA, 14.4% from Asia and 9.2% from Other

Flowserve Corporation Online and Social Media Presence

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Flowserve Corporation Company Culture

  • Overall Culture

    F

    48/100

  • CEO Rating

    C

    70/100

  • Compensation

    D

    57/100

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Flowserve Corporation News and Updates

Recoiled Stocks in Momentum : Real Goods Solar ( NASDAQ : RGSE ), Flowserve Corporation ( NYSE : FLS )

Recoiled Stocks in Momentum : Real Goods Solar ( NASDAQ : RGSE ), Flowserve Corporation ( NYSE : FLS )

Flowserve Corp . stock underperforms Wednesday when compared to competitors

Flowserve Corp . stock underperforms Wednesday when compared to competitors

Flowserve Corporation Q2 adjusted earnings Miss Estimates

Flowserve Corporation (FLS) released a profit for its second quarter that climbed from the same period last year.

Flowserve Corporation Q2 adjusted earnings Miss Estimates

Flowserve Corporation Q2 adjusted earnings Miss Estimates

Flowserve Corp ( FLS ): Price Now Near $41 . 37 ; Daily Chart Shows An Uptrend on 20 Day Basis

Flowserve Corp ( FLS ): Price Now Near $41 . 37 ; Daily Chart Shows An Uptrend on 20 Day Basis

Flowserve Q1 Earnings

Earnings per share rose 33.33% over the past year to $0.28, which beat the estimate of $0.19.Revenue of $857,308,000 decreased by 4.15% from the same period last year, which beat the estimate of $812,830,000.
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Flowserve Corporation Frequently Asked Questions

  • When was Flowserve Corporation founded?

    Flowserve Corporation was founded in 1997.

  • Who are Flowserve Corporation key executives?

    Flowserve Corporation's key executives are R. Scott Rowe, Elizabeth Burger and Keith Gillespie.

  • How many employees does Flowserve Corporation have?

    Flowserve Corporation has 16,000 employees.

  • What is Flowserve Corporation revenue?

    Latest Flowserve Corporation annual revenue is $3.7 b.

  • What is Flowserve Corporation revenue per employee?

    Latest Flowserve Corporation revenue per employee is $233 k.

  • Who are Flowserve Corporation competitors?

    Competitors of Flowserve Corporation include ITT, HMS Group and Colfax Corporation.

  • Where is Flowserve Corporation headquarters?

    Flowserve Corporation headquarters is located at 5215 N O'Connor Blvd #2300, Irving.

  • Where are Flowserve Corporation offices?

    Flowserve Corporation has offices in Irving, São Caetano do Sul, Suzhou, Desio and in 2 other locations.

  • How many offices does Flowserve Corporation have?

    Flowserve Corporation has 7 offices.