Flowserve Corporation (FLS)

NYSE: FLS · IEX Real-Time Price · USD
39.77
+0.30 (0.76%)
Sep 29, 2023, 4:03 PM EDT - Market closed
0.76%
Market Cap 5.22B
Revenue (ttm) 3.97B
Net Income (ttm) 237.70M
Shares Out 131.21M
EPS (ttm) 1.81
PE Ratio 21.97
Forward PE 18.22
Dividend $0.80 (2.01%)
Ex-Dividend Date Sep 21, 2023
Volume 1,544,948
Open 40.22
Previous Close 39.47
Day's Range 39.64 - 40.97
52-Week Range 23.89 - 41.02
Beta 1.61
Analysts Buy
Price Target 41.80 (+5.1%)
Earnings Date Oct 30, 2023

About FLS

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, the Middle East, Africa, Asia Pacific, and Europe. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnost... [Read more]

Sector Industrials
CEO Robert Scott Rowe
Employees 16,000
Stock Exchange NYSE
Ticker Symbol FLS
Full Company Profile

Financial Performance

In 2022, Flowserve's revenue was $3.62 billion, an increase of 2.09% compared to the previous year's $3.54 billion. Earnings were $188.69 million, an increase of 49.81%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for FLS stock is "Buy." The 12-month stock price forecast is $41.8, which is an increase of 5.10% from the latest price.

Price Target
$41.8
(5.10% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Here are 11 stocks Jim Cramer is watching, including Buffett's Berkshire and restaurant stocks

Here are some of the tickers on my radar for Friday, Sept. 29, taken directly from my reporter's notebook.

2 days ago - CNBC

Flowserve Hosts 2023 Analyst Day and Issues 2027 Financial Targets

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, will host its 2023 Analyst Day today in New ...

3 days ago - Business Wire

Flowserve Appoints Cheryl H. Johnson to Board of Directors

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its board of directors h...

10 days ago - Business Wire

Flowserve Announces 2023 Analyst Day

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced it plans to hold its 2023 Analyst D...

25 days ago - Business Wire

Flowserve and Velan Extend the Outside Date of their Arrangement Agreement

DALLAS, Texas & MONTREAL, Canada--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) and Velan Inc. (“Velan”) (TSX: VLN) today announced that they have extended the outside date (the “Outside Date”) o...

4 weeks ago - Business Wire

Flowserve Announces Quarterly Cash Dividend of $0.20 Per Share

DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has a...

6 weeks ago - Business Wire

Flowserve Corporation Reports Second Quarter 2023 Results; Raises 2023 Financial Guidance

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for th...

2 months ago - Business Wire

Flowserve Announces Dates for Second Quarter 2023 Financial Results

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its ...

2 months ago - Business Wire

Flowserve Releases 2022 ESG Report Detailing Climate, Culture and Core Responsibility Approach

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today the release of its 2022 Envi...

4 months ago - Business Wire

Flowserve to Participate in June Investor Conferences

DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it will participate in...

4 months ago - Business Wire

Flowserve Holds 2023 Annual Meeting of Shareholders

DALLAS--(BUSINESS WIRE)--Flowserve Corp. (NYSE: FLS) (the “Company”), a leading provider of flow control products and services for the global infrastructure markets, held its virtual 2023 Annual Meeti...

4 months ago - Business Wire

CORRECTION - Velan Inc. Reports Solid Fourth Quarter Financial Results to Close Fiscal Year 2022/23

MONTREAL, May 17, 2023 (GLOBE NEWSWIRE) -- In a press release issued under the same headline earlier today by Velan Inc. (TSX: VLN), please note that in the section about the Conference Call, the time...

4 months ago - GlobeNewsWire

Velan Inc. Reports Solid Fourth Quarter Financial Results to Close Fiscal Year 2022/23

MONTREAL, May 17, 2023 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourt...

4 months ago - GlobeNewsWire

Court Approves Plan of Arrangement For Acquisition of Velan by Flowserve

MONTREAL, May 16, 2023 (GLOBE NEWSWIRE) -- Velan Inc. (“Velan”) (TSX: VLN) today announced that the Superior Court of Québec has issued a final order approving the previously announced plan of arrange...

4 months ago - GlobeNewsWire

Velan Shareholders Approve Acquisition by Flowserve

MONTREAL, May 05, 2023 (GLOBE NEWSWIRE) -- Velan Inc. (“Velan”) (TSX: VLN) today announced that holders (the “Shareholders”) of subordinate voting shares (the “SVS”) and of multiple voting shares (the...

5 months ago - GlobeNewsWire

Flowserve to Present at Goldman Sachs Industrials & Materials Conference and Participate Virtually in the Oppenheimer 18th Annual Industrial Growth Conference

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Amy Schwetz, chief finan...

5 months ago - Business Wire

Flowserve Corporation Reports First Quarter 2023 Results; Raises 2023 Financial Guidance

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for th...

5 months ago - Business Wire

Flowserve Announces Dates for First Quarter 2023 Financial Results

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its ...

6 months ago - Business Wire

Flowserve Appoints Thomas Okray to Board of Directors

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its board of directors h...

6 months ago - Business Wire

Flowserve to Present at Bank of America's Global Industrials Conference and Attend the UBS 17th Annual Infrastructure Conference

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Scott Rowe, president an...

6 months ago - Business Wire

Flowserve and Clariter Announce Collaboration Agreement to Reduce Plastic Waste Through Commercial-Scale Chemical Recycling Plants

DALLAS & LUXEMBOURG--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, and Clariter, a global cleantech...

7 months ago - Business Wire

Flowserve Corporation Reports Fourth Quarter and Full Year 2022 Results

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for th...

7 months ago - Business Wire

Flowserve to Present at Gabelli Funds' 33RD Annual Pump, Valve and Water Systems Symposium and Citi's 2023 Global Industrial Tech and Mobility Conference

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Scott Rowe, president an...

8 months ago - Business Wire

Flowserve Announces Preliminary Fourth Quarter 2022 Results and Initiates 2023 Guidance

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced preliminary fourth quarter 2...

8 months ago - Business Wire

Flowserve to Acquire Velan in an All-cash Transaction Valued at Approximately $245 million (C$329 million)

DALLAS & MONTREAL--(BUSINESS WIRE)--Flowserve Corporation (“Flowserve”) (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, and Velan Inc.

8 months ago - Business Wire