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FLS Flowserve

Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Flowserve Pump Division and Flow Control Division. The Flowserve Pump Division segment provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services. The Flow Control Division segment involves engineered and industrial valves, control valves, actuators and controls and related services. The company was founded in 1790 and is headquartered in Irving, TX.

Company profile

Ticker
FLS
Exchange
NYSE
Website
www.flowserve.com/
CEO
R. Scott Rowe
Employees
Incorporated
New York
Location
Texas
Fiscal year end
Dec 31
Sector
Manufacturing > Pump and Pumping Equipment Manufacturing
Industry (SIC)
Pumps & Pumping Equipment
ITT • Xylem • Idex • Colfax • Graco • Ampco-Pittsburgh • Gorman-Rupp ...
Former names
DURCO INTERNATIONAL INC, DURIRON CO INC
SEC CIK
0000030625
Corporate docs
IRS number
310267900

FLS stock data

(
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News

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Benzinga's Top Ratings Upgrades, Downgrades For July 8, 2021
8 Jul 21
10 Biggest Price Target Changes For Thursday
8 Jul 21
DA Davidson lowered the price target for WD-40 Company (NASDAQ: WDFC) from $295 to $277. WD-40 shares gained 8% to $281.25 in pre-market trading.
Credit Suisse Upgrades Flowserve to Outperform, Raises Price Target to $48
8 Jul 21
Credit Suisse analyst John Walsh upgrades Flowserve (NYSE:FLS) from Neutral to Outperform and raises the price target from $43 to $48.
Benzinga's Top Ratings Upgrades, Downgrades For July 7, 2021
7 Jul 21
Cowen & Co. Upgrades Flowserve to Outperform, Announces $48 Price Target
7 Jul 21

Press releases

Pro users get this 30m faster
Flowserve Announces Dates for Second Quarter 2021 Financial Results
29 Jul 21
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the second quarter 2021 after
Flowserve to Present at Stifel 2021 Virtual Cross Sector Insight Conference
4 Jun 21
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Amy Schwetz, senior vice president and chief financial officer, will
Flowserve to Present at Cowen Sustainability & Energy Transition Summit
4 Jun 21
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Scott Rowe, president and chief executive officer, will present
Flowserve Announces Quarterly Cash Dividend of $0.20 Per Share
20 May 21
Flowserve Holds 2021 Annual Meeting of Shareholders
20 May 21

Calendar

3 May 21
31 Jul 21
31 Dec 21

Financial summary

Financial statements Chart FLS financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Flowserve earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 659.31M 659.31M 659.31M 659.31M 659.31M 659.31M
Cash burn (monthly) 145.32M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 583.71M n/a n/a n/a n/a n/a
Cash remaining 75.6M n/a n/a n/a n/a n/a
Runway (months of cash) 0.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

FLS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Jun 21 Lanesha Minnix Common Stock Payment of exercise Dispose F No No 42.98 1,084 46.59K 9,773
11 Jun 21 Lanesha Minnix Common Stock Option exercise Aquire M No No 0 2,839 0 10,857
11 Jun 21 Lanesha Minnix RSU Common Stock Option exercise Dispose M No No 0 2,666 0 21,544
20 May 21 Sujeet Chand Phantom Stock Common Stock Grant Aquire A No No 41.81 3,587 149.97K 9,940
20 May 21 John L Garrison JR Phantom Stock Common Stock Grant Aquire A No No 41.81 3,587 149.97K 16,457
20 May 21 McMurray Michael C. Phantom Stock Common Stock Grant Aquire A No No 41.81 3,587 149.97K 8,783
20 May 21 Carlyn R. Taylor Phantom Stock Common Stock Grant Aquire A No No 41.81 3,587 149.97K 5,043
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

FLS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.3% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 295 304 -3.0%
Opened positions 48 54 -11.1%
Closed positions 57 35 +62.9%
Increased positions 112 89 +25.8%
Reduced positions 83 117 -29.1%
13F shares
 Current Prev Q Change
Total value 4.72B 4.63B +1.9%
Total shares 121.52M 125.55M -3.2%
Total puts 51.5K 64.6K -20.3%
Total calls 83.5K 47.3K +76.5%
Total put/call ratio 0.6 1.4 -54.8%
Largest owners
 Shares Value Change
EdgePoint Investment 14.19M $550.55M -28.1%
Vanguard 12.12M $470.33M -12.4%
BLK Blackrock 11.45M $444.3M +58.9%
First Eagle Investment Management 11.18M $433.81M +0.3%
IVZ Invesco 11.12M $431.59M -21.0%
Caisse De Depot Et Placement Du Quebec 6.59M $255.79M -4.2%
Harris Associates L P 5.94M $230.35M +12.4%
Beutel, Goodman & Co 5.63M $218.44M +8.4%
FMR 4.93M $191.23M +65.0%
STT State Street 3.05M $119.07M -28.8%
Largest transactions
 Shares Bought/sold Change
EdgePoint Investment 14.19M -5.53M -28.1%
BLK Blackrock 11.45M +4.24M +58.9%
IVZ Invesco 11.12M -2.95M -21.0%
FMR 4.93M +1.94M +65.0%
Vanguard 12.12M -1.72M -12.4%
Norges Bank 0 -1.5M EXIT
TROW T. Rowe Price 2.06M -1.29M -38.4%
STT State Street 3.05M -1.23M -28.8%
Deprince Race & Zollo 964.64K +964.64K NEW
Alliancebernstein 1.04M +780.43K +306.3%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Circor International • Energy Recovery • SPX FLOW
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: acquisition, administer, alternative, begun, benchmark, called, cease, cessation, charge, clause, codification, confirmed, convention, dedesignated, dedesignation, digit, enforce, external, FCA, February, free, gain, geopolitical, ICE, index, inflection, mobility, Overnight, paused, percent, premium, proposed, published, question, ramped, redeemed, redemption, reject, roll, secondary, SOFR, successor, sustained, syndicated, thereunder, transition, UK, unforeseen, USD, vaccine, write
Removed: adding, announced, apply, April, arrangement, ASC, asserted, August, BEAT, binding, budget, cancellation, capitalized, cloud, collaborative, combat, commenced, commencement, comparability, computing, continuing, coupled, delayed, drove, emanating, employment, ensuring, entirety, evaluating, excessive, exercise, expedient, Exporting, extend, extreme, facilitate, fiscal, forfeited, forfeiture, freeze, guarantee, implement, implementation, implementing, implicit, imposed, incremental, Indian, initial, interaction, leased, legally, lessor, lifetime, machinery, manner, measured, modified, modify, negative, occur, occurring, OPEC, Organization, payroll, Petroleum, planning, pricing, producing, proportional, prospectively, purview, quantitative, rapidly, realized, removing, require, residual, retrospective, ROU, rupee, scope, separately, simplify, Simplifying, sponsor, stabilize, standalone, Subtopic, Supplemental, Targeted, term, test, unamortized, undiscounted, unit, variability, variable, VIE
From filing 10-Q 2021 Q1

Financial reports

View all
10-Q
2021 Q1
Quarterly report
3 May 21
10-K
2020 FY
Annual report
23 Feb 21
10-Q
2020 Q3
Quarterly report
13 Nov 20
NT 10-Q
Notice of late quarterly filing
6 Nov 20
10-Q
2020 Q2
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
18 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
2 May 19

Current reports

View all
8-K
Flowserve Holds 2021 Annual Meeting of Shareholders
25 May 21
8-K
Results of Operations and Financial Condition
3 May 21
8-K
Other Events
5 Mar 21
8-K
Results of Operations and Financial Condition
23 Feb 21
8-K
Other Events
17 Feb 21
8-K
Results of Operations and Financial Condition
5 Nov 20
8-K
Flowserve Corporation Announces Expiration and Results of Tender Offer for Its 1.250% Senior Notes Due 2022
22 Sep 20
8-K
Entry into a Material Definitive Agreement
16 Sep 20
8-K
Flowserve Corporation Announces Commencement of Tender Offer for Its 1.250% Senior Notes Due 2022
14 Sep 20
8-K
Other Events
8 Sep 20

Registration and prospectus

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25-NSE
Exchange delisting
19 Mar 21
424B2
Prospectus for primary offering
16 Sep 20
FWP
Free writing prospectus
14 Sep 20
424B2
Prospectus for primary offering
14 Sep 20
S-8
Registration of securities for employees
31 Oct 19
S-3ASR
Automatic shelf registration
10 Apr 19
S-3ASR
Automatic shelf registration
31 Mar 16
8-A12B
Registration of securities on exchange
16 Mar 15
424B5
Prospectus supplement for primary offering
10 Mar 15
FWP
Free writing prospectus
9 Mar 15

Proxies

View all
DEFA14A
Additional proxy soliciting materials
9 Apr 21
DEF 14A
Definitive proxy
9 Apr 21
PRE 14A
Preliminary proxy
29 Mar 21
DEFA14A
Additional proxy soliciting materials
18 May 20
DEFA14A
Additional proxy soliciting materials
12 May 20
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEF 14A
Definitive proxy
9 Apr 20
PRE 14A
Preliminary proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
14 May 19
DEFA14A
Additional proxy soliciting materials
11 Apr 19

Other

View all
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
NO ACT
No action letter
9 Feb 17
SD
Conflict minerals disclosure
26 May 16
NO ACT
No action letter
11 Feb 16
SD
Conflict minerals disclosure
31 May 15
CERTNYS
Certification of approval for NYSE listing
16 Mar 15

Ownership

View all
4
FLOWSERVE / Lanesha Minnix ownership change
15 Jun 21
11-K
Annual report of employee stock purchases
11 Jun 21
SC 13G/A
FLOWSERVE / EdgePoint Investment ownership change
10 Jun 21
4
FLOWSERVE / RUBY R CHANDY ownership change
24 May 21
4
FLOWSERVE / ROGER L FIX ownership change
24 May 21
4
FLOWSERVE / GAYLA J DELLY ownership change
24 May 21
4
FLOWSERVE / JOHN R FRIEDERY ownership change
24 May 21
4
FLOWSERVE / Carlyn R. Taylor ownership change
24 May 21
4
FLOWSERVE / David E Roberts Jr ownership change
24 May 21
4
FLOWSERVE / JOHN L GARRISON JR ownership change
24 May 21

Patents

GRANT
Utility
Impeller for a pump or turbine, and pump or turbine with impeller
21 Dec 20
The invention relates to an impeller for a pump or turbine, comprising at least one blade, which blade is provided on the pressure side thereof with a standing edge on its outer peripheral edge zone.
GRANT
Utility
Side-channel pump
6 Jul 20
A side-channel pump having a pump housing in which an operating chamber which is provided with a side channel and a motor are arranged, and having an impeller in the operating chamber which rotates with a shaft which is driven by the motor.
GRANT
Utility
Fluid ring compressor
16 Mar 20
A fluid ring compressor comprises a first single-acting compression stage having a first impeller eccentrically mounted in a housing and a second single-acting compression stage having a second impeller eccentrically mounted in a housing.

Transcripts

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2021 Q1
Earnings call transcript
4 May 21
2020 Q4
Earnings call transcript
24 Feb 21
2020 Q3
Earnings call transcript
6 Nov 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
18 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
3 May 19
2018 Q4
Earnings call transcript
21 Feb 19

Reddit threads

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