Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.
Company profile
Ticker
FLS
Exchange
Website
CEO
R. Scott Rowe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DURCO INTERNATIONAL INC, DURIRON CO INC
SEC CIK
Corporate docs
Subsidiaries
ARABIAN SEALS COMPANY, LTD. • AUDCO ITALIANA S.R.L. • AUDCO LIMITED • BW/IP NEW MEXICO, INC. • CALDER GMBH • FLOWCOM INSURANCE COMPANY, INC. • FLOWSERVE - AL MANSOORI SERVICES COMPANY LTD. • FLOWSERVE - AL RUSHAID COMPANY LTD • FLOWSERVE (AUSTRIA) GMBH • FLOWSERVE (MAURITIUS) CORPORATION ...
IRS number
310267900
FLS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
SD
Conflict minerals disclosure
31 May 23
8-K
Submission of Matters to a Vote of Security Holders
30 May 23
8-K
Results of Operations and Financial Condition
1 May 23
10-Q
2023 Q1
Quarterly report
1 May 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Apr 23
ARS
2022 FY
Annual report to shareholders
13 Apr 23
DEFA14A
Additional proxy soliciting materials
13 Apr 23
DEF 14A
Definitive proxy
13 Apr 23
8-K
Departure of Directors or Certain Officers
12 Apr 23
10-K
2021 FY
Annual report
7 Mar 23
Transcripts
FLS
Earnings call transcript
2023 Q1
2 May 23
FLS
Earnings call transcript
2022 Q4
17 Feb 23
FLS
Earnings call transcript
2022 Q3
1 Nov 22
FLS
Earnings call transcript
2022 Q1
3 May 22
FLS
Earnings call transcript
2021 Q4
24 Feb 22
FLS
Earnings call transcript
2021 Q3
28 Oct 21
FLS
Earnings call transcript
2021 Q2
6 Aug 21
FLS
Earnings call transcript
2021 Q1
4 May 21
FLS
Earnings call transcript
2020 Q4
24 Feb 21
FLS
Earnings call transcript
2020 Q3
6 Nov 20
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 404.73 mm | 404.73 mm | 404.73 mm | 404.73 mm | 404.73 mm | 404.73 mm |
| Cash burn (monthly) | 10.08 mm | 14.26 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 22.39 mm | 31.66 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 382.34 mm | 373.07 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 37.9 | 26.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
99.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 260 |
| Opened positions | 55 |
| Closed positions | 38 |
| Increased positions | 83 |
| Reduced positions | 80 |
| 13F shares | Current |
|---|---|
| Total value | 3.96 tn |
| Total shares | 131.04 mm |
| Total puts | 37.30 k |
| Total calls | 83.70 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 13.08 mm | $401.26 bn |
| FMR | 12.44 mm | $381.54 bn |
| BLK Blackrock | 11.23 mm | $344.53 bn |
| First Eagle Investment Management | 11.01 mm | $337.75 bn |
| Wellington Management | 10.91 mm | $334.65 bn |
| Harris Associates L P | 6.49 mm | $199.26 bn |
| Beutel, Goodman & Co | 6.42 mm | $196.19 bn |
| Nordea Investment Management Ab | 5.51 mm | $167.90 bn |
| BK Bank Of New York Mellon | 4.65 mm | $142.75 bn |
| STT State Street | 3.68 mm | $113.73 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 May 23 | John L Garrison JR | Phantom Stock Common Stock | Grant | Acquire A | No | No | 33.68 | 4,453 | 149.98 k | 27,855 |
| 25 May 23 | Roberts David E Jr | Phantom Stock Common Stock | Grant | Acquire A | No | No | 33.68 | 4,453 | 149.98 k | 48,073 |
| 25 May 23 | Gayla J Delly | Common Stock | Grant | Acquire A | No | No | 33.68 | 4,453 | 149.98 k | 18,387 |
| 25 May 23 | McMurray Michael C. | Common Stock | Grant | Acquire A | No | No | 33.68 | 4,453 | 149.98 k | 4,453 |
| 25 May 23 | Sujeet Chand | Phantom Stock Common Stock | Grant | Acquire A | No | No | 33.68 | 4,453 | 149.98 k | 19,544 |
News
Newmont Taps Former Hess Director As CFO On Heels Of $19B Newcrest Acquisition
19 May 23
RBC Capital Maintains Sector Perform on Flowserve, Raises Price Target to $38
3 May 23
Goldman Sachs Maintains Sell on Flowserve, Raises Price Target to $34
3 May 23
Flowserve Q1 Adj EPS $0.40 Beats $0.25 Estimate, Sales $980.30M Beat $898.89M Estimate
1 May 23
Earnings Scheduled For May 1, 2023
1 May 23
Press releases
Flowserve to Participate in June Investor Conferences
1 Jun 23
Flowserve Announces Quarterly Cash Dividend of $0.20 Per Share
31 May 23
Flowserve Holds 2023 Annual Meeting of Shareholders
30 May 23
Velan Inc. Reports Solid Fourth Quarter Financial Results to Close Fiscal Year 2022/23
17 May 23
Flowserve to Present at Goldman Sachs Industrials & Materials Conference and Participate Virtually in the Oppenheimer 18th Annual Industrial Growth Conference
4 May 23