Fairfield, NJ, United States
Fairfield, NJ, United States

The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Headquartered in Irving, Texas, which is a suburb of Dallas, Texas, Flowserve has over 15,000 employees in 51 countries. Flowserve sells products and offers aftermarket services to engineering and construction firms, original equipment manufacturers, distributors and end users. The Flowserve brand named originated in 1997 with a merger of BW/IP and Durco International.On August 21, 2007, Flowserve Corporation was recognized by CIO magazine as one of the 2007 CIO 100 Award Honorees. Wikipedia.


Time filter

Source Type

News Article | November 8, 2016
Site: www.newsmaker.com.au

Persistence Market Research analyzes the performance of the global pumps market over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 – 2024). The global pumps market is projected to register a CAGR of 4.6% in terms of revenue and 4.2% in terms of sales volume between 2016 and 2024. For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/pumps-market/toc Increasing investment in infrastructure, sanitation, and water and wastewater management in the Middle East and Asian countries such as GCC countries, India, and China is likely to boost the sales revenue of the global pumps market over the forecast period. Further, increasing demand for electricity across the world is strengthening the global power sector; with pumps being an integral part of each power plant, development in the power sector is expected to contribute significantly to the growth of the global pumps market through 2024. However, low-priced offerings by Chinese pump manufacturers and low replacement rates due to durable life and energy efficient centrifugal pumps are factors that are likely to restrict the growth of the global pumps market over the forecast period. Rising demand for energy efficient centrifugal pumps and the adoption of micro disc pumping and variable frequency drive technology for centrifugal pumps are some of the key trends observed in the global pumps market. On the basis of product type, the Centrifugal Pumps market is segmented into Single-stage Pump, Multi-stage Pump, Axial & Mixed Flow Pump, Submersible Pump, and Sealless & Circular Pump. On the basis of product type, the Positive Displacement Pumps market is segmented into Reciprocating Pump and Rotary Pump. On capacity basis (HP), each pump segment type is further sub-segmented into Small Pump, Medium Pump, and High Pump. On the basis of application, the Centrifugal Pumps market is segmented into Agriculture & Irrigation, Domestic, Mining, Oil & Gas, Other Industrial, Wastewater Treatment (Effluent Treatment Plant, Sewage Treatment Plant), and Water Treatment (Industrial Process, Municipal & Commercial Facilities). On the basis of application, the Positive Displacement Pumps market is segmented into Chemical, Oil & Gas, Power, Pulp & Paper, Water & Wastewater Treatment, and Others. The Centrifugal Pumps segment is estimated to be valued at US$ 32.18 Bn by the end of 2016 and is expected to increase to US$ 46.22 Bn by the end of 2024, registering a CAGR of 4.6% during the forecast period. The Positive Displacement Pumps segment is expected to create incremental $ opportunity of US$ 981.1 Mn between 2016 and 2024. The Wastewater Treatment application segment is expected to account for 24% revenue share of the Centrifugal Pumps market by the end of 2024 while the Water Treatment application segment is expected to register a CAGR of 5.4% over the forecast period. The Water & Wastewater Treatment application segment is estimated to account for 21.3% revenue share of the Positive Displacement Pumps market by the end of 2024. The global pumps market is segmented into the five key regions of North America, Latin America, Europe, APAC, and the Middle East & Africa (MEA). The APAC region is estimated to dominate the global pumps market in terms of revenue with 38.5% share by 2016 end. Sales of pumps in the North America and Europe regions is estimated to collectively account for 48.8% share by the end of 2016. The report features some of the leading companies operating in the global pumps market. Market players featured in the report are KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Grundfos, The Weir Group Plc., WILO SE, Xylem Inc., Ruhrpumpen Group, and Kirloskar Brothers Ltd. Top market companies are focusing on structured innovation and are expanding their production and research facilities to strengthen their presence in the global pumps market. Some of the major pumps companies are also making aggressive investments to expand their presence in emerging markets, especially in China, the Middle East, and India.


News Article | November 28, 2016
Site: www.newsmaker.com.au

In terms of revenue, the Thailand water pump market accounted for US$16.7 Million in 2014 and is projected to reach US$25.6 Million by 2021.Factors fuelling the market include low manufacturing costs, expansion of water supply network, massive urbanization and industrialization, increasing arable land and land under cereal production. Thailand is an agriculture-driven country. Growth in the agricultural sector, linked with increasing arable land and land under cereal production is leading to growing trend of micro irrigation in small farms, which is projected to increase deployment of centrifugal water pumps. Similarly, the country is undergoing rapid economic growth and industrialisation and is also poised to emerge as a substantial market. It plays a crucial role as its one of the manufacturing hubs for water pumps. Deployment of monobloc pumps is increasing due to the growing trend of family farming, which is carried out on small agricultural plots and requires low HP centrifugal pump for micro irrigation. Pumps for domestic and agriculture application offer minimal product differentiation in terms of cost and quality. Similar buyer trends apply to both end-user segments. On the basis of pump type, the submersible water pump segment is estimated to be the most dominant segment, with 63.5% of the overall Thailand water pump market share in 2015, followed by monobloc water pump segment with 36.5%share. Growth of the monobloc water pumps segment over the forecast period is expected to be driven by increasing demand for application in agro-industrial and food production purposes. As of 2014, Thailand is among the world’s top ten countries in terms of water consumption for agro-industrial and food production. Central & Eastern Thailand region was the largest market in terms of revenue contribution, accounting for 30.2% of the overall Thailand water pump market in 2014.The Bangkok area is one of the most prosperous parts of Central & Eastern Thailand and is a dominant contributor to the national economy, with the infertile Northeast being the poorest in similar terms.Southern Thailand market is projected to lose 80 BPS during the forecast period. The region is part of a narrow peninsula, with a distinctive climate and terrain. Its economy is based on rice cultivation and rubber production. Mountainous terrain and absence of large rivers are conspicuous features of this region. By end-use application, the agriculture segment is projected to continue its dominance throughout the forecast period. Agriculture application segment is expected to gain 40 BPS during the forecast period as a major portion of the country’s GDP is generated from agricultural activities. However, the industrial segment is forecasted to register the highest CAGR by 2021.Growth of the market in East Asia is mainly driven by increased adoption of water pumps in power plants, for development of new infrastructure, in heavy industry, municipal wastewater treatment plants, irrigation and drinking water facilities. Key players in the Thailand water pump market includeGrundfos, KSB AG, Kirloskar Brothers Limited, Ebara Corporation. Global players like Grundfos, Sulzer Ltd, Flowserve Corporation focus on research and development initiatives to introduce innovative products to attain sustainable advantages over the competition. In addition, these players also focus on expanding their regional presence through mergers and acquisitions. Water pump manufacturers in Thailand usually sell their products via distributors, who account for approximately 80% sales share as compared to 20% share via direct sales.Global and regional players in Thailand water pump market focus on entering into long-term tie-ups with engineering, procurement, and construction (EPC) companies and distributors. Chinese players have tie-ups with retailers to enhance customer reach


Wiseguyreports.Com Adds “Industrial Water Pumps -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database This report studies sales (consumption) of Industrial Water Pumps in Global market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Ebara Corporation Flowserve Corporation GRUNDFOS Holding A/S Gardner Denver, Inc. Henan Province Xixia Automobile Water Pump Co. Ltd. ITT Corporation IWAKI CO., LTD. Idex Corporation KSB Group Kirloskar Brothers Limited PROCON Products PSG Dover Pentair Ltd. SPX Corporation Shanghai Kai Quan Pump (Group) Co. Ltd. Sulzer Ltd. Torishima Pump Mfg. Co., Ltd. Watson-Marlow, Inc. Wilo SE Xylem, Inc. Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of Industrial Water Pumps in these regions, from 2011 to 2021 (forecast), like United States China Europe Japan Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into Type I Type II Type III Split by applications, this report focuses on sales, market share and growth rate of Industrial Water Pumps in each application, can be divided into Application 1 Application 2 Application 3 Global Industrial Water Pumps Sales Market Report 2016 1 Industrial Water Pumps Overview 1.1 Product Overview and Scope of Industrial Water Pumps 1.2 Classification of Industrial Water Pumps 1.2.1 Type I 1.2.2 Type II 1.2.3 Type III 1.3 Application of Industrial Water Pumps 1.3.1 Application 1 1.3.2 Application 2 1.3.3 Application 3 1.4 Industrial Water Pumps Market by Regions 1.4.1 United States Status and Prospect (2011-2021) 1.4.2 China Status and Prospect (2011-2021) 1.4.3 Europe Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.5 Global Market Size (Value and Volume) of Industrial Water Pumps (2011-2021) 1.5.1 Global Industrial Water Pumps Sales and Growth Rate (2011-2021) 1.5.2 Global Industrial Water Pumps Revenue and Growth Rate (2011-2021) 7 Global Industrial Water Pumps Manufacturers Analysis 7.1 Ebara Corporation 7.1.1 Company Basic Information, Manufacturing Base and Competitors 7.1.2 Industrial Water Pumps Product Type, Application and Specification 7.1.2.1 Type I 7.1.2.2 Type II 7.1.3 Ebara Corporation Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.1.4 Main Business/Business Overview 7.2 Flowserve Corporation 7.2.1 Company Basic Information, Manufacturing Base and Competitors 7.2.2 112 Product Type, Application and Specification 7.2.2.1 Type I 7.2.2.2 Type II 7.2.3 Flowserve Corporation Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.2.4 Main Business/Business Overview 7.3 GRUNDFOS Holding A/S 7.3.1 Company Basic Information, Manufacturing Base and Competitors 7.3.2 136 Product Type, Application and Specification 7.3.2.1 Type I 7.3.2.2 Type II 7.3.3 GRUNDFOS Holding A/S Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.3.4 Main Business/Business Overview 7.4 Gardner Denver, Inc. 7.4.1 Company Basic Information, Manufacturing Base and Competitors 7.4.2 Nov Product Type, Application and Specification 7.4.2.1 Type I 7.4.2.2 Type II 7.4.3 Gardner Denver, Inc. Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.4.4 Main Business/Business Overview 7.5 Henan Province Xixia Automobile Water Pump Co. Ltd. 7.5.1 Company Basic Information, Manufacturing Base and Competitors 7.5.2 Product Type, Application and Specification 7.5.2.1 Type I 7.5.2.2 Type II 7.5.3 Henan Province Xixia Automobile Water Pump Co. Ltd. Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.5.4 Main Business/Business Overview 7.6 ITT Corporation 7.6.1 Company Basic Information, Manufacturing Base and Competitors 7.6.2 Million USD Product Type, Application and Specification 7.6.2.1 Type I 7.6.2.2 Type II 7.6.3 ITT Corporation Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.6.4 Main Business/Business Overview 7.7 IWAKI CO., LTD. 7.7.1 Company Basic Information, Manufacturing Base and Competitors 7.7.2 Machinery & Equipment Product Type, Application and Specification 7.7.2.1 Type I 7.7.2.2 Type II 7.7.3 IWAKI CO., LTD. Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.7.4 Main Business/Business Overview 7.8 Idex Corporation 7.8.1 Company Basic Information, Manufacturing Base and Competitors 7.8.2 Product Type, Application and Specification 7.8.2.1 Type I 7.8.2.2 Type II 7.8.3 Idex Corporation Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.8.4 Main Business/Business Overview 7.9 KSB Group 7.9.1 Company Basic Information, Manufacturing Base and Competitors 7.9.2 Product Type, Application and Specification 7.9.2.1 Type I 7.9.2.2 Type II 7.9.3 KSB Group Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.9.4 Main Business/Business Overview 7.10 Kirloskar Brothers Limited 7.10.1 Company Basic Information, Manufacturing Base and Competitors 7.10.2 Product Type, Application and Specification 7.10.2.1 Type I 7.10.2.2 Type II 7.10.3 Kirloskar Brothers Limited Industrial Water Pumps Sales, Revenue, Price and Gross Margin (2011-2016) 7.10.4 Main Business/Business Overview 7.11 PROCON Products 7.12 PSG Dover 7.13 Pentair Ltd. 7.14 SPX Corporation 7.15 Shanghai Kai Quan Pump (Group) Co. Ltd. 7.16 Sulzer Ltd. 7.17 Torishima Pump Mfg. Co., Ltd. 7.18 Watson-Marlow, Inc. 7.19 Wilo SE 7.20 Xylem, Inc.


News Article | February 24, 2017
Site: www.businesswire.com

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Europe Control Valve Market - Forecasts from 2016 to 2021" report to their offering. Europe Control Valve Market is estimated to grow from US$1.803 billion in 2015 to US$2.521 billion by 2021, at a CAGR of 5.75% over the forecast period. New and stricter regulations for ballast water treatment are boosting the demand for control valves. Expanding production of oil and gas from subsea sources is augmenting the requirement of efficient and expensive industrial control valves. High labor costs in European countries are forcing manufacturers to shift towards automation system in process industries. This is further propelling the growth of control valve market in Europe. Development of nuclear power infrastructure in France will bolster the growth of European Control Valve market during the forecast period. Key five industry participants profiled as part of this section are Emerson Process Management, Crane, IMI PLC, Pentair, and Flowserve Corporation. For more information about this report visit http://www.researchandmarkets.com/research/z9s7ql/europe_control


DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for global infrastructure markets, today announced an order close to $80 million to provide pumps and ebulators for the Hengli Integrated Refining Complex Project, a 400,000 barrel-per-day final conversion refinery on Changxing Island in Dalian, Liaoning Province in China. The order includes nearly 200 pumps, which will be used in an integrated refining and petrochemical project for the Hengli Petrochemical Complex. Flowserve will work in coordination with SINOPEC Luoyang Petrochemical Engineering Corporation (LPEC). “ A project of this size requires an ongoing supply of reliable, high-quality equipment to enable full and successful operation,” said Kim Jackson, President, Flowserve Engineered Product Operations. “ Our team is committed to meeting demands on this scale, and our geographic accessibility and extensive experience with orders of this magnitude make us well equipped to do so.” The Flowserve products will be sourced primarily from its facilities in Vernon, USA; Desio, Italy; and Suzhou, China, with phased deliveries beginning in early 2018 to support the project as it moves forward. In addition to the original equipment award, additional aftermarket awards will exist from this order. About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com. Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.


DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today reported its financial results for the fourth quarter and full year ended December 31, 2016. “ Flowserve delivered fourth quarter and full year 2016 results in-line with our expectations, supported by continued progress on our realignment program,” said Mark Blinn, Flowserve’s President and Chief Executive Officer. “ Our focus on disciplined cost management and efficiency enhancing initiatives helped mitigate what continues to be a challenging industry environment. We were pleased to have experienced another quarter of generally stable crude prices and are encouraged by the general increased sense of optimism about the macroeconomic environment. These factors, however, have yet to translate into increased bookings levels, as customers remained cautious in new project awards and maintenance activities during the fourth quarter, and in their acceptance of completed project work. Importantly, for both the fourth quarter and for the full year, our aftermarket bookings stabilized relative to prior year levels, which is a positive development for Flowserve. We continue to achieve meaningful cost savings from our transformational realignment program and look forward to completing the vast majority of the $400 million program in 2017. “ While we are cautiously optimistic that certain energy and industrial customers’ budgets may improve off current low levels, we are not anticipating a recovery in our 2017 planning due to continued geopolitical, end market and macro uncertainties. Accordingly, our near term focus remains on controlling what we can by improving our speed to market, enhancing our project execution, and completing our strategic realignment program. We believe that these initiatives will position the company successfully through cycles regardless of market conditions. We will remain disciplined in our approach to the work we pursue, and are confident that our actions will drive a leaner and more efficient operating platform. Flowserve remains well positioned to drive value for our shareholders over the long term.” Flowserve is providing Reported and Adjusted EPS guidance for 2017, as well as certain other financial metrics, as shown in the table below. Flowserve’s 2017 Adjusted EPS target range excludes expected realignment charges of approximately $155 million, as well as the potential impact of below-the-line foreign currency effects and certain other discrete items. Both the Reported and the Adjusted EPS target range includes the expected revenue decline of approximately 6 to 11 percent year-over-year, and is based on year-end 2016 foreign currency rates, current commodity prices, expected bookings levels and market conditions, the reset of annual incentive performance goals and an expected merit compensation increase, an above-the-line foreign currency headwind [4] of approximately 10 cents per share, net interest expense in the range of $60 to $63 million and a tax rate of 30 to 31 percent under current U.S. tax and regulatory policies. “ Flowserve’s 2017 guidance reflects our beginning backlog entering the year, an expected increase in manufacturing facility under-absorption, customer’s continued emphasis on price, and annual compensation headwinds,” said Karyn Ovelmen, Flowserve’s Executive Vice President and Chief Financial Officer. “ Partially offsetting these items, we expect incremental cost savings from our realignment initiatives and relatively stable to increasing year-over-year aftermarket and book-and-ship work. We expect the quarterly phasing of our 2017 Reported and Adjusted EPS target ranges to reflect seasonality, although the traditional second half weighting is anticipated to be more pronounced this year, as the first quarter is expected to represent a substantially lower percentage of full year earnings than in past years due to expected lower revenues and elevated SG&A as compared to remaining 2017 quarters. Despite the current market challenges, we will continue to invest in our business, including executing on our realignment initiatives, to better position the company to drive long-term shareholder value.” In full year 2016 Flowserve expensed approximately $104 million, including approximately $34 million in the fourth quarter and recognized approximately $12 million of incremental savings, bringing the full year incremental savings to $93 million. We expect to largely complete the $400 million program in 2017, including approximately $155 million of expense and approximately $70 million of additional savings, with total program savings of $230 million expected to be achieved in 2018. Flowserve reports its operations through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). Key financial highlights of segment performance for the fourth quarter and full year 2016 include: Flowserve announced today that its Board of Directors has authorized the payment of a quarterly cash dividend of $0.19 per share on the company's outstanding shares of common stock. The dividend is payable on April 7, 2017, to shareholders of record as of the close of business on March 24, 2017. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, whether at this $0.19 per share quarterly rate or otherwise, will be reviewed individually and declared by the Board at its discretion, dependent upon the Board's assessment of the company's financial condition and business outlook at the applicable time. Flowserve will host its conference call with the financial community on Friday, February 17th at 11:00 AM Eastern. Mark Blinn, president and chief executive officer, as well as other members of the management team will be presenting. The call can be accessed by shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section. Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com. Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement. The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance. Throughout our materials we refer to non-GAAP measures as “Adjusted.” Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.


News Article | February 24, 2017
Site: www.businesswire.com

DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that John E. (Jay) Roueche III, Flowserve’s vice president, investor relations and treasurer, will assume the role of interim chief financial officer, effective immediately. Mr. Roueche’s appointment follows Karyn Ovelmen’s departure from the company as executive vice president and chief financial officer. Flowserve will initiate a search to identify a permanent chief financial officer under incoming president and CEO Scott Rowe’s direction. “ We are pleased that Jay has agreed to serve as Interim CFO during this important time to ensure a seamless transition,” said Mark Blinn, Flowserve’s president and chief executive officer. “ Jay is a seasoned executive with a deep understanding of our business and financials. On behalf of our Board and management team, I thank Karyn for her financial leadership and many contributions to Flowserve. We wish her well in her future endeavors.” Ms. Ovelmen said, “ It has been a privilege to work with such talented and committed individuals at Flowserve. I have great confidence in the company’s future and believe Flowserve is well-positioned to achieve its strategic and financial goals, and deliver value to shareholders.” Jay Roueche has served as vice president, investor relations and treasurer, since October 2012. He previously served as vice president, investor relations and treasurer, of McDermott International, Inc., a leading engineering, procurement, construction and installation company, from August 2010 until October 2012. From April 2006 to August 2012, he served as vice president, investor relations and corporate communications of McDermott International, Inc. In the preceding years, he served in progressive accounting and finance roles, including with Pennzoil-Quaker State Company, Pennzoil Company and Shell Oil Company. About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com. Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.


News Article | February 24, 2017
Site: globenewswire.com

DALLAS, February 24, 2017 - Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced plans to present at Gabelli's 27th Annual Pump, Valve and Water Systems Symposium in New York on March 1 beginning at 1:00 p.m. Eastern time. Presenting at the conference for Flowserve is Jay Roueche, Interim Chief Financial Officer. Webcast information will be accessible on Flowserve.com under the Investor Relations section. About Flowserve: Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.


News Article | December 21, 2016
Site: globenewswire.com

DALLAS, December 21, 2016 - 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 authorized a quarterly cash dividend of $0.19 per share on the company's outstanding shares of common stock. The dividend is payable on January 13, 2017, to shareholders of record as of the close of business on December 30, 2016. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.19 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion, dependent on the Board's assessment of the company's financial condition and business outlook at the applicable time. About Flowserve: Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com. Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers' ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.


Patent
Flowserve Corporation | Date: 2014-12-19

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. The invention also relates to a pump for pumping water or a turbine for generating energy from water and having a casing and such an impeller.

Loading Flowserve Corporation collaborators
Loading Flowserve Corporation collaborators