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Flowserve names Brian Ezzell CFO; Amy Schwetz resigns effective Sept 30
Amy Schwetz resigns as SVP, CFO and interim CAO effective Sept 30, 2026; no financial or accounting issues.
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Flowserve appoints Ajay Agrawal to board; board size increased to 10
Ajay Agrawal elected to board effective Aug 5, 2026; he is Chief Business Development Officer at Carrier Global.
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Flowserve Q2 bookings up 26% to $1.35B; adjusted EPS $0.95; cuts FY sales guidance on Middle East
Q2 bookings $1.35B (+26% YoY); record aftermarket bookings $696M.
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Flowserve closes $490M acquisition of Trillium Flow Technologies' Valves Division
All-cash deal closed June 30, 2026 for $490M plus working capital adjustments.
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Flowserve reaffirms FY2026 guidance, cites 860 bps margin improvement since 2022
Reaffirmed FY2026 guidance: adjusted operating margin expansion and double-digit adjusted EPS growth.
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Flowserve reduces board from 11 to 9; annual meeting votes all directors, compensation, auditor approved
Board size decreased from 11 to 9 directors effective May 14, 2026, via bylaw amendment.
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Flowserve issues $500M 5.700% Senior Notes due 2036, linked to Trillium Flow acquisition
$500M aggregate principal, 5.700% interest, due May 15, 2036.
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Flowserve issues $500M 5.700% Senior Notes due 2036 to fund Trillium Flow acquisition
$500M aggregate principal of 5.700% Senior Notes due 2036; closing expected May 12, 2026.
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Flowserve Q1 sales down 6.7%, adjusted EPS up 18.1% to $0.85; reaffirms FY guide $4.00-$4.20
Q1 reported EPS $0.64; adjusted EPS $0.85 (+18.1% YoY); adjusted operating margin 15.1% (+230 bps).
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Flowserve enters $1.45B credit facility, refinances existing debt
New $1.0B unsecured revolver (incl. $750M LC sublimit, $30M swing line) and $450M term loan, maturing April 15, 2031.
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Flowserve appoints Matthew Klopfer as President of Pumps Division; CAO Scott Vopni to retire June 30
Lamar Duhon resigns as President of Flowserve Pumps Division to become CEO of a private firm; effective April 10, 2026.
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Flowserve appoints Duke Energy CFO Brian Savoy to board; board size increased to 11
Brian Savoy, EVP and CFO of Duke Energy, elected to Flowserve board effective March 16, 2026.
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Flowserve reports Q4 adj EPS $1.11, guides 2026 EPS $4.00-$4.20, acquires TVD for $490M
Q4 adjusted EPS $1.11 vs $0.70 prior year; reported EPS ($0.23) due to one-time asbestos divestiture charge.
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Director Kenneth I. Siegel to not stand for re-election at Flowserve's 2026 annual meeting
Kenneth I. Siegel informed the Board he will not stand for re-election at the 2026 annual meeting.
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Flowserve sheds asbestos liabilities for $199M cash contribution; expects $140M Q4 charge
Completed sale of BW/IP (asbestos liabilities) to Acorn affiliate; contributed $199M cash and insurance assets.
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Flowserve Q3 adj. EPS $0.90 (+45% YoY); raises FY guidance; divests legacy asbestos liabilities with $199M contribution
Q3 revenue $1.174B (+3.6% YoY); reported EPS $1.67 includes $0.77 net favorable items; adj. EPS $0.90 vs $0.62.
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Flowserve names Alice DeBiasio President of Flow Control Division; Wilson to step down Oct 13
Alice DeBiasio appointed President of Flow Control Division, effective October 13, 2025.
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Flowserve terminates Chart merger, receives $266M termination fee
Flowserve terminates merger with Chart Industries after Chart received a superior proposal from Baker Hughes (BKR).
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Flowserve Q2 adj EPS $0.91 beats; raises FY25 guidance to $3.25-$3.40; terminates Chart merger with $266M fee
Adjusted EPS $0.91, up 24.7% YoY; reported EPS $0.62.
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Flowserve and Chart Industries sign merger of equals; exchange ratio 3.165 FLS shares per GTLS share
Each Chart common share converts into 3.165 Flowserve shares; Chart preferred converts to equivalent Flowserve preferred.
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Flowserve shareholders elect all directors, approve say-on-pay, reject special meeting proposal
All 10 director nominees elected with >104M votes each; highest against was Gayla J. Delly with 2.4M withheld.
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Flowserve Q1 adjusted EPS $0.72, bookings $1.23B; reaffirms FY2025 guidance
Q1 adjusted EPS $0.72, up 24% YoY from $0.58; reported EPS $0.56 flat YoY.
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Flowserve Q4 adj EPS $0.70, FY2025 guidance $3.10-$3.30, dividend $0.21
Q4 bookings $1.175B (+12.6% YoY); sales $1.180B (+1.3%); adjusted operating margin 12.6% (+210bps).
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Director Carlyn R. Taylor resigns; board reduced from 11 to 10
Carlyn R. Taylor resigned as director effective Feb 6, 2025 after becoming CEO of Sirva Worldwide.
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Flowserve Q3 adjusted EPS $0.62, bookings up 12.7% to $1.20B; reaffirms FY adjusted EPS $2.60-$2.75
Reported EPS $0.44, Adjusted EPS $0.62, up from $0.35 and $0.50 respectively YoY.
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Flowserve refinances with $1.3B credit facility; draws $500M for MOGAS buy
New $1.3B facility: $800M revolver (incl. $750M LC sublimit) and $500M term loan; matures Oct 2029.
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Flowserve Q2 EPS $0.73 adjusted, up 40% YoY; raises FY2024 adjusted EPS guide to $2.60-$2.75
Reported EPS $0.55 vs $0.39; adjusted EPS $0.73 vs $0.52; 41% and 40% increases YoY.
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Flowserve shareholders approve 2024 ESPP, re-elect all directors at annual meeting
Shareholders approved 2024 Employee Stock Purchase Plan authorizing 4,000,000 shares of common stock.
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Flowserve Q1 EPS $0.56 (up 180%), raises FY24 adjusted EPS guidance to $2.50-$2.70
Reported EPS $0.56 vs $0.20 YoY; adjusted EPS $0.58 vs $0.40, up 45%.
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Flowserve Q4 adjusted EPS $0.68, revenue up 12%; initiates 2024 guidance
Q4 reported EPS $0.47, adjusted EPS $0.68 vs $0.63 prior year; revenue $1.17B (+12%).
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Flowserve CHRO Elizabeth Burger resigns effective March 1; interim replacement named
Elizabeth L. Burger resigns as SVP, Chief Human Resources Officer to join another public company.
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Flowserve Q3 adj EPS $0.50, revenue $1.09B (+25%); raises 2023 guidance
Reported EPS $0.35; adjusted EPS $0.50 vs $0.09 in prior year quarter.
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Flowserve names Cheryl H. Johnson to board; director John Friedery to retire Dec 8
John Friedery to retire from Flowserve board effective December 8, 2023; no disagreement cited.
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Flowserve Q2 adjusted EPS $0.52 beats; raises FY2023 revenue and EPS guidance
Reported EPS $0.39 vs $0.34 YoY; adjusted EPS $0.52 vs $0.30, up 73% YoY.
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Flowserve shareholders elect all director nominees; say-on-pay approved; special meeting proposal defeated
All 11 director nominees elected with 103.7M–117.6M votes for; Gayla J. Delly received highest opposition (14.0M against).
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Flowserve Q1 adjusted EPS $0.40, revenue up 19.4%; raises FY2023 guidance
Reported EPS $0.20, adjusted EPS $0.40; revenue $980.3M (+19.4% YoY).
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Flowserve appoints Thomas Okray (Eaton CFO) to board; board size increased to 11
Thomas Okray, EVP and CFO of Eaton Corp, elected to Flowserve's board effective April 12, 2023.
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Flowserve Q4 2022: Adj EPS $0.63, bookings up 14.2% to $1.11B; reaffirms 2023 guidance
Q4 reported EPS $0.92, adjusted EPS $0.63; full-year reported EPS $1.44, adjusted EPS $1.10.
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Flowserve announces departure of two senior executives; names Lamar Duhon to lead Pumps Division
Tamara Morytko, President of Flowserve Pumps Division, steps down effective February 24, 2023.
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Flowserve prelim Q4 rev ~$1.0B (+13% YoY), Adj EPS $0.59-0.63; 2023 guide rev +9-11%, Adj EPS $1.50-1.75
Q4 2022 bookings $1.1B (+14% YoY); full-year bookings $4.4B; backlog $2.7B (+30% YoY).
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Flowserve Q3 reported EPS $0.29, adjusted EPS $0.09; Q4 guidance at least $0.40; bookings hit $1.22B
Reported EPS $0.29 includes $30.5M below-the-line FX gain and other non-recurring items; adjusted EPS $0.09.
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Flowserve warns Q3 EPS to be hit by 18-22 cents due to ERP issues and higher expenses
ERP implementation challenges at North American facilities expected to reduce Q3 EPS by 10-12 cents.
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Flowserve elects Ken Siegel to board, increases board size from 9 to 10
Ken Siegel elected as independent director effective August 16, 2022, filling a newly created seat.
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Flowserve Q2 bookings up 9.6% to $1.04B; adj EPS $0.30 beats expectations; affirms 2022 adj EPS guidance
Bookings $1.04B +9.6% YoY (+14.5% CC); backlog $2.32B highest since Q3 2015.
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Flowserve shareholders vote down executive compensation; board reduced to 9
Advisory vote on executive compensation rejected: 88.6M against vs 26.4M for (78% of votes cast).
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Flowserve Q1 loss per share $0.12; cuts 2022 EPS guidance on Russian exit and supply chain issues
Reported Q1 loss per share $0.12; adjusted EPS $0.07; sales $821.1M, down 4.2% YoY.
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Flowserve Q4 reported EPS $0.13, adjusted EPS $0.45; issues 2022 guidance above 2021 levels
Q4 bookings up 17.5% YoY to $969M; full year bookings $3.77B (+10.6%).
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Flowserve Reports Q3 2021 EPS of $0.38, Revises Full-Year Guidance Down
Reported EPS $0.38 and adjusted EPS $0.29; supply chain and logistics deferred ~$60M revenue and $20M gross profit.
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Flowserve issues $500M of 2.800% Senior Notes due 2032
Issued $500M aggregate principal of 2.800% Senior Notes due January 15, 2032.
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Flowserve amends credit agreement: $800M revolver retained, $300M term loan added to redeem senior notes
New $1.1B senior credit facilities: $800M revolver and $300M term loan, both maturing September 13, 2026.