Carlyn R. Taylor
accepted the resignation of Carlyn R. Taylor from her position as a director of the Company effective immediately.
Highest-materiality recent filing
Flowserve closes $490M acquisition of Trillium Flow Technologies' Valves Division
All-cash deal closed June 30, 2026 for $490M plus working capital adjustments.
Flowserve issues $500M 5.700% Senior Notes due 2036, linked to Trillium Flow acquisition
$500M aggregate principal, 5.700% interest, due May 15, 2036.
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.
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).
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.
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.
Q3 revenue $1.174B (+3.6% YoY); reported EPS $1.67 includes $0.77 net favorable items; adj. EPS $0.90 vs $0.62.
Flowserve terminates Chart merger, receives $266M termination fee
Flowserve terminates merger with Chart Industries after Chart received a superior proposal from Baker Hughes (BKR).
Adjusted EPS $0.91, up 24.7% YoY; reported EPS $0.62.
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.
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.
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).
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.
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.
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.
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%.
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%).
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.
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.
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).
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.
Q4 2022 bookings $1.1B (+14% YoY); full-year bookings $4.4B; backlog $2.7B (+30% YoY).
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.
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.
Bookings $1.04B +9.6% YoY (+14.5% CC); backlog $2.32B highest since Q3 2015.
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).
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.
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%).
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.
Flowserve issues $500M of 2.800% Senior Notes due 2032
Issued $500M aggregate principal of 2.800% Senior Notes due January 15, 2032.
New $1.1B senior credit facilities: $800M revolver and $300M term loan, both maturing September 13, 2026.
Flowserve prices $500M 2.800% Senior Notes due 2032 to refinance existing debt
Issued $500M aggregate principal amount of 2.800% Senior Notes due 2032.
Flowserve Q2 Adj. EPS $0.37 beats, raises FY revenue & EPS guidance
Reported EPS $0.35, Adjusted EPS $0.37; after-tax adjusted items of $2.6M.
accepted the resignation of Carlyn R. Taylor from her position as a director of the Company effective immediately.
Susan C. Hudson, the Company’s Senior Vice President and Chief Legal Officer, will then assume Ms. Burger’s responsibilities on an interim basis
Elizabeth L. Burger tendered her resignation as Senior Vice President, Chief Human Resources Officer of Flowserve Corporation, a New York corporation, in order to accept a position as EVP and chief human resources officer at another publicly traded company.
On September 20, 2023, Flowserve Corporation (the “Company”) announced that John Friedery, a director of the Company, would retire from the Company’s Board of Directors (the “Board”) effective December 8, 2023.
On September 20, 2023, the Company also announced that Cheryl H. Johnson, Chief Human Resources Officer for Caterpillar Inc. (“Caterpillar”) has been elected by the Board as a new member of the Board, effective December 8, 2023.
Thomas Okray, Executive Vice President and Chief Financial Officer for Eaton Corporation (“Eaton”) has been elected by the Company’s Board of Directors (the “Board”) as a new member of the Board, effective April 12, 2023.
the Company announced that Tamara Morytko, the President of the Company’s Flowserve Pumps Division, will step down from her position effective February 24, 2023.
In addition, Keith Gillespie, the Company’s Senior Vice President and Chief Sales Officer, will step down from his position effective April 7, 2023.
the Company has appointed Lamar Duhon as the President of the Company’s Flowserve Pumps Division effective February 24, 2023 in addition to his current responsibilities.
On August 16, 2022, Flowserve Corporation (the “Company”) announced that Kenneth Siegel, Senior Vice President of Mergers & Acquisitions, Energy Subsidiaries and Strategic Planning for Loews Corporation (“Loews”) has been elected by the Company’s Board of Directors (the “Board”) as a new member of the Board, effective August 16, 2022.
Max materiality 0.85 · Median 0.70 · Most common event earnings