$FLS (Flowserve Corp.)

$FLS {{ '2016-03-08T14:11:01+0000' | timeago}} • SEC

$FLS' gross margin for 2015 fell to 32.6% from 35.2% in 2014. The decrease was due to negative impact of margins resulting from purchase accounting adjustments on SIHI backlog and inventory, realignment charges, and certain lower margin projects that shipped from backlog and lower sales on absorption of fixed manufacturing costs.

$FLS {{ '2017-12-22T11:55:40+0000' | timeago}} • Announcement

$FLS BoD declared a quarterly cash dividend of $0.19 per share on the company's outstanding shares of common stock. The dividend is payable on January 19, 2018, to shareholders of record on January 5, 2018.

$FLS {{ '2017-11-13T16:24:54+0000' | timeago}} • Infographic

$FLS Flowserve Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$FLS {{ '2017-09-21T21:22:39+0000' | timeago}} • Announcement

$FLS appointed Lee Eckert as SVP and CFO, effective Oct. 9, 2017. Eckert joins Flowserve from CHC Group LLC., a global commercial helicopter service provider to the offshore oil and gas industry, where he served as SVP and CFO since 2015.

$FLS {{ '2017-09-13T13:10:36+0000' | timeago}} • Announcement

$FLS appointed David Wilson as president, Industrial Products Division (IPD). Wilson succeeds Tom Pajonas, executive vice president, Global Operations, and interim president, IPD, who plans to retire this year.

$FLS {{ '2017-09-06T14:01:15+0000' | timeago}} • Announcement

$FLS 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 Oct 6, 2017, to shareholders as on Sept 22, 2017.

$FLS {{ '2017-05-18T17:19:09+0000' | timeago}} • Announcement

The BoD of $FLS authorized a quarterly cash dividend of $0.19 per share on its outstanding shares of common stock. The dividend is payable on July 7, 2017 to shareholders of record on June 23, 2017.

$FLS {{ '2017-05-03T12:44:35+0000' | timeago}} • Announcement

$FLS has completed the sale of its Gestra AG business unit to Spirax-Sarco Engineering plc, a provider of steam system solutions.

$FLS {{ '2017-04-03T11:14:25+0000' | timeago}} • Announcement

$FLS entered into a conditional sale and purchase agreement to sell its Gestra AG business unit to Spirax-Sarco Engineering plc, a London Stock Exchange listed company (SPX), a leading provider of steam system solutions, for an enterprise value of EUR186MM (approx. $198MM).

$FLS {{ '2017-02-24T14:19:23+0000' | timeago}} • Announcement

$FLS appointed John E. (Jay) Roueche III, vice president, investor relations and treasurer, as interim chief financial officer (CFO), effective immediately. The company will initiate a search for a permanent CFO under newly appointed president and CEO Scott Rowe.

$FLS {{ '2017-02-17T17:15:21+0000' | timeago}} • Webcast

$FLS said in the Industrial Product Division, a disproportionate amount of their facilities were impacted by the realignment and some unanticipated inefficiencies. This included some of the company’s profitable plants. Within the custom engineered segment, there has been some impact while there has been less impact in the valve business.

$FLS {{ '2017-02-17T16:56:47+0000' | timeago}} • Webcast

$FLS said margins in 2017 will benefit from mix as a lot of the realignment savings will be achieved over the course of this year. Fixed cost leverage issues will put pressure on margins and earnings over the short term.

$FLS {{ '2017-02-17T16:39:04+0000' | timeago}} • Webcast

$FLS generated total operating cash flow of $169MM in 4Q16. Capex was $25MM in 4Q16. In 2016, the company returned $98MM to shareholders through dividends, repaid $60MM in debt and contributed $40MM to defined benefit pension plans.

$FLS {{ '2017-02-17T16:33:42+0000' | timeago}} • Webcast

In 4Q16, $FLS’ total bookings declined 4.2% on a constant currency basis. Aftermarket bookings remained flat YoY. Aftermarket sales were down 8.7% on a constant currency basis. Adjusted GM decreased 20BP versus prior year to 33.2%.

$FLS {{ '2017-02-17T15:04:24+0000' | timeago}} • Announcement

$FLS announced an order close to $80MM 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.

$FLS {{ '2017-02-16T21:42:30+0000' | timeago}} • Announcement

For 4Q16, $FLS's bookings totaled $908MM. Bookings from Engineered Product Division declined 5% YoY, Industrial Product Division declined 5%, and Flow Control Division declined 8.5%.

$FLS {{ '2017-02-16T21:36:19+0000' | timeago}} • Announcement

$FLS expects its revenue for 2017 to decline 6% to 11%. Full year reported EPS is forecast to be in the range of $0.72-1.02 and adjusted EPS in the range of $1.55-1.85.

$FLS {{ '2017-02-16T21:29:11+0000' | timeago}} • Announcement

$FLS reported a 9% YoY drop in its 4Q16 earnings to $65.1MM, or $0.50 per diluted share, hurt by realignment expenses and purchase price accounting expenses and Brazil inventory write-down. Excluding the adjusted items, the company's earnings was $0.72 per diluted share. Sales fell 16.5% YoY to $1.07Bil.

$FLS {{ '2017-02-08T15:05:35+0000' | timeago}} • Announcement

$FLS appointed R. Scott Rowe as President and Chief Executive Officer of the Company, effective April 1, 2017. Rowe succeeds Mark Blinn who plans to retire. He will also join the board as a new elected member.

$FLS {{ '2016-12-27T12:04:32+0000' | timeago}} • Announcement

$FLS amends its "shareholder of record date" to Jan. 3, 2017 for its recently announced quarterly cash dividend of $0.19 per share on its outstanding shares of common stock. The dividend is payable on Jan. 13, 2017 to shareholders of record on Jan. 3, 2017.

$FLS {{ '2016-12-21T21:16:02+0000' | timeago}} • Announcement

$FLS announced that its BoD has authorized a quarterly cash dividend of $0.19 per share on its outstanding shares of common stock. The dividend is payable on January 13, 2017, to shareholders of record as of December 30, 2016.

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