$FLS (Flowserve Corp.)

$FLS {{ '2016-04-29T15:24:10+0000' | timeago}} • Webcast

$FLS, a maker of pumps, valves and seals, said that the company had now combined its $350MM accelerated manufacturing optimization strategy, which was announced in 4Q15 and the nearly completed $50MM SIHI realignment effort into a single initiative. $FLS expects to generate $230MM in annualized cost reductions, once completed at the end of 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.

$FLS {{ '2016-10-28T20:53:40+0000' | timeago}} • Webcast

$FLS said FY16 capital expenditures are expected to be in the range of $105-115MM, a significant reduction over elevated FY15 levels. Cash realignment expenditures are expected to be in the range of about 125-150MM.

$FLS {{ '2016-10-28T20:43:11+0000' | timeago}} • Webcast

$FLS expects FY16 adjusted EPS in the range of $2.05-2.25 per share. Revenue is expected to decline 11-14%, including 2% currency headwind. Realized cost savings is expected to be about $100MM.

$FLS {{ '2016-10-27T22:52:11+0000' | timeago}} • Webcast

$FLS reported a 3Q16 loss of $0.16 per share while revenue fell 14% to $943MM. Total Bookings were $960MM, down 7.3%. The quarter was largely impacted by non-cash reserves recorded in the company's Latin American operations, as well as lower than expected short-cycle industrial and aftermarket revenues,$FLS said.

$FLS {{ '2016-09-22T22:20:00+0000' | timeago}} • Announcement

Flow control products and services provider for the global infrastructure markets $FLS said that Mark Blinn is planning to retire as President, CEO and a member of the BoD. To ensure an orderly transition, Mark Blinn will remain in those roles until the appointment of his successor.

$FLS {{ '2016-08-29T22:34:00+0000' | timeago}} • Announcement

Providers of fluid motion and control products and services $FLS said 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. This dividend is payable on Oct. 14, 2016, to shareholders of record as of the close of business on Sept. 30, 2016.

Recent Transcripts

ABB (ABB Ltd.)
Thursday, July 20 2017 - 12:00pm
TXT (Textron Inc.)
Wednesday, July 19 2017 - 12:00pm
TGI (Triumph Group, Inc.)
Wednesday, May 24 2017 - 12:30pm
UQM (UQM Technologies Inc.)
Thursday, May 11 2017 - 8:30pm
CVU (CPI Aerostructures Inc.)
Tuesday, May 9 2017 - 12:30pm
ITT (ITT Corporation)
Monday, May 8 2017 - 1:00pm
CFX (Colfax Corporation)
Friday, May 5 2017 - 1:00pm
TSLA (Tesla, Inc.)
Wednesday, May 3 2017 - 9:30pm
WG (Willbros Group Inc.)
Wednesday, May 3 2017 - 2:00pm
FLS (Flowserve Corp.)
Tuesday, May 2 2017 - 3:00pm
LBY (Libbey Inc.)
Tuesday, May 2 2017 - 3:00pm
XYL (Xylem Inc.)
Tuesday, May 2 2017 - 1:00pm
AME (Ametek Inc.)
Tuesday, May 2 2017 - 12:30pm
STS (Supreme Industries Inc.)
Monday, May 1 2017 - 1:00pm
ROP (Roper Technologies, Inc.)
Friday, April 28 2017 - 12:30pm
B (Barnes Group Inc.)
Friday, April 28 2017 - 12:30pm
GGG (Graco Inc.)
Thursday, April 27 2017 - 3:00pm
F (Ford Motor Co.)
Thursday, April 27 2017 - 1:00pm
NOV (National Oilwell Varco, Inc.)
Thursday, April 27 2017 - 1:00pm
SPN (Superior Energy Services, Inc.)
Wednesday, April 26 2017 - 1:00pm

AlphaGraphics you may like