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United States

Flowserve Corp (FLS.N)

FLS.N on New York Stock Exchange

50.63USD
21 May 2019
Change (% chg)

$1.03 (+2.08%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Flowserve Corp Q1 Earnings Per Share $0.44
Thursday, 2 May 2019 04:10pm EDT 

May 2 (Reuters) - Flowserve Corp ::ORATION REPORTS FIRST QUARTER 2019 RESULTS.Q1 SALES $890 MILLION VERSUS REFINITIV IBES ESTIMATE OF $944 MILLION.SEES FY 2019 REVENUE UP ABOUT 4 TO 6 PERCENT.QTRLY BOOKINGS OF $1.07 BILLION.QTRLY REPORTED EARNINGS PER SHARE $0.44.QTRLY ADJUSTED EPS OF $0.41.BACKLOG AS OF MARCH 31, 2019 WAS $2.1 BILLION, UP 9.2% VERSUS 2018 YEAR-END, ON 1.2 BOOK-TO-BILL.REAFFIRMED ITS 2019 GUIDANCE.FY2019 EARNINGS PER SHARE VIEW $2.11, REVENUE VIEW $4.00 BILLION -- REFINITIV IBES DATA.  Full Article

Flowserve Corporation Q3 Adjusted Earnings Per Share $0.49
Wednesday, 7 Nov 2018 04:13pm EST 

Nov 7 (Reuters) - Flowserve Corp ::ORATION REPORTS THIRD QUARTER 2018 RESULTS.Q3 SALES $953 MILLION VERSUS I/B/E/S VIEW $925.3 MILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.49.Q3 EARNINGS PER SHARE VIEW $0.43 -- THOMSON REUTERS I/B/E/S.NOW EXPECTS FULL YEAR 2018 REVENUES TO INCREASE YEAR-OVER-YEAR IN A RANGE BETWEEN 5% TO 7%.GAAP EPS IS NOW FORECAST BETWEEN $0.75 TO $0.85 FOR 2018.ADJUSTED EPS TARGET RANGE WAS INCREASED TO $1.65 TO $1.75 FOR 2018.  Full Article

Edgepoint Investment Group Reports 10.4 Percent Passive Stake In Flowserve Corporation ‍​
Friday, 8 Dec 2017 12:52pm EST 

Dec 8 (Reuters) - Flowserve Corp ::EDGEPOINT INVESTMENT GROUP REPORTS 10.4 PERCENT PASSIVE STAKE IN FLOWSERVE CORPORATION AS OF NOV 30 - SEC FILING‍​ ‍​.  Full Article

Flowserve Corp reports Q3 adjusted earnings per share $0.37
Wednesday, 1 Nov 2017 04:05pm EDT 

Nov 1 (Reuters) - Flowserve Corp :Flowserve Corp reports third quarter 2017 results.Q3 sales $883 million versus I/B/E/S view $871.8 million.Q3 adjusted earnings per share $0.37.Q3 earnings per share view $0.34 -- Thomson Reuters I/B/E/S.Flowserve Corp - qtrly ‍reported earnings per share(EPS) of $0.36​.Flowserve Corp - qtrly ‍total bookings were $893 million, down 6.9%, or 8.6% on a constant currency basis​.Flowserve Corp - ‍backlog at September 30, 2017 was $2.1 billion, up 12.5% versus 2016 year-end​.Flowserve Corp - qtrly ‍results impacted by working capital reserves and bookings headwinds from ongoing delays in customer final investment decisions​.Flowserve Corp - now expects 2017 reported and adjusted EPS target ranges of $1.05 to $1.15 and $1.30 to $1.40, respectively​.Flowserve Corp - ‍both 2017 EPS target ranges are based on an expected 7 to 9 percent decline in revenues year-over-year​.  Full Article

Flowserve announces appointment of Lee Eckert as CFO
Thursday, 21 Sep 2017 04:55pm EDT 

Sept 21 (Reuters) - Flowserve Corp :Flowserve announces the appointment of Lee Eckert as chief financial officer.Flowserve Corp - ‍Eckert joins Flowserve from CHC Group LLC​.  Full Article

Flowserve Corporation qtrly ‍adjusted EPS was $0.22
Thursday, 27 Jul 2017 04:17pm EDT 

July 27 (Reuters) - Flowserve Corp :Flowserve Corporation reports second quarter 2017 results.Q2 sales $877 million versus I/B/E/S view $933.9 million.Flowserve Corp - ‍backlog at June 30, 2017 was $2.1 billion, up 12.4% and 1.5% versus 2016 year-end, and prior year Q2, respectively​.Flowserve Corp - qtrly ‍reported earnings per share $0.32​.Flowserve Corp - qtrly ‍adjusted EPS was $0.22​.Flowserve Corp - expects reported and adjusted EPS target ranges of $0.85 to $1.05 and $1.30 to $1.50, respectively for FY 2017.FY2017 earnings per share view $1.78 -- Thomson Reuters I/B/E/S.Flowserve - ‍during 2017 Q2, immaterial accounting errors identified in prior period financial statements for period beginning in 2013 through Q1 2017​.Flowserve Corp - ‍determined to amend 2016 form 10-K and March 31, 2017 form 10-Q to reflect revisions​.Flowserve Corp - ‍determined material weakness existed in internal control structure at year-end 2016 and continued through end of 2017 Q2​.Flowserve Corp - ‍intends to institute remediation plans as a result of the errors​.Flowserve Corp - ‍cumulative effect of changes to retained earnings as of March 31, 2017 was a reduction of approximately $30 million​.  Full Article

Flowserve says on June 30 entered into fourth amendment to its existing credit agreement, dated August 20, 2012
Friday, 7 Jul 2017 05:36pm EDT 

July 7 (Reuters) - Flowserve Corp ::Flowserve Corp says on june 30 entered into a fourth amendment to its existing credit agreement, dated august 20, 2012 - sec filing.Flowserve Corp - amendment to decrease the revolving credit commitment from $1 billion to $800 million‍​.Flowserve - amendment modifies credit agreement to decrease maximum amount of priority debt allowed from 15% to 7.5% of consolidated tangible assets of co.Flowserve Corp - amendment to decrease maximum amount of receivables company can securitize from $200 million to $100 million.  Full Article