Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 5215 N. O'connor Blvd., Suite 700 IRVING TX 75039 |
Tel: | N/A |
Website: | https://www.flowserve.com |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Flowserve Corporation is a manufacturer and aftermarket service provider of comprehensive flow control systems. The Company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials. The Company operates through two segments: Flowserve Pumps Division (FPD) and Flow Control Division (FCD). FPD segment designs, manufactures, pretests, distributes and services specialty and highly engineered custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and upgrades and related aftermarket service. FPD products and services are used by companies that operate in the oil and gas, chemical, water management and general industries. FCD designs, manufactures, distributes and services a broad portfolio of flow control solutions, including engineered and industrial valve and automation systems, isolation and control valves, actuation, controls and related equipment. |
Financial Overview |
For the six months ended 30 June 2023, Flowserve Corp revenues increased 21% to $2.06B. Net income increased from $29M to $78M. Revenues reflect Flowserve Pump Division(FPD) segment increase of 23% to $1.46B, Flow Control Division (FCD) segment increase of 16% to $596.4M. Net income benefited from Flowserve Pump Division(FPD) segment income increase from $78.3M to $177.1M. |
Employees: | 16,000 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,493M as of Dec 31, 2023 |
Annual revenue (TTM): | $4,321M as of Dec 31, 2023 |
EBITDA (TTM): | $494.85M as of Dec 31, 2023 |
Net annual income (TTM): | $186.74M as of Dec 31, 2023 |
Free cash flow (TTM): | $153.46M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $687.87M as of Dec 31, 2023 |
Shares outstanding: | 131,226,906 as of Feb 14, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |