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Flowserve Corporation (FLS) is a global leader in manufacturing and servicing industrial flow control systems. The company designs, produces, and distributes pumps, valves, seals, and automation products, along with providing aftermarket services. These offerings are essential for managing the movement, control, and protection of materials in critical industrial processes across various sectors.
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Flowserve Pump Division (FPD) - Manufactures custom-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems, replacement parts, and provides related services.
- Sub-products: Includes highly-engineered pumps and pump systems tailored for industrial applications.
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Flow Control Division (FCD) - Produces engineered-to-order and configured-to-order isolation valves, control valves, valve automation products, and related equipment.
- Sub-products: Offers valve automation solutions and control systems for precise industrial flow management.
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Aftermarket Services - Provides installation, advanced diagnostics, turnkey maintenance programs, spare parts, service solutions, product life cycle solutions, and retrofitting services.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
R. Scott Rowe ExecutiveBoard | President, Chief Executive Officer, and Director | Director at Quanta Services, Inc. since 2022 | R. Scott Rowe has been the President, Chief Executive Officer, and Director of Flowserve Corporation since April 2017. He also serves as a director at Quanta Services, Inc. since 2022. | View Report → |
Amy B. Schwetz Executive | Senior Vice President and Chief Financial Officer | Amy B. Schwetz is the Senior Vice President and Chief Financial Officer at Flowserve Corporation since February 2020. She previously served as the Executive Vice President and CFO at Peabody Energy from July 2015 to February 2020. | ||
Brian Boukalik Executive | Senior Vice President and Chief Human Resources Officer (CHRO) | Brian Boukalik is the Senior Vice President and CHRO at Flowserve Corporation since May 20, 2024. There is no information indicating he holds any board or committee positions at FLS. | ||
Kirk R. Wilson Executive | President, Flow Control Division | Kirk R. Wilson is the President of the Flow Control Division at Flowserve Corporation since July 2019, leading a major business unit. He previously held roles such as President of Aftermarket Services & Solutions from 2015 to 2019 and served in various leadership positions starting in 2004. | ||
Lamar L. Duhon Executive | President, Flowserve Pumps Division | Lamar L. Duhon is the President, Flowserve Pumps Division since February 2023 and previously served as President, Aftermarket Services & Solutions from January 2022 to February 2023 at FLS. | ||
Scott K. Vopni Executive | Vice President and Chief Accounting Officer (CAO) | Scott K. Vopni is Vice President and Chief Accounting Officer at Flowserve Corporation since June 2020, where he oversees accounting operations and supports robust financial reporting. | ||
Susan C. Hudson Executive | Senior Vice President, Chief Legal Officer (CLO), and Corporate Secretary | Susan C. Hudson is the Senior Vice President, Chief Legal Officer (CLO), and Corporate Secretary at Flowserve Corporation since May 2022. Previously, she served as Vice President, Associate General Counsel, and Chief Compliance Officer from May 2020 to May 2022. | ||
Cheryl H. Johnson Board | Director | Cheryl H. Johnson was appointed to Flowserve’s Board of Directors on December 8, 2023 and brings extensive human resources leadership experience from roles such as Chief Human Resources Officer at Caterpillar Inc. and Executive Vice President at Textron Inc. | ||
David E. Roberts Board | Independent Chairman of the Board | David E. Roberts serves as the Independent Chairman of the Board at Flowserve since May 2021 and has been a Director since November 2011. He has extensive leadership experience in the energy industry with previous roles including CEO at Gavilan Resources, President and CEO at Penn West Exploration, and executive roles at Marathon Oil, BG Group, and Chevron. | ||
Gayla J. Delly Board | Director | Director at Broadcom Inc. ; Director at Littelfuse, Inc. | Gayla J. Delly has been a Director at Flowserve Corporation since January 2008. She serves as Chair of the Corporate Governance & Nominating Committee and as a member of the Organization & Compensation Committee at FLS, and she brings extensive executive leadership experience from Benchmark Electronics Inc. where she served as CEO, President, CFO, and Corporate Controller. | |
John L. Garrison Board | Director | Chairman of the Board at Terex Corporation; Director at Stanley Black & Decker, Inc. | John L. Garrison has been a Director at Flowserve Corporation since October 2018, where he serves as Chair of the Organization & Compensation Committee and a member of the Corporate Governance & Nominating Committee. He brings extensive leadership experience from his previous executive roles at Terex Corporation and Bell Helicopter. | |
Kenneth I. Siegel Board | Director at Flowserve Corporation | Chairman of the Board at Boardwalk Pipeline Partners, LP; Director at CNA Financial Corporation | Kenneth I. Siegel has served as a director at Flowserve Corporation since August 16, 2022. He brings extensive experience in strategic planning, corporate development, finance, and accounting from his previous roles at companies including Loews Corporation, Barclays Capital, and Lehman Brothers. | |
Michael C. McMurray Board | Director | Michael C. McMurray has served as a Director at Flowserve Corporation since October 2018 and actively participates in board committees, including serving as Chair of the Technology, Risk & Finance Committee and a member of the Organization & Compensation Committee. He previously served as Chair of the Audit Committee in 2023. | ||
Ruby R. Chandy Board | Director at Flowserve Corporation | Director at Thermo Fisher Scientific Inc. (since 2022) ; Director at DuPont de Nemours, Inc. (since 2019) | Ruby R. Chandy has been serving as a director at Flowserve Corporation since May 2017. She holds significant board committee roles, including on the Audit Committee (since February 7, 2025) and the Organization and Compensation Committee (since May 26, 2023). | |
Sujeet Chand Board | Director | Director at Proto Labs, Inc. since 2017; Director at Veeco Instruments Inc. since 2021 | Sujeet Chand has been serving as a Director at Flowserve Corporation (FLS) since December 2019. He brings extensive technology and leadership experience from his previous roles at Rockwell Automation, XAP Corporation, and Rockwell Scientific Company. | |
Thomas B. Okray Board | Member of the Board of Directors | Director at Monro, Inc. | Thomas B. Okray has served as a board member at Flowserve Corporation since April 2023 and became Chairman of the Audit Committee in May 2023. He brings extensive financial expertise and international experience to FLS, having held senior roles in various companies. |
- Considering your guidance on a modest inventory build in North American channels, can you explain the detailed assumptions behind this expected increase and how you plan to manage potential supply chain disruptions?
- With the 80/20 initiative already showing a 10–15% SKU reduction in certain business units, what steps are in place to offset any negative revenue impact, and how do you envision this evolution supporting margin expansion by 2027?
- You noted that integration of Mogas contributed approximately 300 basis points to sales growth yet also introduced higher interest expense and shipment timing challenges; how will these factors balance out in your near-term earnings stability?
- Given strong aftermarket booking growth and the strategic emphasis on speed wins, what measures are being implemented to sustain and further improve aftermarket capture rates amid competitive and market uncertainties?
- With ongoing geopolitical uncertainties and the potential for increased tariffs affecting your supply chain, can you detail your contingency plans and the specific actions you would take if these external pressures intensify unexpectedly?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Sulzer Pumps | The pump and mechanical seal industry is highly fragmented, with thousands of competitors globally. The company competes primarily with a limited number of large companies operating on a global scale, including this competitor. |
The company competes primarily with a limited number of large companies operating on a global scale, including this competitor. | |
Eagle Burgmann | This competitor is a joint venture of two traditional global seal manufacturers and is one of the largest industry competitors. |
John Crane Inc. | This competitor is a unit of Smiths Group Plc and is one of the largest industry competitors. |
Weir Group Plc. | The company competes primarily with a limited number of large companies operating on a global scale, including this competitor. |
The company competes primarily with a limited number of large companies operating on a global scale, including this competitor. | |
KSB SE & Co. KGaA | The company competes primarily with a limited number of large companies operating on a global scale, including this competitor. |
Some of the largest valve industry competitors include this company. | |
Cameron International Corp. | This company is a Schlumberger company and is one of the largest valve industry competitors. |
Some of the largest valve industry competitors include this company. | |
Rotork plc | Some of the largest valve industry competitors include this company. |
Neles | Some of the largest valve industry competitors include this company. |
IMI Plc | Some of the largest valve industry competitors include this company. |
Some of the largest valve industry competitors include this company. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
MOGAS Industries, Inc., MOGAS Real Estate LLC, MOGAS Systems & Consulting LLC | 2024 | Acquired on October 15, 2024, this deal involved a $290.0 million cash purchase, with an earnout of up to $15.0 million based on financial targets, funded by cash and term loan financing; the acquisition of a Houston-based, mission-critical severe service valves provider aligns with Flowserve’s 3D strategy and is expected to deliver cost and revenue synergies. |
Chart Industries' in-process R&D for hydrogen pumps | 2022 | This acquisition, costing $4.8 million, was strategically executed to bolster Flowserve’s hydrogen technology capabilities under its Diversification, Decarbonization, and Digitization strategy, featuring a five-year supply agreement and plans to commercialize the hydrogen dispensing pump technology in the second half of 2023. |
Recent press releases and 8-K filings for FLS.
- 2025 Outlook: CFO Amy Schwetz highlighted a strong growth outlook with organic sales growth of 3–5% and total sales growth of 5–7%, supported by a robust backlog and recurring aftermarket orders.
- Margin Expansion: The discussion emphasized initiatives like the 80/20 process to drive margin enhancements, expecting an overall improvement of around 50 to 100 basis points in the coming years.
- Strategic Investments & M&A: Flowserve outlined targeted M&A activity, including the Mogas acquisition to boost revenue by approximately $175 million and further invest in its nuclear and power segments.
- Strong Q4 Performance: Nearly $1.2B in bookings, 12.6% adjusted operating margin, and $197M in operating cash flow marking robust margin expansion.
- Q4 Highlights: Delivered strong aftermarket performance alongside 31% growth in the 3D strategy and $110M in nuclear bookings.
- Financial Performance: Adjusted EPS increased to $0.70 with improved margins, including an Adjusted Gross Margin of 32.8%.
- Strategic Acquisition: Mogas acquisition completed in Q4 contributed to operational gains and is expected to drive improvements in 2025.
- Ongoing Initiatives: Continued focus on the 80/20 initiative for SKU simplification and the execution of the 3D strategy supports growth in decarbonization and innovation.
- Flowserve Corp reported strong fourth quarter results with bookings of $1.2 billion (including significant aftermarket activity), improved margins, and operating income of $125 million GAAP and $149 million adjusted.
- The company generated $197 million in operating cash flow during Q4 2024 and provided full-year 2025 guidance with organic sales growth of 3% to 5% and adjusted EPS between $3.10 and $3.30.