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2015 News Releases

December 9, 2015Flowserve Announces Quarterly Cash Dividend of $0.18 Per ShareDALLAS, December 8, 2015 - Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.18 per share on the company's outstanding shares of common stock.     The dividend is payable on January 6, 2016, to shareholders of record as of the close of business on December 23, 2015.    While Flowserve currently intends to pay regular quarterly cash... Read More
October 29, 2015Flowserve Corporation Reports Third Quarter 2015 ResultsDelivers Adjusted1 EPS of $0.81 for 2015 Third Quarter SIHI integration and realignment programs progressing better than expected Returned $320 million to shareholders year-to-date through repurchases and dividends Full year results in current market environment expected at or around the lower end of guidance range DALLAS--(BUSINESS WIRE)--Oct. 29, 2015-- Flowserve Corporation (NYSE: FLS), a leading provid... Read More
October 20, 2015Flowserve Introduces Valtek® DiamondBack Cavitation Elimination TechnologyDiamondBack Is the Control Valve Industry's Most Advanced Design for Cavitating Applications   DALLAS, October 20, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today the introduction of the Valtek DiamondBack, the control valve industry's most technologically advanced anti-cavitation trim design to date for severe service applications.   DiamondBack enables control valve users to eliminate high... Read More
October 15, 2015Flowserve Announces Dates for Third Quarter 2015 Financial ResultsDALLAS, October 15, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that, after the close of the New York Stock Exchange (NYSE) on Thursday, October 29, 2015, it plans to file its Form 10-Q with the Securities and Exchange Commission as well as issue its earnings release and earnings call presentation for the 2015 third quarter.   The following morning, on Friday, October 30, 2015, the compa... Read More
September 14, 2015Flowserve Announces Quarterly Cash Dividend of $0.18 Per ShareDALLAS, September 14, 2015 - Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.18 per share on the company's outstanding shares of common stock.     The dividend is payable on October 9, 2015, to shareholders of record as of the close of business on September 25, 2015.    While Flowserve currently intends to pay regular quarterly c... Read More
July 30, 2015Flowserve Corporation Reports Second Quarter 2015 ResultsDelivers Adjusted1 EPS of $0.80 for 2015 Second Quarter Manufacturing optimization and cost efficiency realignment programs progressing as planned SIHI integration and synergies remain on track Returned more than $185 million to shareholders through repurchases and dividends year-to-date Revised 2015 full year Adjusted EPS guidance range to $3.10 to $3.40 DALLAS--(BUSINESS WIRE)--Jul. 30, 2015-- ... Read More
July 20, 2015Flowserve Announces Dates for Second Quarter 2015 Financial ResultsDALLAS, July 20, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that, after the close of the New York Stock Exchange (NYSE) on Thursday, July 30, 2015, it plans to file its Form 10-Q with the Securities and Exchange Commission as well as issue its earnings release and earnings call presentation for the 2015 second quarter.   The following morning, on Friday, July 31, 2015, the company will ... Read More
July 16, 2015Flowserve Announces Authorized Edward(TM) Valve Repair and Service Agreement with United Valve of Houston, Texas DALLAS, July 16, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today a new strategic agreement with United Valve of Houston, Texas, providing factory-authorized repair and service on Edward valves.    The scope of the agreement between Flowserve and United Valve includes authorized valve repair, valve modification and other opportunities as directed by Flowserve. The agreement with United Valve,... Read More
July 16, 2015New Flowserve Gestra® Steam Trap Saves Money and Energy for End UsersBK37-5 Thermostatic Model Suitable for Applications from 0.7 to 45 Bar (10 to 650 PSI)   DALLAS, July 15, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today the release of the Flowserve Gestra BK37-5 thermostatic bimetallic steam trap, which offers end users significantly lower total cost of ownership and energy-saving benefits when compared to thermodynamic (TD) and inverted bucket steam trap ... Read More
June 16, 2015Flowserve Releases New Self-priming Diaphragm Pump for the Agricultural MarketIndustry-leading Flowserve Scienco CT6 Pump Designed for Higher Flow Rate, Use in Crop Protection   DALLAS, June 16, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today the release of its new self-priming, diaphragm Flowserve Scienco CT6 pump.   Engineered for use with chemical mixing and dispensing from mini-bulk tanks, drums and intermediate bulk containers (IBCs), the pump's six-chamber diaph... Read More
June 12, 2015Extensive Range of Flowserve Sealing Solutions to be Featured at ACHEMA 2015 ISC2, M Series, Gaspac®Among Spotlighted Products DALLAS, June 12, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today its extensive range of mechanical seals will be featured at ACHEMA 2015, June 15-19, in Frankfurt, Germany. The Flowserve portfolio of mechanical seals includes a wide range of single and dual, pusher and bellows designs in component and cartridge configurations. The company off... Read More
June 12, 2015New Flowserve Initiative Urges Users to 'Rethink the Mag Drive'INNOMAG® TB-MAG(TM) Sets New Benchmark for Value and Performance of Fluoropolymer-Lined Magnetic Drive Pumps    DALLAS, June 12, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today at the ACHEMA 2015 World Forum of the Process Industry in Frankfurt, Germany, that it has launched a new initiative entitled "Rethink the Mag Drive," inviting users to think differently about where they use ... Read More
June 12, 2015Flowserve Expands Its Range of Durco® Mark 3(TM) ISO Higher-Pressure Pumps New Casing Options Developed to Meet Increasing Demand for Higher-Pressure Pumps  DALLAS, June 12, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today at the ACHEMA 2015 World Forum of the Process Industry in Frankfurt, Germany, that it has expanded its line of Durco Mark 3 ISO chemical process pumps with a range of higher-pressure variants.  The release of the higher-pressure pumps comes at a t... Read More
June 12, 2015Flowserve Will Launch New SIHI® KPHX Liquid Ring Compressor at ACHEMA 2015Innovative Product Will Offer Pressures up to 12 Bar DALLAS, June 12, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today it will introduce the new SIHI KPHX liquid ring compressor at ACHEMA 2015, June 15-19 in Frankfurt, Germany. Capable of pressures up to 12 bar, the KPHX also features low noise levels and reduced vibration running. Locating the bearings and mechanical seals outside the pump e... Read More
June 12, 2015Flowserve Products, Services, Experts to be Highlighted at ACHEMA 2015 DALLAS, June 12, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today the company will participate at ACHEMA 2015, June 15-19, in Frankfurt, Germany. With two stands in Hall 8, at B63 and J62, attendees will have numerous opportunities to learn about the company's fluid motion and control products and services, as well as meet Flowserve product experts, sales personnel and leadership team member... Read More
May 21, 2015Flowserve Announces Quarterly Cash Dividend of $0.18 Per ShareDALLAS, May 21, 2015 - Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.18 per share on the company's outstanding shares of common stock.     The dividend is payable on July 10, 2015, to shareholders of record as of the close of business on June 26, 2015.    While Flowserve currently intends to pay regular quarterly cash div... Read More
May 21, 2015Flowserve Holds 2015 Annual Meeting of ShareholdersDALLAS, May 21, 2015 - Flowserve Corp. (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, held its 2015 Annual Meeting of Shareholders today in Irving, Texas.   The company confirmed at the annual meeting that James O. Rollans retired as a member of the Board of Directors effective after the annual meeting. "Jim provided more than 17 years of distinguished service to Flowserve," said Mark Blinn, Flowserve President and Chief Exe... Read More
May 20, 2015Flowserve Secures $18 Million in Orders for Peruvian Refinery UpgradeMore Than Seven Types of Flowserve Pumps to be Installed in Petroperú Talara Refinery   DALLAS, May 20, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today its operations in Rio de Janeiro and Lawrence, Massachusetts, have received orders totaling approximately $18 million (USD) for pumping systems for the Petroperú Talara refinery in Piura, Peru. The orders were booked in the fourth quarter of ... Read More
April 30, 2015Flowserve Corporation Reports First Quarter 2015 ResultsFlowserve delivered strong adjusted gross margins; SIHI integration and synergies on track Announces accelerated manufacturing optimization and cost reduction initiatives Returned more than $100 million to shareholders through repurchases and dividends Revised 2015 full year guidance reflects quarter-end FX rates and current business environment DALLAS--(BUSINESS WIRE)--Apr. 30, 2015-- Flowserve Corporatio... Read More
April 27, 2015Flowserve Names Karyn F. Ovelmen Chief Financial OfficerExperienced financial leader with strong operational orientation Ovelmen to join Flowserve June 1, 2015 DALLAS, April 27, 2015 - Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Karyn F. Ovelmen will join Flowserve as Executive Vice President and Chief Financial Officer, effective June 1, 2015. Ovelmen will join Flowserve from LyondellBasell Industries N.V., one of the world's largest plastics ... Read More
April 21, 2015Flowserve Announces Dates for First Quarter 2015 Financial ResultsDALLAS, April 21, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that, after the close of the New York Stock Exchange (NYSE) on Thursday, April 30, 2015, it plans to file its Form 10-Q with the Securities and Exchange Commission as well as issue its earnings release and earnings call presentation for the 2015 first quarter. The following morning, on Friday, May 1, 2015, the company will hol... Read More
March 23, 2015Flowserve to Supply Control and Automated On/Off Valves to Klabin's New Giant Pulp Mill in BrazilDALLAS, March 23, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its operation in Brazil has been selected to supply all ball sector control valves, ball valves and butterfly valves for the new Klabin mill (Project Puma) located in the city of Ortigueira, Paraná state, southern Brazil. In total, more than 1500 rotary control and automated on/off valves will be supplied from Flowserve t... Read More
March 10, 2015Flowserve Announces Pricing of Euro-Denominated Senior NotesDALLAS, March 10, 2015 - Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it has priced an underwritten public offering of €500.0 million aggregate principal amount of 1.250% Senior Notes due 2022 (the "Notes"), at a price equal to 99.336% of the aggregate principal amount of the Notes. The company anticipates that the offering will close on or around March 17, 2015, subject to customa... Read More
February 24, 2015Flowserve to Present at Gabelli's 25th Annual Pump, Valve and Water Systems SymposiumDALLAS, February 24, 2015 - Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced plans to present at Gabelli's 25th Annual Pump, Valve and Water Systems Symposium in New York on February 26 beginning at 11:30 a.m. Eastern time. Presenting at the conference for Flowserve is Michael Taff, senior vice president, chief financial officer.    Webcast information will be accessible on Flowserve.com under the In... Read More
February 18, 2015Flowserve Announces Departure of Chief Financial Officer Michael TaffDALLAS--(BUSINESS WIRE)--Feb. 18, 2015-- Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Michael Taff, senior vice president and chief financial officer, will be leaving the company. To ensure a smooth transition, Taff will be staying on through March 31. “On behalf of Flowserve, I offer my sincere thanks to Mike for his service to the co... Read More
February 17, 2015Flowserve Corporation Reports Fourth Quarter and Full Year 2014 ResultsReports Fourth Quarter & Full Year 2014 EPS of $1.16 and $3.76 respectively Increased bookings, backlog, gross profit, operating income and EPS year-over-year Increased gross and operating margins demonstrate strong operating platform and bidding discipline Announced 12.5% increase in the quarterly dividend, to 18 cents per share Reaffirms 2015 Full Year Adjusted EPS Target Range of $3.60 to $4.00 ... Read More
February 16, 2015Flowserve to Present at Barclays Industrial Select ConferenceDALLAS, February 16, 2015 - Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced plans to present at the upcoming Barclays Industrial Select Conference in Miami, Florida, on February 19, beginning at 8:55 a.m. Eastern time. Webcast information will be accessible on Flowserve.com under the Investor Relations section. Flowserve ContactsInvestor Contacts: Jay Roueche, Vice President, Investor Relations &... Read More
February 2, 2015Flowserve Signs License Agreement With New Way Air BearingsAlliance Expected to Generate Advances in Equipment Reliability and Lower Total Cost of Ownership for Flowserve Customers DALLAS, February 2, 2015 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it has signed a license agreement with New Way Air Bearings to develop externally pressurized solutions for its seal and pump operations. As a leading innovator in the development and application of air b... Read More
January 28, 2015Flowserve Issues Initial Adjusted EPS Guidance for 2015 of $3.60-$4.00 and Previews Expected 2014 Key Financial Metrics Announces dates for full year & fourth quarter 2014 earnings DALLAS, January 28, 2015 - Flowserve Corp. (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today issued its initial Adjusted EPS guidance for full year 2015 and previewed its expectations for certain key 2014 financial metrics.  In addition, the company announced the planned dates for its fourth quarter and full year 2014 earnings release. Flowserve is providing Adjusted... Read More
January 7, 2015Flowserve Completes the Acquisition of SIHI GroupDALLAS--(BUSINESS WIRE)--Jan. 7, 2015-- Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it has completed the acquisition of SIHI Group B.V., a global provider of engineered vacuum and fluid pumps and related services. SIHI Group and its subsidiaries (“SIHI”) will strengthen Flowserve’s extensive portfolio of products and services through the add... Read More
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