Company
Flowserve Corporation
Headquarters: Irving, TX, United States
Founded: 1997
Employees: 16,000
CEO: Mr. Robert Scott Rowe
Market Cap
$5.25 Billion
USD as of Jan. 1, 2024
Flowserve Corporation Categories
United States Industrials Specialty Industrial MachineryUnited States Industrials United States Specialty Industrial Machinery
Top Competitors by Market Capitalization
Industry: Specialty Industrial Machinery
| Company | Market Cap (USD) |
|---|---|
| Siemens | $138.51 B |
| General Electric | $135.68 B |
| Honeywell | $135.08 B |
| Schneider Electric SE | $110.11 B |
| Open Joint Stock Company OMZ | $101.93 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Boeing | $148.18 B |
| Union Pacific | $147.34 B |
| Caterpillar | $145.65 B |
| Siemens | $138.51 B |
| General Electric | $135.68 B |
Detailed Description
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and fluids. The company primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.
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Stocks & Indices
Flowserve Corporation has the following listings and related stock indices.
Stock: NYSE: FLS wb_incandescent
Stock: Bovespa: F1LS34 wb_incandescent
Stock: FSX: FWV wb_incandescent
Product & Services
ActuatorsBall valvesButterfly valvesControl valvesPlug valvesend face mechanical sealsPumps, Power industryOil industryGas industryChemical industry
Key People
Rowe, R. Scott, President and CEO (from April 1, 2017) Lanesha Minnix, Senior Vice President and Chief Legal Officer
Financials
Revenue: US$3.945 billion (2019) US$3.833 billion (2018)
Operating income: US$760.28 million (2013) US$675.78 million (2012)
Net income: US$485.53 million (2013) US$448.34 million (2012)
Total assets: US$7.8 billion (2015) US$ 4.8 billion (2012)
Total equity: US$1.88 billion (2013) US$1.89 billion (2012)