Flowserve Corp.

Flowserve Corp.

Flowserve Corp.

Overview
Date Founded

1790

Headquarters

5215 North O'Connor Boulevard,Suite 2300,Irving, TX 75039

Type of Company

Public

Employees (Worldwide)

17K

Industries

Electrical Products
Wholesale: Industrial Products & Manufacturing
Other Business & Consulting Services
Metal Manufacturing & Products
Industrial Machinery & Manufacturing
Computer Software

Company Description

Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Vice President, Chief Ethics & Compliance Officer

Senior Vice President & Chief Sales Officer

Senior Vice President & Chief Human Resources Officer

Senior Vice President & Chief Legal Officer

Vice President, Chief Accounting Officer

President, Flow Control Division

Director, Investor Relations

Principal Accounting Officer, Vice President, Treasurer & Investor Relations

Board of Directors

Former Chief Executive Officer at Standex International Corp.

Chief Executive Officer & Director at Gavilan Resources LLC

Chief Executive Officer at Secure Communication Systems, Inc.

Chairman, President & Chief Executive Officer at Terex Corp.

Former Chief Marketing Officer at Dow Chemical Company

Senior Vice President, Advanced Technology & Chief Technology Officer at Rockwell Automation, Inc.

Director, President & Chief Executive Officer at Flowserve Corp.

Executive Vice President & Chief Financial Officer at Lyondellbasell Industries, Inc.

Chairperson at FTI Capital Advisors LLC

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Owners & Shareholders
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EdgePoint Investment Group seeks to buy growth companies at value prices and makes long-term investments viewing stock as an ownership interest in a company and seeking to acquire these ownership stakes at prices below their assessment of their true worth. The firm focuses on companies with strong competitive positions, defendable barriers to entry and long-term growth prospects that are run by competent management teams. These holdings generally reflect their views looking out more than five years. EdgePoint Investment Group buys good, undervalued businesses and holds them until the market fully recognizes their potential. They sell a security for one of two reasons: (1) if their thesis about the company is deemed no longer valid. If the firm can no longer stand behind their thesis, they can no longer stand behind an ownership interest in the business and the position is sold; and (2) there's a constant culling process whereby they continuously strive to upgrade the quality of their portfolios with better ideas. For fixed income investments, the firm looks for securities that provide an attractive return through coupon payments and/or capital appreciation while focusing on the borrower's (or bond issuer's) ability to meet its debt obligations through the payment of periodic coupons and the return of the original principal at maturity.

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FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, High Yield, Gold, US Value, and Global Income Builder.

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Founded in 1965, Caisse de Dépôt et Placement du Québec is one of the largest institutional fund managers in Canada and North America. They are the leading private equity investor in Canada and are also one of largest real estate asset managers in the world. The Caisse is headquartered in Québec, Canada.

Recent Transactions
Details Hidden

OMB Valves SpA purchases Vogt Valves from Flowserve Corp.

Details Hidden

Spirax-Sarco Engineering Plc purchases Gestra AG from Flowserve Corp.

Details Hidden

Flowserve Corp. purchases Innovative Mag-Drive LLC

Transaction Advisors
Accountant

Advised onFlowserve Corp. purchases Ingersoll Dresser Pumps Business from Trane Technologies Plc

Accountant

Advised onFlowserve Corp. purchases Invensys Plc /Flow Control Division from Invensys Ltd.

Investment Advisor

Advised onFlowserve Corp. purchases Ingersoll Dresser Pumps Business from Trane Technologies Plc

Associate

Advised onFlowserve Corp. purchases Innovative Mag-Drive LLC

Legal Advisor

Advised onSpirax-Sarco Engineering Plc purchases Gestra AG from Flowserve Corp.

Associate

Advised onSpirax-Sarco Engineering Plc purchases Gestra AG from Flowserve Corp.

Advisors & Consultants
Legal Advisor

Partner at Cravath, Swaine & Moore LLP

Legal Advisor

Co-Chair, Capital Markets & Securities Practice Group at Haynes and Boone LLP

Legal Advisor

Partner at Haynes and Boone LLP

Clients

MRC Global is the largest global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry based on sales, and we hold the leading position in our industry across each of the upstream (exploration, production and extraction of underground oil and natural gas), midstream (gathering and transmission of oil and natural gas, natural gas utilities and the storage and distribution of oil and natural gas) and downstream (petrochemical processing, crude oil refining and general industrials) sectors. We offer more than 150,000 stock keeping units, including an extensive array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. Through our North American and International segments we serve our more than 12,000 active customers through over 410 service locations throughout North America, Europe, Asia and Australia.

NOW, Inc. is a holding company, which engages in the distribution of energy products for industrial applications. It operates through the following segments: United States, Canada, and International. The United States segment serves the upstream, midstream and downstream energy, and industrial markets. The Canada segment covers energy exploration, production, drilling, and midstream business. The International segment represents the energy exploration, production, and drilling business. The company was founded on November 22, 2013 and is headquartered in Houston, TX.

Jordan Petroleum Refinery Co. engages in the manufacture, production, refining, marketing, and distribution of petroleum and its derivatives. The company was founded on July 8, 1956 and is headquartered in Amman, Jordan.

Key Stats and Financials As of 2019
Market Capitalization
$3.77B
Total Enterprise Value
$7.48B
Earnings Per Share
$1.93
Revenue
$3.94B
Net Profit
$254M
Total Debt
$1.56B
Total Equity
$1.82B
Enterprise Value Sales
1.89x
Enterprise Value EBITDAOperating
13.6x
TEVNet Income
29.47x
Debt TEV
0.21x
EBITDAMargin
13.59%
EBITDA
$536M
Three Year Compounded Annual Growth Rate Of Revenue
-0.4%
Five Year Compounded Annual Growth Rate Of Revenue
-4.16%
Non-Profit Donations & Grants
Suppliers
Lakshmi Machine Works Ltd. Industrial Machinery & Manufacturing | Coimbatore, Ind

Lakshmi Machine Works Ltd. engages in the manufacture and sale of textile spinning machinery. It operates through the following segments: Textile Machinery Division, Machine Tool and Foundry Division, and Advance Technology Centre. The Advance Technology Centre segment specializes in the manufacture and supply of high precision parts and components required for the aerospace industry. The company was founded on September 14, 1962 and is headquartered in Coimbatore, India.

Anhui Yingliu Group Metal Manufacturing & Products | Hefei, China

Anhui Yingliu Electromechanical Co., Ltd. engages in the research and development, manufacture, and sale of steel casted and machined components for industrial applications. Its products are used in petroleum and natural gas; electric power generation; mining machinery devices; construction machinery equipment; chemical, refrigeration, and environment flow-control equipment; medical equipment;, and railroad, ship, and other transport equipment industry. The company was founded on August 4, 2000 is headquartered in Hefei, China.

Appian Corp. Industrial Machinery & Manufacturing | Reston, VA

Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm's products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, V A.

Competitors
Emerson Electric Co. Industrial Machinery & Manufacturing - St Louis, MO

Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves & equipment; process control systems, tools & appliance solutions for customers in a range of industrial, commercial and consumer markets. It operates through the following business segments: Automation Solutions and Commercial & Residential Solutions. The Automation Solutions segment offers products; software and technology; and engineering, project management, consulting services and integrated manufacturing solutions for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs, manufacturing operations, and plants that process or treats various items. The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Commercial & Residential Solutions segment sells tools for professionals and homeowners and appliance solutions, such as food waste disposer, ceiling fans, lighting, sensing and protection devices. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.

The AES Corp. Alternative Energy - Arlington, VA

The AES Corporation (NYSE: AES) is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 27 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. Our power plants encompass a broad range of technologies and fuel types, including coal, diesel, hydropower, gas, oil, wind and biomass. Our utilities power several diverse markets, from São Paulo to Indianapolis to Douala. Combining deep local insight with a global presence and more than 30 years of experience, AES has a proven commitment to ensuring operational excellence in providing electricity to its customers.

Crane Co. Industrial Machinery & Manufacturing - Stamford, CT

Crane Co. is a diversified manufacturer of highly engineered industrial products with a substantial presence in a number of focused niche markets. With approximately 11,000 employees working together across 25 countries, Crane generated 2012 net sales of $2.58 billion. We are dedicated to integrity and honest dealings in all that we do.

Awards & Honors
Rank #539
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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