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
Trying to get in touch with decision makers at Flowserve Corp.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
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

Secretary, Chief Legal Officer & Senior Vice President

Chief Human Resources Officer & Senior Vice President

President, Flow Control Division

President-Flowserve Pumps Division

Director, Investor Relations

Vice President-Investor Relations & Treasurer

Board of Directors

Former Chief Executive Officer at Standex International Corp.

Chief Executive Officer at Secure Communication Systems, Inc.

Chief Executive Officer at Gavilan Resources LLC

Executive Vice President & Chief Financial Officer at LyondellBasell Industries NV

Director, President & Chief Executive Officer at Flowserve Corp.

Chairman of the Board, President & Chief Executive Officer at Terex Corp.

Former Corporate Controller & Chief Accounting Officer at Cummins, Inc.

Former Chief Marketing Officer at Dow Chemical Company

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

Paths to Flowserve Corp.
Potential Connections via
Relationship Science
You
Flowserve Corp.
Owners & Shareholders
Details Hidden

EdgePoint Investment Group seeks to buy growth companies at value prices. The firm 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. EdgePoint Investment Group 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 buy good, undervalued businesses and hold them until the market fully recognizes their potential. They sell a security for one of two reasons. First, 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. Second, there's a constant culling process whereby they continuously strive to upgrade the quality of their portfolios with better ideas. For fixed income investments, EdgePoint Investment Group 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. EdgePoint Investment Group can invest in all forms of corporate debt including senior secured bonds, subordinated debentures and convertibles. Sovereign governments, provincials and asset-backed securities are also available to them if the opportunity arises.

Details Hidden

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.

Details Hidden

Invesco Canada's portfolio management teams use a variety of methods of analysis and research in the implementation of their investment strategies. For their equities, they have the equity team that is also called the Trimark Equity Team. The equity team employs informal screening, seeking companies that have high return on invested capital, high free cash flow conversion and consistency of returns. Quantitative screening is applied on an ad hoc basis (often before a research trip to a certain country or region). They may also visit company sites, plants, factories and attend investment conferences as part of their research process. The equity team conducts their analysis of a potential investment, focused on business quality, management quality and valuation analysis. This analysis has both qualitative and quantitative elements, the outcome of which is to develop a view on the long term growth prospects of the business, as well as a view of its intrinsic valuation. The equity team builds and maintains their financial model on each company. For Invesco Canada's Fixed Income, their portfolio management team employs a disciplined portfolio construction process which places a strong emphasis on risk management. The team strives to avoid significant downward price movements in individual securities while seeking to repeatedly participate in positive price movements. The high yield team's (HY team) bottom-up credit analysis and valuation of individual issues is the key component to achieving this objective. Analysts use a research framework that uses quantitative and qualitative factors in order to generate an internal risk rating.

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 Sterling SIHI (Netherlands) BV from TBG Europe NV

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onFlowserve Corp. purchases Ingersoll Dresser Pumps Business from Ingersoll-Rand 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 Ingersoll-Rand 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

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Jacobs Engineering Group, Inc. engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Critical Mission Solutions, and People and Places Solutions. Though the Critical Mission Solutions business, it provides cyber security, data analytics, software application development, enterprise and mission IT, systems integration and other technical consulting solutions to government agencies as well as selective aerospace, automotive and telecom customers. Its representative clients include national government departments/agencies in the US, Europe, United Kingdom, Australia, and Asia; state and local departments of transportation within the US; and private industry firms. The People and Places Solutions business provides end-to-end solutions for clients projects which includes connected mobility, water, smart cities, advanced manufacturing or the environment. Its clients include national, state and local government in the U.S., Europe, U.K., Middle East, Australia, New Zealand and Asia, as well as the private sector throughout the world. The company was founded by Joseph J. Jacobs in 1947 and is headquartered in Dallas, TX.

Key Stats and Financials As of 2018
Market Capitalization
$6.14B
Total Enterprise Value
$5.87B
Earnings Per Share
$0.91
EBITDAMargin
11.02%
Enterprise Value Sales
1.53x
Enterprise Value EBITDAOperating
13.91x
TEVNet Income
49.07x
Debt TEV
0.25x
Net Profit
$120M
Revenue
$3.83B
Total Equity
$1.66B
Total Debt
$1.48B
EBITDA
$422M
Three Year Compounded Annual Growth Rate Of Revenue
-5.69%
Five Year Compounded Annual Growth Rate Of Revenue
-5.01%
Suppliers
Lakshmi Machine Works Ltd. Industrial Machinery & Manufacturing | Coimbatore, TN

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, AN

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, VA.

Competitors
General Electric Company Power & Utilities - Boston, MA

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

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.

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
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Flowserve Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Flowserve Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Flowserve Corp..