Market Summary
USD38.91-0.86
Market Closed-2.16%
FLS Stock Price
FLS RSI Chart
FLS Valuation
FLS Price/Sales (Trailing)
FLS Profitability
FLS Fundamentals
FLS Revenue
FLS Earnings
Price Action
52 Week Range
23.8941.02
(Low)(High)
Last 7 days
2.2%
Last 30 days
0.9%
Last 90 days
7.0%
Trailing 12 Months
61.7%
FLS Financial Health
FLS Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for FLS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-25 | FRIEDERY JOHN R | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-25 | DELLY GAYLA J | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-25 | Okray Thomas B | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-25 | McMurray Michael C. | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-23 | Hudson Susan Claire | acquired | - | - | 723 | chief legal officer |
2023-05-23 | Hudson Susan Claire | sold (taxes) | -6,088 | 34.4 | -177 | chief legal officer |
2023-05-15 | Wilson Kirk | sold (taxes) | -10,034 | 35.21 | -285 | president, fcd |
2023-02-20 | Rowe Robert Scott | sold (taxes) | -307,721 | 35.89 | -8,574 | president & ceo |
2023-02-20 | Rowe Robert Scott | acquired | - | - | 21,787 | president & ceo |
2023-02-20 | Wilson Kirk | acquired | - | - | 2,388 | president, fcd |
Which funds bought or sold FLS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 112 | 1,244 | -% |
2023-09-21 | Jefferies Group LLC | new | - | 221,981 | 221,981 | -% |
2023-09-20 | BARCLAYS PLC | added | 182 | 2,779,000 | 4,109,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 9,576 | 112,936 | 0.03% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 1,377 | 13,114 | -% |
2023-08-22 | COMERICA BANK | new | - | 25,000 | 25,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.62 | 358,361 | 5,953,030 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.91 | 142,000 | 813,000 | 0.01% |
2023-08-21 | JOHN G ULLMAN & ASSOCIATES INC | reduced | -4.24 | 278,266 | 6,287,270 | 0.97% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 82.57 | 542,899 | 1,088,500 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Flowserve
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 10, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 13, 2023 | edgepoint investment group inc. | 0% | 0 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2023 | first eagle investment management, llc | 8.42% | 11,008,936 | SC 13G/A | |
| Feb 06, 2023 | wellington management group llp | 8.35% | 10,907,736 | SC 13G | |
| Feb 03, 2023 | blackrock inc. | 8.6% | 11,229,159 | SC 13G/A | |
| Jan 10, 2023 | vanguard group inc | 10.01% | 13,078,791 | SC 13G/A | |
| Jul 11, 2022 | fmr llc | - | 0 | SC 13G | |
| Feb 14, 2022 | caisse de depot et placement du quebec | 3.5% | 4,509,536 | SC 13G/A | |
| Feb 11, 2022 | edgepoint investment group inc. | 8.4% | 10,972,988 | SC 13G/A |
Recent SEC filings of Flowserve
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 8-K | Current Report | |
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | SC 13G/A | Major Ownership Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Aug 01, 2023 | 10-Q | Quarterly Report | |
| Jul 21, 2023 | UPLOAD | UPLOAD | |
| Jul 18, 2023 | CORRESP | CORRESP | |
| Jul 05, 2023 | CORRESP | CORRESP |
Peers (Alternatives to Flowserve)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ITW | 69.6B | 16.1B | -7.23% | 25.25% | 22.43 | 4.33 | 5.86% | 17.15% |
IR | 24.3B | 6.5B | -8.83% | 45.85% | 40.13 | 4.1 | 16.93% | 6.34% |
XYL | 18.9B | 6.1B | -12.04% | 3.61% | 42.99 | 3.12 | 15.93% | 12.85% |
IEX | 15.6B | - | -9.05% | 4.19% | 26.63 | 5.23 | 15.09% | 14.53% |
GGG | 14.6B | 2.2B | -7.52% | 21.36% | 29.93 | 6.72 | 5.84% | 14.37% |
| MID-CAP | ||||||||
ITT | 8.0B | 3.2B | -3.67% | 48.78% | 18.88 | 2.54 | 11.48% | 25.05% |
DCI | 7.3B | 3.4B | -6.45% | 20.02% | 19.71 | 2.11 | 7.89% | 16.35% |
FLS | 5.1B | 4.0B | 0.91% | 61.73% | 21.47 | 1.28 | 13.86% | 149.05% |
| SMALL-CAP | ||||||||
ERII | 1.2B | 106.9M | -21.71% | -5.31% | 113.37 | 11.19 | -0.30% | -11.09% |
GRC | 861.3M | 631.3M | 1.48% | 37.25% | 39.79 | 1.36 | 51.20% | -1.04% |
TWIN | 185.3M | 269.0M | -3.58% | 14.43% | 19.15 | 0.69 | 15.38% | 145.94% |
MNTX | 94.5M | 285.3M | -1.06% | -15.70% | -39.11 | 0.33 | 21.74% | 78.41% |
NNBR | 87.5M | 497.6M | -10.58% | 3.33% | -2.26 | 0.18 | 3.44% | -162.21% |
Flowserve News
Returns for FLS
Cumulative Returns on FLS
-2.8%
10-Year Cumulative Returns
-0.9%
7-Year Cumulative Returns
-4.4%
5-Year Cumulative Returns
15.8%
3-Year Cumulative Returns
Risks for FLS
What is the probability of a big loss on FLS?
85.4%
Probability that Flowserve stock will be more than 20% underwater in next one year
66.5%
Probability that Flowserve stock will be more than 30% underwater in next one year.
19.6%
Probability that Flowserve stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FLS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Flowserve was unfortunately bought at previous high price.
Drawdowns
Financials for Flowserve
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 5.2% | 3,973 | 3,774 | 3,615 | 3,496 | 3,489 | 3,505 | 3,541 | 3,607 | 3,665 | 3,692 | 3,728 | 3,811 | 3,882 | 3,947 | 3,940 | 3,858 | 3,815 | 3,799 | 3,833 | 3,880 | 3,811 |
| Gross Profit | 6.7% | 1,154 | 1,081 | 994 | 966 | 980 | 1,008 | 1,050 | 1,078 | 1,110 | 1,101 | 1,117 | 1,171 | 1,219 | 1,267 | 1,289 | 1,262 | 1,237 | 1,205 | 1,188 | 1,170 | 1,129 |
| S&GA Expenses | 4.2% | 889 | 854 | 816 | 809 | 789 | 805 | 797 | 813 | 813 | 831 | 878 | 923 | 953 | 947 | 913 | 914 | 925 | 943 | 967 | 933 | 897 |
| EBITDA | - | - | - | - | - | - | - | 346 | 351 | 350 | 349 | 345 | 341 | 342 | 343 | 344 | 345 | 345 | 346 | - | - | - |
| EBITDA Margin | - | - | - | - | - | - | - | 0.10* | 0.10* | 0.10* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | - | - | - |
| Interest Expenses | 10.6% | 57.00 | 52.00 | 46.00 | 45.00 | 48.00 | 52.00 | 58.00 | 63.00 | 61.00 | 60.00 | 56.00 | 52.00 | 53.00 | 54.00 | 55.00 | 57.00 | 56.00 | 57.00 | 58.00 | 59.00 | 60.00 |
| EBT Margin | - | - | - | - | - | - | - | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.04* | 0.04* | 0.05* | 0.05* | 0.05* | - | - | - |
| Net Income | 2.8% | 238 | 231 | 189 | 84.00 | 95.00 | 96.00 | 126 | 165 | 172 | 132 | 130 | 147 | 151 | 199 | 239 | 229 | 198 | 157 | 120 | -49.40 | -30.00 |
| Net Income Margin | -100.0% | - | 0.06* | 0.05* | 0.02* | 0.03* | 0.03* | 0.04* | 0.05* | 0.05* | 0.03* | 0.03* | 0.03* | 0.04* | 0.05* | 0.06* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 13.00 | -40.01 | -10.47 | 117 | 187 | 250 | 346 | 352 | 300 | 311 | 285 | 284 | 322 | 313 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.9% | 4,920 | 4,876 | 4,791 | 4,506 | 4,583 | 4,703 | 4,750 | 5,596 | 4,819 | 4,810 | 5,315 | 5,174 | 4,778 | 4,762 | 4,938 | 4,764 | 4,821 | 4,846 | 4,649 | 4,605 | 4,651 |
| Current Assets | 1.5% | 2,579 | 2,542 | 2,451 | 2,224 | 2,281 | 2,377 | 2,389 | 3,223 | 2,441 | 2,449 | 2,904 | 2,806 | 2,431 | 2,426 | 2,507 | 2,396 | 2,409 | 2,437 | 2,383 | 2,325 | 2,373 |
| Cash Equivalents | 4.5% | 423 | 405 | 435 | 352 | 458 | 576 | 658 | 1,457 | 630 | 659 | 1,095 | 921 | 562 | 622 | 671 | 546 | 596 | 638 | 620 | 530 | 517 |
| Inventory | 3.6% | 914 | 882 | 803 | 779 | 749 | 722 | 678 | 698 | 690 | 672 | 667 | 714 | 684 | 684 | 661 | 687 | 681 | 680 | 634 | 656 | 675 |
| Net PPE | 0.7% | 500 | 496 | 501 | 473 | 487 | 507 | 516 | 513 | 526 | 535 | 557 | 551 | 547 | 551 | 564 | 576 | 590 | 588 | 610 | 609 | 626 |
| Goodwill | 0.3% | 1,177 | 1,174 | 1,168 | 1,136 | 1,163 | 1,186 | 1,196 | 1,203 | 1,213 | 1,209 | 1,225 | 1,205 | 1,188 | 1,180 | 1,193 | 1,178 | 1,195 | 1,192 | 1,198 | 1,204 | 1,207 |
| Current Liabilities | -2.2% | 1,292 | 1,322 | 1,243 | 1,092 | 1,092 | 1,148 | 1,132 | 1,909 | 1,070 | 1,084 | 1,142 | 1,094 | 1,090 | 1,106 | 1,117 | 1,048 | 1,059 | 1,121 | 1,081 | 1,040 | 1,053 |
| LT Debt, Current | 4.5% | 56.00 | 53.00 | 49.00 | 48.00 | 46.00 | 45.00 | 41.00 | 837 | 10.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 11.00 | - | - | - | - | - | - |
| LT Debt, Non Current | 3.0% | 1,245 | 1,209 | 1,224 | 1,232 | 1,242 | 1,252 | 1,262 | 1,272 | 1,307 | 1,308 | 1,718 | 1,701 | 1,373 | 1,357 | 1,366 | 1,350 | 1,386 | 1,392 | 1,415 | 1,437 | 1,455 |
| Shareholder's Equity | 0.3% | 1,884 | 1,880 | 1,825 | 1,657 | 1,754 | 1,791 | 1,837 | 1,791 | 1,771 | 1,742 | 1,761 | 1,672 | 1,646 | 1,640 | 1,772 | 1,723 | 1,712 | 1,708 | 1,632 | 1,631 | 1,642 |
| Retained Earnings | 0.7% | 3,799 | 3,774 | 3,774 | 3,679 | 3,667 | 3,649 | 3,691 | 3,701 | 3,677 | 3,658 | 3,671 | 3,640 | 3,610 | 3,662 | 3,652 | 3,651 | 3,608 | 3,575 | 3,543 | 3,505 | 3,502 |
| Additional Paid-In Capital | 0.6% | 495 | 492 | 507 | 507 | 500 | 496 | 506 | 501 | 494 | 489 | 502 | 500 | 499 | 498 | 501 | 500 | 493 | 488 | 495 | 489 | 483 |
| Accumulated Depreciation | -3.8% | 1,139 | 1,184 | 1,173 | 1,135 | 1,151 | 1,161 | 1,192 | 1,117 | 1,108 | 1,088 | 1,093 | 1,069 | 1,035 | 1,007 | 1,013 | 989 | 992 | 968 | 957 | 952 | 983 |
| Shares Outstanding | 0.2% | 131 | 131 | - | 131 | 131 | 130 | - | 130 | 130 | 130 | - | - | - | - | - | - | - | - | - | - | - |
| Minority Interest | 12.5% | 38.00 | 33.00 | 34.00 | 35.00 | 32.00 | 36.00 | 33.00 | 32.00 | 30.00 | 30.00 | 30.00 | 30.00 | 28.00 | 26.00 | 26.00 | 25.00 | 23.00 | 21.00 | 18.00 | 18.00 | 20.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 512.2% | 82.00 | 13.00 | -40.01 | -10.47 | 117 | 187 | 250 | 347 | 352 | 299 | 311 | 295 | 295 | 333 | 324 | 308 | 297 | 350 | 191 | 265 | 208 |
| Share Based Compensation | 0.2% | 25.00 | 24.00 | 26.00 | 30.00 | 30.00 | 31.00 | 29.00 | 27.00 | 25.00 | 23.00 | 27.00 | 25.00 | 27.00 | 31.00 | 24.00 | 28.00 | 27.00 | 24.00 | 20.00 | 17.00 | 15.00 |
| Cashflow From Investing | 3.9% | -9.92 | -10.32 | -6.09 | -66.41 | -64.63 | -62.21 | -59.48 | -47.75 | -47.28 | -45.97 | -41.70 | -61.54 | -66.68 | -67.17 | -33.38 | -36.39 | -35.59 | -40.00 | -81.47 | -44.11 | -9.01 |
| Cashflow From Financing | 32.7% | -104 | -155 | -150 | -983 | -186 | -188 | -599 | 241 | -249 | -236 | 148 | 143 | -238 | -253 | -231 | -235 | -172 | -170 | -173 | -182 | -190 |
| Dividend Payments | 0.1% | 105 | 105 | 105 | 104 | 105 | 104 | 105 | 105 | 104 | 105 | 104 | 103 | 102 | 101 | 100 | 100 | 100 | 100 | 99.00 | 99.00 | 99.00 |
| Buy Backs | - | - | - | - | - | - | 12.00 | 18.00 | 18.00 | 18.00 | 5.00 | 32.00 | 42.00 | 47.00 | 47.00 | 15.00 | 5.00 | - | - | - | - | - |
FLS Income Statement
2023-06-30Condensed Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Sales | $ 1,080,376 | $ 882,222 | $ 2,060,681 | $ 1,703,280 |
| Cost of sales | (757,616) | (632,393) | (1,441,090) | (1,243,803) |
| Gross profit | 322,760 | 249,829 | 619,591 | 459,477 |
| Selling, general and administrative expense | (230,082) | (194,606) | (474,359) | (400,816) |
| Net earnings from affiliates | 3,970 | 5,109 | 8,603 | 9,039 |
| Operating income | 96,648 | 60,332 | 153,835 | 67,700 |
| Interest expense | (16,554) | (11,062) | (32,766) | (21,755) |
| Interest income | 1,907 | 854 | 3,401 | 1,797 |
| Other income (expense), net | (5,543) | 7,589 | (13,562) | (524) |
| Earnings before income taxes | 76,458 | 57,713 | 110,908 | 47,218 |
| Provision for income taxes | (21,304) | (11,618) | (25,757) | (14,800) |
| Net earnings, including noncontrolling interests | 55,154 | 46,095 | 85,151 | 32,418 |
| Less: Net earnings attributable to noncontrolling interests | (3,951) | (1,318) | (7,181) | (3,458) |
| Net earnings attributable to Flowserve Corporation | $ 51,203 | $ 44,777 | $ 77,970 | $ 28,960 |
| Net earnings per share attributable to Flowserve Corporation common shareholders: | ||||
| Basic (in dollars per share) | $ 0.39 | $ 0.34 | $ 0.59 | $ 0.22 |
| Diluted (in dollars per share) | $ 0.39 | $ 0.34 | $ 0.59 | $ 0.22 |
| Weighted average shares - basic (in shares) | 131,171,000 | 130,666,000 | 131,051,000 | 130,554,000 |
| Weighted average shares - diluted (in shares) | 131,810,000 | 131,245,000 | 131,782,000 | 131,148,000 |
FLS Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 422,837 | $ 434,971 |
| Accounts receivable, net of allowance for expected credit losses of $84,358 and $83,062, respectively | 887,867 | 868,632 |
| Contract assets, net of allowance for expected credit losses of $4,420 and $5,819, respectively | 227,636 | 233,457 |
| Inventories, net | 914,288 | 803,198 |
| Prepaid expenses and other | 126,756 | 110,714 |
| Total current assets | 2,579,384 | 2,450,972 |
| Property, plant and equipment, net of accumulated depreciation of $1,139,149 and $1,172,957, respectively | 500,075 | 500,945 |
| Operating lease right-of-use assets, net | 164,391 | 174,980 |
| Goodwill | 1,177,131 | 1,168,124 |
| Deferred taxes | 158,835 | 149,290 |
| Other intangible assets, net | 125,216 | 134,503 |
| Other assets, net of allowance for expected credit losses of $66,857 and $66,377, respectively | 214,983 | 211,820 |
| Total assets | 4,920,015 | 4,790,634 |
| Current liabilities: | ||
| Accounts payable | 492,623 | 476,747 |
| Accrued liabilities | 441,520 | 427,578 |
| Contract liabilities | 269,725 | 256,963 |
| Debt due within one year | 55,781 | 49,335 |
| Operating lease liabilities | 32,440 | 32,528 |
| Total current liabilities | 1,292,089 | 1,243,151 |
| Long-term debt due after one year | 1,245,253 | 1,224,151 |
| Operating lease liabilities | 146,255 | 155,196 |
| Retirement obligations and other liabilities | 314,408 | 309,529 |
| Contingencies (See Note 10) | ||
| Shareholders’ equity: | ||
| Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 | 220,991 | 220,991 |
| Capital in excess of par value | 495,281 | 507,484 |
| Retained earnings | 3,798,984 | 3,774,209 |
| Treasury shares, at cost – 45,894 and 46,359 shares, respectively | (2,014,932) | (2,036,882) |
| Deferred compensation obligation | 7,815 | 6,979 |
| Accumulated other comprehensive loss | (623,687) | (647,788) |
| Total Flowserve Corporation shareholders’ equity | 1,884,452 | 1,824,993 |
| Noncontrolling interests | 37,558 | 33,614 |
| Total equity | 1,922,010 | 1,858,607 |
| Total liabilities and equity | $ 4,920,015 | $ 4,790,634 |
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.