Announcement • Aug 06
Flowserve Corporation Announces Appointment of Ajay Agrawal to Board of Directors, Effective August 5, 2026 Flowserve Corporation announced that on August 4, 2026, the Board of Directors elected Ajay Agrawal, Chief Business Development Officer and Senior Vice President, Global Services for Carrier Global Corporation, as a new member of the Board, effective August 5, 2026. Mr. Agrawal fills the newly created directorship resulting from the increase in the number of directors pursuant to resolutions duly adopted by the Board under the Company's Amended and Restated By-Laws. In connection with his election to the Board, Mr. Agrawal has also been appointed to serve as a member of the Organization and Compensation Committee and Technology, Innovation and Risk Committee of the Board. Mr. Agrawal is expected to be nominated for reelection by the Company's shareholders at the 2027 annual meeting of shareholders. Mr. Agrawal currently serves as the Chief Business Development Officer and Senior Vice President, Global Services at Carrier Global Corporation. Prior to Mr. Agrawal's appointment as Chief Business Development Officer and Senior Vice President, Global Services for Carrier in 2025, Mr. Agrawal was the Chief Strategy Officer and Senior Vice President, Global Services at Carrier from 2023 to 2025. Prior to this role, he was the Chief Strategy Officer and SVP, Global Services and Healthy Buildings at Carrier from 2019 to 2023. Prior to his experience at Carrier, Mr. Agrawal was the President of Aftermarket Services at Collins Aerospace. Mr. Agrawal holds a doctorate in engineering from the University of Missouri and an MBA from Carnegie Mellon University. Announcement • Aug 01
Flowserve Corporation Provides Earnings Guidance for the Third Quarter of 2026 Flowserve Corporation provided earnings guidance for the third quarter of 2026. For the quarter, the company expects mid-single-digit total sales growth. Net earnings expects to be similar to the second quarter of 2026, including the impact of the higher tax rate. Announcement • Jul 16
Flowserve Corporation to Report Q2, 2026 Results on Jul 29, 2026 Flowserve Corporation announced that they will report Q2, 2026 results After-Market on Jul 29, 2026 Announcement • Jul 01
Flowserve Corporation (NYSE:FLS) completed the acquisition of Valves Division of Weir Floway, Inc. Flowserve Corporation (NYSE:FLS) signed a definitive agreement to acquire Valves Division of Weir Floway, Inc. for $490 million on February 4, 2026. A cash consideration of $490 million will be paid by Flowserve Corporation. As part of consideration, $490 million is paid towards assets of Valves Division of Weir Floway, Inc. The transaction will be financed using a combination of cash on hand and additional debt. The acquisition excludes Trillium Valves’ French operations.
The transaction reflects TEV/EBITDA multiple of 12.3x. The transaction, subject to the satisfaction of customary closing conditions and regulatory approvals, is expected to close mid-year 2026. The transaction is expected to be accretive to adjusted operating income in 2026, excluding anticipated synergies.
Goldman Sachs & Co. LLC acted as financial advisor and John Quattrocchi, Robert Gray and Tanner Bodine of Baker & McKenzie LLP acted as legal advisor for Flowserve Corporation. J.P. Morgan Securities LLC acted as financial advisor and Freshfields LLP acted as legal advisor for Weir Floway, Inc. and First Reserve Management, L.P.
Flowserve Corporation (NYSE:FLS) completed the acquisition of Valves Division of Weir Floway, Inc. on June 30, 2026. Announcement • May 28
Starboard Issues a Letter to Flowserve On May 28, 2026, Starboard Value LP announced that it delivered a letter to Flowserve’s Board of Directors highlighting that the Company has significantly underperformed due to poor execution and details opportunities to deliver improved shareholder value. Starboard Value stated that it believes the Company Is a high-quality business poised to benefit from powerful secular tailwinds across reindustrialization, power generation, nuclear, and energy security and looks forward to continuing constructive engagement with board and management and plans to hold Company accountable. Announcement • May 02
Flowserve Corporation Updates Earnings Guidance for the Fiscal Year 2026 Flowserve Corporation updated earnings guidance for the fiscal year 2026. For the year, the company expects total sales growth of +3% to +6% compared to previous guidance of +5% to +7%. Announcement • Apr 15
Flowserve Corporation to Report Q1, 2026 Results on Apr 29, 2026 Flowserve Corporation announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Announcement • Apr 03
Flowserve Corporation, Annual General Meeting, May 14, 2026 Flowserve Corporation, Annual General Meeting, May 14, 2026. Announcement • Mar 16
Flowserve Corporation Appoints Brian Savoy to Board of Directors and Audit Committee and Technology, Innovation and Risk Committee, Effective March 16, 2026 Flowserve Corporation announced that its Board of Directors has elected Brian Savoy as a member of the Board of Directors and appointed him to the Audit Committee and Technology, Innovation and Risk Committee, effective March 16, 2026. Mr. Savoy currently serves as the Chief Financial Officer and Executive Vice President at Duke Energy, an electric power and natural gas holding company. His experience also includes serving as Duke Energy’s Chief Strategy and Commercial Officer as well as its Chief Transformation and Administrative Officer. Brian also currently serves as a board member and audit committee chair for the Electric Power Research Institute, a nonprofit organization advancing safe, reliable, and sustainable energy through research and collaboration with utilities, regulators, and policymakers. Mr. Savoy earned a Bachelor of Business Administration degree in accounting from Lamar University and is a certified public accountant. Announcement • Feb 13
Flowserve Corporation Announces Quarterly Dividend, Payable on April 10, 2026 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share on the Company’s outstanding shares of common stock. This represents a 5% increase to the Company’s most recent per share quarterly dividend. The dividend is payable on April 10, 2026, to shareholders of record as of the close of business on March 27, 2026. Announcement • Feb 06
Flowserve Corporation Provides Earnings Guidance for the Financial Year 2026 Flowserve Corporation provided earnings guidance for the financial year 2026. For the year 2026, Organic Sales Growth to be +1% to +3%. Total Sales Growth to be +5% to +7%. Announcement • Jan 21
Flowserve Corporation to Report Q4, 2025 Results on Feb 05, 2026 Flowserve Corporation announced that they will report Q4, 2025 results After-Market on Feb 05, 2026 Announcement • Jan 01
Kenneth I. Siegel Announces Not Stand for Re-Election to the Board of Flowserve Corporation Flowserve Corporation announced that on December 29, 2025, Kenneth I. Siegel informed the Board of Directors of Flowserve Corporation that he would not stand for re-election at the Company's 2026 annual meeting of shareholders. Mr. Siegel will continue to serve as a director until the annual meeting. Mr. Siegel's decision not to stand for re-election was not the result of any disagreement with the management or the Board of the Company. Announcement • Dec 17
Flowserve Corporation (NYSE:FLS) acquired Greenray Turbine Solutions Limited for approximately $72 million. Flowserve Corporation (NYSE:FLS) acquired Greenray Turbine Solutions Limited for approximately $72 million on December 16, 2025. A cash consideration of $72 million will be paid by Flowserve Corporation. As part of consideration, $72 million is paid towards common equity of Greenray Turbine Solutions Limited.
Flowserve Corporation (NYSE:FLS) completed the acquisition of Greenray Turbine Solutions Limited for approximately $72 million on December 16, 2025. Announcement • Dec 12
Flowserve Corporation Announces Quarterly Cash Dividend on Common Stock, Payable on January 9, 2026 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the Company’s outstanding shares of common stock. The dividend is payable on January 9, 2026, to shareholders of record as of the close of business on December 26, 2025. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board of Directors at its discretion. Announcement • Oct 29
Flowserve Corporation Updates Earnings Guidance for the Full-Year 2025 Flowserve Corporation updated earnings guidance for the full-year 2025. For the year, the company expected organic sales growth of positive 2% as compared to prior guidance of positive 3% to positive 4%. Total sales growth of positive 4% to positive 5% as compared to prior guidance of positive 5% to positive 6%. Announcement • Oct 08
Flowserve Corporation to Report Q3, 2025 Results on Oct 28, 2025 Flowserve Corporation announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 28, 2025 Announcement • Sep 17
Flowserve Corporation Announces Executive Changes Flowserve Corporation has announced that Alice DeBiasio will join the company as President of the Flow Control Division, beginning Oct. 13, 2025. Alice DeBiasio is an accomplished leader with extensive experience leading global industrial organizations and driving consistent profitable growth, innovation and customer loyalty. Most recently, DeBiasio served as Vice President, General Manager at Carrier Corporation, where she led multiple business segments, including Truck Trailer Americas, Sensitech and Digital Solutions for the entire Climate Solutions Transportation divisions. Prior to Carrier, she held leadership roles of increasing responsibility at Resideo (formerly Honeywell) and Northrop Grumman, where she focused on product management, software solutions, project management and engineering. DeBiasio holds an MBA and a Master of Science in Mechanical Engineering from SUNY Stony Brook University, as well as a Bachelor of Science in Mechanical Engineering and a Bachelor of Arts in Music Instrumental Performance from the University of Miami. Kirk Wilson, the current President of the Flow Control Division, will remain with Flowserve as a senior advisor through Jan. 9, 2026, to assist with special projects and ensure a smooth transition as DeBiasio enters her new role. Announcement • Aug 14
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 10, 2025 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the Company’s outstanding shares of common stock. The dividend is payable on October 10, 2025, to shareholders of record as of the close of business on September 26, 2025. Announcement • Jul 11
Flowserve Corporation to Report Q2, 2025 Results on Jul 30, 2025 Flowserve Corporation announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Announcement • Jun 04
Flowserve Corporation (NYSE:FLS) entered into a definitive agreement to acquire Chart Industries, Inc. (NYSE:GTLS) for approximately $7.2 billion in a merger of equals transaction. Flowserve Corporation (NYSE:FLS) entered into a definitive agreement to acquire Chart Industries, Inc. (NYSE:GTLS) for approximately $7.2 billion in a merger of equals transaction on June 3, 2025. The transaction is structured as an all-stock merger of equals. Chart shareholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned. 6.75% Series B Mandatory Convertible Preferred Stock of Chart, that remain issued and outstanding immediately prior to the First Effective Time, each such share of Chart Preferred Stock shall be converted into the right to receive one share of a newly created 6.75% Series B Mandatory Convertible Preferred Stock of Flowserve, par value $1.00 per share, having the same rights, privileges and voting powers, and limitations and restrictions thereof, as the shares of Chart Preferred Stock had immediately prior to the First Effective Time. Following the close of the transaction, Chart shareholders will own approximately 53.5% and Flowserve shareholders will own approximately 46.5% of the combined company, on a fully diluted basis. A termination fee of $250 million is payable by chart and $215 million is payable by Flowserve. The combined company is expected to have an enterprise value of approximately $19 billion, generated net revenue of approximately $8.8 billion on a combined LTM basis as of the end of Q1 2025,leverage ratio of 2.0x net debt to adjusted EBITDA at close. Upon closing, the combined company’s Board will comprise 12 directors, six of whom will be from Chart and six from Flowserve. Ms. Evanko will serve as the Chair of the combined company’s Board of Directors, Mr. Rowe will serve as Chief Executive Officer of the combined company, and John Garrison will serve as Lead Independent Director of the combined company’s Board. Following the closing of the transaction, the combined company will have its headquarters in Dallas, TX and expects to maintain a presence in Atlanta and Houston, supported by a global footprint across more than 50 countries. The combined company will assume a new name and brand following close.
The transaction has been unanimously approved by the board of directors of each company, subject to approval of shareholders of both Chart and Flowserve, the receipt of regulatory approvals, HSR act clearance,the effectiveness of a registration statement and the satisfaction of other customary closing conditions and is expected to close in the fourth quarter of 2025. The transaction is anticipated to be Meaningfully Accretive to Combined Adjusted EPS in First Year.
Wells Fargo Securities, LLC acted as financial advisor and fairness opinion provider, Matt Stevens and Paul Huddle of Winston & Strawn LLP acted as legal advisor for Chart Industries, Inc. Guggenheim Securities, LLC acted as financial advisor and fairness opinion provider, Cravath, George F. Schoen and Daniel J. Cerqueira of Swaine & Moore LLP acted as legal advisor for Flowserve Corporation. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor. Veriten is serving as an independent strategic advisor to Flowserve. Announcement • Apr 30
Flowserve Corporation Reaffirms Earnings Guidance for the Year 2025 Flowserve Corporation reaffirmed earnings guidance for the year 2025. For the year, the company expected organic sales growth of positive 3% to positive 5%. Total sales growth of positive 5% to positive 7%. Announcement • Apr 11
Flowserve Corporation to Report Q1, 2025 Results on Apr 29, 2025 Flowserve Corporation announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Announcement • Apr 04
Flowserve Corporation, Annual General Meeting, May 16, 2025 Flowserve Corporation, Annual General Meeting, May 16, 2025. Announcement • Mar 11
Flowserve Corporation Launches First Sealless Pump with True Secondary Containment, Setting New Standard for Safety Flowserve Corporation has launched the INNOMAG TB-MAG Dual Drive Pump, the world's first sealless pump to eliminate leaks, setting a new standard for safety and environmental protection. For chemical plant operators, processing toxic and hazardous fluids such as hydrofluoric acid or acrylonitrile requires safeguards to avoid potential catastrophic consequences for the sites and the environment around them. One such safeguard is using pumps with a secondary containment system to house liquid in the event of a pump failure. Historically, Canned Motor Pumps (CMPs) were the only viable option because sealless pumps with dual control systems include parts that wear over time and are susceptible to leaking. The INNOMAG TB- MAG Dual Drive now makes sealless pumps a safe alternative to CMPs and other sealless pumps with dual Control systems because the liquid and drive sections of the pump are both sealed airtight, providing a true secondary layer of protection in the pump. By containing the liquid in the pump, the motor remains liquid-free and operational - the most common downfall from CMP failures. The INNOMAGTB-MAG Dual Drive also has an additional layer of corrosion resistance for handling chemicals due to a non-metallic liner which coats the pump internally. These features help ensure the elimination of leaks, enabling a significant safety net for operators who process these fluids each day. The INNOMAG CB-MAG Dual Drive pump offers all the same benefits as other similar products: ISO/ASME (ANSI) compliant, simple installation, low-maintenance, solids handlings up to 30% volume concentration and reliability. With its modular design, standard single containment INNOMAG TB-Mag pumps can be enhanced by bolting on the Dual Drive unit. Alternatively, the INNOMAG TB - Dual Drive can be purchased as a complete unit. Announcement • Jan 28
Flowserve Corporation to Report Q4, 2024 Results on Feb 18, 2025 Flowserve Corporation announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 18, 2025 Announcement • Dec 17
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on January 10, 2025 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable January 10, 2025, to shareholders of record as of the close of business on December 27, 2024. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board of Directors at its discretion. Announcement • Oct 29
Flowserve Corporation Reaffirms Earnings Guidance for the Year 2024 Flowserve Corporation reaffirmed earnings guidance for the year 2024. The company reaffirmed Revenue Growth Up 4.0% to 6.0% and reported earnings per share to be $2.15 to $2.35. Announcement • Oct 18
Flowserve Corporation to Report Q3, 2024 Results on Oct 28, 2024 Flowserve Corporation announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Announcement • Oct 17
Flowserve Corporation (NYSE:FLS) acquired Mogas Industries, Inc. from MOGAS family. Flowserve Corporation (NYSE:FLS) has signed a definitive agreement to acquire Mogas Industries, Inc. from MOGAS family for approximately $310 million on August 13, 2024. The Transaction includes an upfront purchase price of $290 million of cash consideration with an additional earnout of up to $15 million tied to the achievement of certain minimum levels of adjusted EBITDA of the MOGAS business for the calendar year ended December 31, 2024. The upfront purchase price represents a purchase multiple of approximately 7.5x MOGAS’ 2024E adjusted EBITDA. MOGAS will be integrated into Flowserve’s Flow Control Division. MOGAS team joins Flowserve. Flowserve expects to fund the upfront cash consideration through a combination of cash and available debt financing. The Transaction is subject to the satisfaction of customary closing conditions and regulatory approvals. The Transaction is expected to close in the fourth quarter of 2024. The Transaction is expected to be accretive to Flowserve’s adjusted EPS in the first full year following closing. Jefferies is serving as financial advisor and Baker McKenzie is serving as legal advisor to Flowserve. Baird is serving as financial advisor and Susan Pravda, Alexander Miska, Katharine Beattie, Katherine Califa, Christopher McKenna, Benjamin Dryden, Chanley Howell, Casey Knapp, Ethan Lenz, John Palmer, Joshua Roling, Sarah Slack, Christopher Swift, Sophie Lignier, and Sonia Kothari of Foley & Lardner is serving as legal advisors to MOGAS.
Flowserve Corporation (NYSE:FLS) completed the acquisition of Mogas Industries, Inc. from MOGAS family on October 15, 2024. Flowserve used cash to fund the transaction’s purchase price. Announcement • Aug 16
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 11, 2024 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable on October 11, 2024, to shareholders of record as of the close of business on September 27, 2024. The company currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board of Directors at its discretion. Announcement • Aug 15
Flowserve Corporation (NYSE:FLS) has signed a definitive agreement to acquire Mogas Industries, Inc. from Mogas family for approximately $310 million. Flowserve Corporation (NYSE:FLS) has signed a definitive agreement to acquire Mogas Industries, Inc. from Mogas family for approximately $310 million on August 13, 2024. The Transaction includes an upfront purchase price of $290 million of cash consideration with an additional earnout of up to $15 million tied to the achievement of certain minimum levels of adjusted EBITDA of the MOGAS business for the calendar year ended December 31, 2024. The upfront purchase price represents a purchase multiple of approximately 7.5x MOGAS’ 2024E adjusted EBITDA. MOGAS will be integrated into Flowserve’s Flow Control Division. MOGAS team joins Flowserve. Flowserve expects to fund the upfront cash consideration through a combination of cash and available debt financing. The Transaction is subject to the satisfaction of customary closing conditions and regulatory approvals. The Transaction is expected to close in the fourth quarter of 2024. The Transaction is expected to be accretive to Flowserve’s adjusted EPS in the first full year following closing. Jefferies is serving as financial advisor and Baker McKenzie is serving as legal advisor to Flowserve. Baird is serving as financial advisor and Susan Pravda, Alexander Miska, Katharine Beattie, Katherine Califa, Christopher McKenna, Benjamin Dryden, Chanley Howell, Casey Knapp, Ethan Lenz, John Palmer, Joshua Roling, Sarah Slack, Christopher Swift, Sophie Lignier, and Sonia Kothari of Foley & Lardner is serving as legal advisors to MOGAS. Announcement • Jul 31
Flowserve Corporation Reaffirms Earnings Guidance for the Year 2024 Flowserve Corporation reaffirmed earnings guidance for the year 2024. The company reaffirmed Revenue Growth Up 4.0% to 6.0% and reported earnings per share to be $2.25 to $2.45. Announcement • Jul 13
Flowserve Corporation to Report Q2, 2024 Results on Jul 29, 2024 Flowserve Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2024 Announcement • May 22
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on July 12, 2024 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable on July 12, 2024, to shareholders of record as of the close of business on June 28, 2024. Announcement • Apr 30
Flowserve Corporation Reaffirms Earnings Guidance for the Year 2024 Flowserve Corporation reaffirmed earnings guidance for the year 2024. For the year, the company reaffirmed revenue Growth of up 4.0% to 6.0% and reported earnings per share of $2.25 - $2.45. Announcement • Apr 16
Flowserve Corporation to Report Q1, 2024 Results on Apr 29, 2024 Flowserve Corporation announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2024 Announcement • Apr 03
Flowserve Corporation, Annual General Meeting, May 16, 2024 Flowserve Corporation, Annual General Meeting, May 16, 2024, at 11:30 Central Daylight. Agenda: To consider Elect the 11 directors named in the proxy statement; to consider approve, on an advisory basis, the Company’s executive compensation; to ratify the appointment of PricewaterhouseCoopers as company's independent auditor for 2024; to consider and approve the Company’s employee stock purchase plan; to consider Shareholder Proposal to report the Company’s political spending and policies and procedures regarding political spending. Announcement • Feb 07
Flowserve Corporation Announces Executive Changes On February 1, 2024, Elizabeth L. Burger tendered her resignation as Senior Vice President, Chief Human Resources Officer of Flowserve Corporation, in order to accept a position as EVP and chief human resources officer at another publicly traded company. Ms. Burger will continue in her current role until her departure on March 1, 2024. Susan C. Hudson, the Company’s Senior Vice President and Chief Legal Officer, will then assume Ms. Burger’s responsibilities on an interim basis, until a replacement is identified. Announcement • Feb 02
Flowserve Corporation to Report Q4, 2023 Results on Feb 20, 2024 Flowserve Corporation announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Announcement • Oct 27
Andritz AG (WBAG:ANDR) signed an agreement to acquire NAF AB from Flowserve Corporation (NYSE:FLS). Andritz AG (WBAG:ANDR) signed an agreement to acquire NAF AB from Flowserve Corporation (NYSE:FLS) on October 25, 2023.The completion of the transaction is subject to approval by the respective authorities. The closing is expected to take place in Q1 2024 Announcement • Oct 26
Flowserve Corporation Revises Earnings Guidance for the Full Year 2023 Flowserve Corporation revised earnings guidance for the full year 2023. For the year, the company expected revenue growth of 18% to 19% compared to the previous guidance range of 16% to 18%. Reported earnings per share of $1.40 to $1.50 compared to the prior target range of $1.40 to $1.65. Announcement • Oct 18
Flowserve Corporation to Report Q3, 2023 Results on Oct 25, 2023 Flowserve Corporation announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Announcement • Oct 06
Flowserve Announces French Regulatory Rejection of Velan Transaction Flowserve Corporation announced that the French Ministry of Economy, as part of its Foreign Direct Investment review process, has rejected Flowserve’s acquisition of Velan Inc. Flowserve and Velan previously extended the outside date (the “Outside Date”) of the arrangement agreement made as of February 9, 2023, among Velan, 14714750 Canada Inc. and Flowserve US Inc., as amended (the “Arrangement Agreement”) to October 7, 2023. With the latest development regarding the French regulatory denial, Flowserve does not intend to make any further extensions to the Outside Date and intends to terminate the Arrangement Agreement following the occurrence of the Outside Date. According to the terms of the Arrangement Agreement, no termination fee will be payable by either party. Announcement • Sep 21
Flowserve Corporation Announces Board Changes, Effective December 8, 2023 Flowserve Corporation announced that its board of directors has elected Cheryl H. Johnson as a member of its board of directors, effective December 8, 2023. Ms. Johnson will also be appointed to the organization and compensation committee, as well as the finance and risk committee of the board on the same date. Ms. Johnson’s appointment follows the retirement of John Friedery, who will retire from the board effective December 8, 2023. Ms. Johnson currently serves as the chief human resources officer at Caterpillar Inc. since 2017. Ms. Johnson was the Executive Vice President at Textron from 2012 to 2017 and the Director of Talent and Organization Development at Bell Helicopter from 2009 to 2012. Her prior experience includes serving as Executive Vice President of Human Resources for Textron Inc., an aviation and aerospace component manufacturer, where she led global human resources, corporate communications, and community affairs. Ms. Johnson earned a Bachelor of Science in operations management as well as an MBA from Northern Illinois University. Announcement • Aug 17
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 6, 2023 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.20 per share on the company's outstanding shares of common stock. The dividend is payable on October 6, 2023, to shareholders of record as of the close of business on September 22, 2023. Announcement • Aug 03
Flowserve Corporation Revises Earnings Guidance for the Full Year 2023 Flowserve Corporation revised earnings guidance for the full year 2023. For the year, the company expected revenue growth of 16.0% to 18.0% up from the previous guidance range of 10.0% to 12.0%. Reported earnings per share of $1.40 to $1.65. Announcement • Jun 01
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on July 7, 2023 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.20 per share on the company's outstanding shares of common stock. The dividend is payable on July 7, 2023, to shareholders of record as of the close of business on June 23, 2023. Announcement • Feb 18
Flowserve Corporation Announces Management Changes Flowserve Corporation announced that As part of a reorganization and restructuring plan to align with company’s diversify, decarbonize and digitize strategy and in an effort to optimize operational execution, on February 13, 2023, the Company announced that Tamara Morytko, the President of the Company’s Flowserve Pumps Division, will step down from her position effective February 24, 2023. In addition, Keith Gillespie, the Company’s Senior Vice President and Chief Sales Officer, will step down from his position effective April 7, 2023. Both separations constitute terminations without Cause as defined in the Flowserve Corporation Executive Officer Severance Plan and as a result, both will receive severance payments and benefits under that plan. As a result of these departures, the Company has appointed Lamar Duhon as the President of the Company’s Flowserve Pumps Division effective February 24, 2023 in addition to his current responsibilities. Mr. Duhon has served as the President of the Company’s Aftermarket Services and Solutions segment since he joined Flowserve in January 2022. Mr. Gillespie will continue to serve in his current capacity through April 7, 2023, while the Company transitions Mr. Gillespie’s responsibilities to Mr. Duhon and Kirk Wilson, the Company’s President of its Flow Control Division. Announcement • May 05
Flowserve Corporation Revises Earnings Guidance for the Year 2022 Flowserve Corporation revised earnings guidance for the year 2022. For the year, the company expects Revenue Growth of Up 5.0% to 7.0% compared to 7.0% to 9.0% as previously forecasted. Reported Earnings Per Share is expected to be $1.25 - $1.45 compared to $1.65 - $1.85 as previously forecasted. Announcement • Apr 21
Flowserve Corporation to Report Q1, 2022 Results on May 02, 2022 Flowserve Corporation announced that they will report Q1, 2022 results After-Market on May 02, 2022 Announcement • Apr 01
Flowserve Corporation, Annual General Meeting, May 12, 2022 Flowserve Corporation, Annual General Meeting, May 12, 2022, at 11:30 Central Daylight. Agenda: To elect the 9 directors named in the proxy statement; to approve, on an advisory basis, the Company’s executive compensation; to ratify the appointment of PricewaterhouseCoopers as the company's independent auditor for 2022; and to consider shareholder proposal to Reduce Threshold to Call a Special Shareholder Meeting. Announcement • Feb 24
Flowserve Corporation Provides Earnings Guidance for the Year 2022 Flowserve Corporation provided earnings guidance for the year 2022. For the year, the company expects revenue to between down by 7% and 9%. Earnings per share of $1.65 to $1.85. Announcement • Feb 18
Flowserve Announces Quarterly Cash Dividend, Payable on April 8, 2022 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.20 per share on the company's outstanding shares of common stock. The dividend is payable on April 8, 2022, to shareholders of record as of the close of business on March 25, 2022. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.20 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion. Announcement • Feb 12
Flowserve Corporation to Report Q4, 2021 Results on Feb 24, 2022 Flowserve Corporation announced that they will report Q4, 2021 results After-Market on Feb 24, 2022 Announcement • Aug 06
Flowserve Corporation Raises Earnings Guidance for the Full Year of 2021 Flowserve Corporation raised earnings guidance for the full year of 2021. The company now expects the revenue to be down, between the range of 2.0% to 4.0% as previously announced range was down between the range of 3% to 5.0%. Announcement • May 21
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on July 9, 2021 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.20 per share on the company's outstanding shares of common stock. The dividend is payable on July 9, 2021, to shareholders of record as of the close of business on June 25, 2021. Announcement • May 04
Flowserve Corporation Raises Earnings Guidance for the Full Year of 2021 Flowserve Corporation raised earnings guidance for the full year of 2021. The company now expects the revenue to be down, between the range of 3.0% to 5.0% as previously announced range was down between the range of 4% to 7.0%. Announcement • Mar 03
Flowserve Corporation Supports Pfizer in the Production of Covid-19 Vaccine Flowserve Corporation announced that it is providing pumps, valves and seals to Pfizer to support production of its COVID-19 vaccine. Additionally, the company through its channel partner, Corrosion Fluid Products, is providing Pfizer with a cryogenic valve application to support their expanded production capabilities of the COVID-19 vaccine. The Flowserve Cookeville, Tennessee facility will supply Pfizer with more than 200 Worcester cryogenic ball valves that can handle the rigorous temperature requirements needed in supporting the mass production of the COVID-19 vaccine. And finally, the company's Chesapeake, Virginia and Itzehoe, Germany pump manufacturing facilities are providing pumps to Pfizer for both their North American and European vaccine production. Announcement • Feb 09
Flowserve Corporation to Report Q4, 2020 Results on Feb 18, 2021 Flowserve Corporation announced that they will report Q4, 2020 results After-Market on Feb 18, 2021 Announcement • Jan 28
Flowserve Corporation Launches RedRaven IoT Services Platform Giving Companies Remote Control over Critical Aspects of Operations Flowserve Corporation announced the launch of a revolutionary IoT service suite to help production facilities monitor their assets remotely, predict equipment failures before they happen and take preventive measures to avoid business disruptions. Called RedRaven, the new platform supports any flow control equipment regardless of manufacturer, opening the door for companies to quickly realize the full benefits of IoT and predictive analytics without major infrastructure changes. IIoT-based predictive maintenance solutions are expected to reduce factory equipment maintenance costs by 40%, according to Deloitte. Predictive maintenance can also reduce safety, health, environment and quality risks by 14% and extend the life of an aging asset by 20%, according to PwC. RedRaven is a services platform that takes a systems approach. Available with wireless or wired options based on applications, it includes sensors that are placed on industrial equipment and gateways that collect data from assets and then transmit it to the cloud with a secure, data-encrypted solution. Companies can access critical data on their equipment performance via Flowserve’s secure Insight Portal dashboard. A big differentiator in the marketplace is Flowserve’s dedicated remote monitoring facility, which is staffed by a team of technical specialists who don’t just identify problems, but also tell companies how to fix the issues and support them throughout their entire IoT journey. RedRaven works for any company with flow control equipment such as those in the oil and gas, water, chemical, power, food and beverage and mining industries, among many others. Key advantages of RedRaven include: Reduce expensive downtime and repairs with the ability to predict failures of critical assets before they happen and take preventive action; Identify and fix issues immediately with near-real-time monitoring from any location; Improve efficiency, productivity and worker safety with the ability to determine when and where technicians are needed and avoid unnecessary equipment checks; Gain real insights to make informed decisions that improve plant productivity and profitability; Run equipment at peak performance and reduce total cost of ownership. 
