Flowserve Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Robert Rowe

Chief executive officer

US$10.6m

Total compensation

CEO salary percentage	11.3%
CEO tenure	7yrs
CEO ownership	0.4%
Management average tenure	5.5yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Robert Rowe's remuneration changed compared to Flowserve's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$11m	US$1m	US$187m
Sep 30 2023	n/a	n/a	US$245m
Jun 30 2023	n/a	n/a	US$238m
Mar 31 2023	n/a	n/a	US$231m
Dec 31 2022	US$9m	US$1m	US$189m
Sep 30 2022	n/a	n/a	US$84m
Jun 30 2022	n/a	n/a	US$95m
Mar 31 2022	n/a	n/a	US$96m
Dec 31 2021	US$12m	US$1m	US$126m
Sep 30 2021	n/a	n/a	US$165m
Jun 30 2021	n/a	n/a	US$172m
Mar 31 2021	n/a	n/a	US$132m
Dec 31 2020	US$8m	US$1m	US$130m
Sep 30 2020	n/a	n/a	US$147m
Jun 30 2020	n/a	n/a	US$151m
Mar 31 2020	n/a	n/a	US$194m
Dec 31 2019	US$9m	US$1m	US$239m
Sep 30 2019	n/a	n/a	US$229m
Jun 30 2019	n/a	n/a	US$198m
Mar 31 2019	n/a	n/a	US$162m
Dec 31 2018	US$9m	US$1m	US$105m
Sep 30 2018	n/a	n/a	-US$49m
Jun 30 2018	n/a	n/a	-US$30m
Mar 31 2018	n/a	n/a	-US$1m
Dec 31 2017	US$9m	US$825k	US$3m

Compensation vs Market: Robert's total compensation ($USD10.58M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Robert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Robert Rowe (52 yo)

7yrs

Tenure

US$10,583,486

Compensation

Mr. Robert Scott Rowe is Independent Director of Quanta Services, Inc. from July 2022. Mr. Rowe has been Chief Executive Officer and President of Flowserve Corporation since April 1, 2017. Mr. Rowe served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Rowe	President	7yrs	US$10.58m	0.43% $ 24.6m
Amy Schwetz	Senior VP & CFO	4.2yrs	US$3.93m	0.054% $ 3.1m
Susan Hudson	Senior VP	1.9yrs	US$1.72m	0.0066% $ 380.4k
Kirk Wilson	President of Flow Control Division	8.6yrs	US$1.83m	0.036% $ 2.0m
Lamar Duhon	President of Flowserve Pumps Division	2.3yrs	US$2.10m	0.0045% $ 260.9k
Scott Vopni	VP & Chief Accounting Officer	3.8yrs	no data	0.0080% $ 457.4k
Doug Short	VP & Chief Information Officer	6.8yrs	no data	no data
John Roueche	VP of Investor Relations & Treasurer	11.5yrs	US$1.02m	no data

5.5yrs

Average Tenure

52yo

Average Age

Experienced Management: FWV's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Rowe	President	7yrs	US$10.58m	0.43% $ 24.6m
John Garrison	Independent Director	5.5yrs	US$264.98k	0% $ 0
Gayla Delly	Independent Director	16.3yrs	US$259.98k	0.014% $ 802.1k
David Roberts	Independent Non-Executive Chairman of the Board	12.4yrs	US$375.00k	0.036% $ 2.1m
Ruby Chandy	Independent Director	6.9yrs	US$257.11k	0.0019% $ 112.0k
Sujeet Chand	Independent Director	4.3yrs	US$249.98k	0.00076% $ 43.7k
Carlyn Taylor	Independent Director	3.7yrs	US$264.98k	0% $ 0
Kenneth Siegel	Independent Director	1.7yrs	US$150.00k	0.0024% $ 140.8k
Michael McMurray	Independent Director	5.5yrs	US$270.00k	0.0034% $ 194.2k
Cheryl Johnson	Independent Director	less than a year	US$69.02k	0.0012% $ 70.7k
Thomas Okray	Independent Director	less than a year	no data	0.0034% $ 194.2k

5.5yrs

Average Tenure

62yo

Average Age

Experienced Board: FWV's board of directors are considered experienced (5.5 years average tenure).

Flowserve Management

Management criteria checks 2/4

Key information

Recent management updates

Flowserve Corporation, Annual General Meeting, May 16, 2024

President of Flow Control Division recently sold €777k worth of stock

Flowserve Corporation Announces Executive Changes

Flowserve Corporation Announces Board Changes, Effective December 8, 2023

Flowserve Corporation Announces Management Changes

Flowserve Corp. Elects Ken Siegel as an Independent Director and a Member of the Audit Committee and Finance and Risk Committee of the Board

Recent updates

Flowserve Corporation to Report Q1, 2024 Results on Apr 29, 2024

Flowserve Corporation, Annual General Meeting, May 16, 2024

Upcoming dividend of US$0.21 per share

President of Flow Control Division recently sold €777k worth of stock

Fourth quarter dividend of US$0.21 announced

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$1.42 (vs US$1.44 in FY 2022)

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on April 12, 2024

Flowserve Corporation Announces Executive Changes

Flowserve Corporation to Report Q4, 2023 Results on Feb 20, 2024

Upcoming dividend of US$0.20 per share at 2.0% yield

Now 22% undervalued after recent price drop

Andritz AG (WBAG:ANDR) signed an agreement to acquire NAF AB from Flowserve Corporation (NYSE:FLS).

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$0.35 (vs US$0.29 in 3Q 2022)

Flowserve Corporation Revises Earnings Guidance for the Full Year 2023

Flowserve Corporation to Report Q3, 2023 Results on Oct 25, 2023

Flowserve Announces French Regulatory Rejection of Velan Transaction

Flowserve Corporation Announces Board Changes, Effective December 8, 2023

Upcoming dividend of US$0.20 per share at 2.1% yield

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 6, 2023

New minor risk - Earnings quality

Flowserve Corporation Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.39 (vs US$0.34 in 2Q 2022)

Upcoming dividend of US$0.20 per share at 2.2% yield

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on July 7, 2023

First quarter 2023 earnings released: EPS: US$0.20 (vs US$0.12 loss in 1Q 2022)

Upcoming dividend of US$0.20 per share at 2.6% yield

Full year 2022 earnings released: EPS: US$1.44 (vs US$0.97 in FY 2021)

Flowserve Corporation Announces Management Changes

Flowserve Corporation to Report Q4, 2022 Results on Feb 21, 2023

Upcoming dividend of US$0.20 per share

Flowserve Corporation Announces Quarterly Cash Dividend on Common Stock, Payable on January 13, 2023

Third quarter 2022 earnings released: EPS: US$0.29 (vs US$0.38 in 3Q 2021)

Flowserve Corporation to Report Q3, 2022 Results on Oct 31, 2022

Flowserve Corporation Announces Release of New Flowserve FLEX™ Isobaric Energy Recovery Device

Upcoming dividend of US$0.20 per share

Flowserve Corp. Elects Ken Siegel as an Independent Director and a Member of the Audit Committee and Finance and Risk Committee of the Board

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 14, 2022

Flowserve Corporation Appoints Ken Siegel as an Independent Director and a Member of the Audit Committee and Finance and Risk Committee of the Board

Second quarter 2022 earnings released: EPS: US$0.34 (vs US$0.35 in 2Q 2021)

Flowserve Corporation Reaffirms Earnings Guidance for the Year 2022

Flowserve Corporation to Report Q2, 2022 Results on Jul 27, 2022

Upcoming dividend of US$0.20 per share

Flowserve Announces Quarterly Cash Dividend, Payable on July 8, 2022

Flowserve Corporation Revises Earnings Guidance for the Year 2022

First quarter 2022 earnings released: US$0.12 loss per share (vs US$0.11 profit in 1Q 2021)

Flowserve Corporation to Report Q1, 2022 Results on May 02, 2022

Flowserve Corporation, Annual General Meeting, May 12, 2022

Upcoming dividend of US$0.20 per share

Flowserve Corporation Provides Earnings Guidance for the Year 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Flowserve Announces Quarterly Cash Dividend, Payable on April 8, 2022

Flowserve Corporation to Report Q4, 2021 Results on Feb 24, 2022

Upcoming dividend of US$0.20 per share

Third quarter 2021 earnings released: EPS US$0.38 (vs US$0.39 in 3Q 2020)

Upcoming dividend of US$0.20 per share

Second quarter 2021 earnings released: EPS US$0.35 (vs US$0.066 in 2Q 2020)

Flowserve Corporation Raises Earnings Guidance for the Full Year of 2021

Upcoming dividend of US$0.20 per share

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on July 9, 2021

Flowserve Corporation Raises Earnings Guidance for the Full Year of 2021

Upcoming Dividend of US$0.20 Per Share

President of Flow Control Division recently sold €352k worth of stock

Flowserve Corporation Supports Pfizer in the Production of Covid-19 Vaccine

Full year 2020 earnings released: EPS US$0.89 (vs US$1.82 in FY 2019)

Revenue beats expectations

New 90-day high: €31.80

Flowserve Corporation to Report Q4, 2020 Results on Feb 18, 2021