Flowserve Management

Management criteria checks 2/4

Flowserve's CEO is Robert Rowe, appointed in Apr 2017, has a tenure of 7.58 years. total yearly compensation is $10.58M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth $21.32M. The average tenure of the management team and the board of directors is 4.8 years and 6.1 years respectively.

Key information

Robert Rowe

Chief executive officer

US$10.6m

Total compensation

CEO salary percentage	11.3%
CEO tenure	7.6yrs
CEO ownership	0.3%
Management average tenure	4.8yrs
Board average tenure	6.1yrs

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
Sep 30 2024	n/a	n/a	US$268m
Jun 30 2024	n/a	n/a	US$256m
Mar 31 2024	n/a	n/a	US$234m
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 ($USD10.58M) is above average for companies of similar size in the UK market ($USD3.23M).

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

CEO

Robert Rowe (53 yo)

7.6yrs

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	7.6yrs	US$10.58m	0.27% $ 21.3m
Amy Schwetz	Senior VP & CFO	4.8yrs	US$3.93m	0.054% $ 4.3m
Susan Hudson	Senior VP	2.5yrs	US$1.72m	0.0070% $ 561.8k
Kirk Wilson	President of Flow Control Division	9.2yrs	US$1.83m	0.036% $ 2.9m
Lamar Duhon	President of Flowserve Pumps Division	2.8yrs	US$2.10m	0.0046% $ 364.6k
Juan Carrera	Vice President of Operational Excellence	no data	no data	no data
Scott Vopni	VP & Chief Accounting Officer	4.4yrs	no data	0.0080% $ 639.5k
Karthik Sivaraman	Vice President of Technology and Innovation	2.1yrs	no data	no data
Doug Short	VP & Chief Information Officer	7.4yrs	no data	no data
John Roueche	VP of Investor Relations & Treasurer	12.1yrs	US$1.02m	no data
Brian Boukalik	Senior VP & Chief Human Resources Officer	no data	no data	no data

4.8yrs

Average Tenure

53yo

Average Age

Experienced Management: 0IQE's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Rowe	President	7.6yrs	US$10.58m	0.27% $ 21.3m
John Garrison	Independent Director	6.1yrs	US$264.98k	no data
Gayla Delly	Independent Director	16.8yrs	US$259.98k	0.015% $ 1.2m
David Roberts	Independent Non-Executive Chairman of the Board	13yrs	US$374.98k	0.037% $ 2.9m
Ruby Chandy	Independent Director	7.5yrs	US$257.11k	0.0020% $ 157.1k
Sujeet Chand	Independent Director	4.9yrs	US$249.98k	0.00076% $ 60.9k
Carlyn Taylor	Independent Director	4.3yrs	US$264.98k	no data
Kenneth Siegel	Independent Director	2.3yrs	US$264.98k	0.0025% $ 197.1k
Michael McMurray	Independent Director	6.1yrs	US$263.99k	0.0058% $ 467.2k
Cheryl Johnson	Independent Director	less than a year	US$69.02k	0.0012% $ 99.4k
Thomas Okray	Independent Director	1.6yrs	US$233.77k	0.0058% $ 467.2k

6.1yrs

Average Tenure

63yo

Average Age

Experienced Board: 0IQE's board of directors are considered experienced (6.1 years average tenure).

Flowserve Management

Management criteria checks 2/4

Key information

Recent management updates

President recently sold US$5.0m worth of stock

Flowserve Corporation, Annual General Meeting, May 16, 2024

President of Flow Control Division recently sold US$842k worth of stock

Flowserve Corporation Announces Executive Changes

Flowserve Corporation Announces Board Changes, Effective December 8, 2023

Flowserve Corporation Announces Management Changes

Recent updates

Third quarter 2024 earnings released: EPS: US$0.44 (vs US$0.35 in 3Q 2023)

Flowserve Corporation Reaffirms Earnings Guidance for the Year 2024

Flowserve Corporation to Report Q3, 2024 Results on Oct 28, 2024

Flowserve Corporation (NYSE:FLS) acquired Mogas Industries, Inc. from MOGAS family.

Flowserve Corporation (NYSE:FLS) acquired Mogas Industries, Inc. from MOGAS family.

Upcoming dividend of US$0.21 per share

Second quarter dividend of US$0.21 announced

Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 11, 2024

Flowserve Corporation (NYSE:FLS) has signed a definitive agreement to acquire Mogas Industries, Inc. from Mogas family for approximately $310 million.

New minor risk - Earnings quality

Flowserve Corporation Reaffirms Earnings Guidance for the Year 2024

Second quarter 2024 earnings released: EPS: US$0.55 (vs US$0.39 in 2Q 2023)

Flowserve Corporation to Report Q2, 2024 Results on Jul 29, 2024

Now 20% undervalued

First quarter dividend of US$0.21 announced

President recently sold US$5.0m worth of stock

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

Flowserve Corporation Reaffirms Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$0.56 (vs US$0.20 in 1Q 2023)

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 US$842k worth of stock

Fourth quarter dividend increased to US$0.21

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

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

Now 22% undervalued

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