Flowserve(FLS)

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FLS opens new mill liner manufacturing facility in Chile that operates with 100% renewable energy and water reuse
Globenewswire· 2025-04-14 12:50
Core Insights - FLS has inaugurated a new manufacturing facility for mill liners in Casablanca, Chile, aligning with its CORE'26 strategy and MissionZero sustainability goals [1][4] - The facility represents a significant investment of over DKK 160 million and spans 11,250 m², enhancing FLS's competitive position in the South American market [2] - The plant is designed to produce up to 6,500 tons of coatings annually and integrates various functions to improve efficiency and productivity [2] Sustainability and Community Impact - The LEED-certified facility reduces carbon emissions by up to 56% during manufacturing and recycles all water used in the process [3] - The new facility is expected to create up to 250 jobs in the Valparaíso region of Chile, positively impacting the local community [3] Strategic Commitment - The CEO of FLS emphasized that the new facility is a commitment to responsible mining and the communities in South America, beyond just manufacturing capabilities [4]
FLS advances sustainability through innovation with its new mill liner recycling service offering
Globenewswire· 2025-04-10 08:00
Core Viewpoint - FLSmidth has launched a new mill liner recycling service in Chile, emphasizing its commitment to sustainability and enhancing customer productivity, with plans for global expansion in the future [1][2]. Group 1: Sustainability Commitment - The new recycling service aligns with FLS's MissionZero sustainability program, supporting customers' productivity and sustainability goals [2]. - FLS provides CO2 emissions documentation for ESG reporting and helps optimize space on mine sites by eliminating the need for used liner storage [2]. Group 2: Recycling Technology - FLS has developed a portable, scalable, and modular recycling machine that can handle various liner types, shapes, and sizes, enhancing safety and efficiency [3]. - Recycling composite liners can lead to carbon emissions savings of up to 61% compared to producing new liners from virgin materials [3]. Group 3: Company Overview - FLSmidth is a full flowsheet technology and service supplier for the global mining and cement industries, aiming for zero emissions by 2030 through its MissionZero initiative [5].
Flowserve (FLS) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2025-04-04 14:46
Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to complement the Zacks Rank, helping investors identify stocks with the potential to outperform the market in the short term [2][9] - Stocks are rated on a scale from A to F based on value, growth, and momentum, with higher scores indicating a better chance of outperformance [3] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales [4] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings [5] - The Momentum Score helps investors capitalize on price trends by assessing recent price changes and earnings estimate revisions [6] Group 3 - The VGM Score combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and promising momentum [6] - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Group 4 - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with lower ranks, even with good Style Scores, may still face downward price pressure due to negative earnings outlooks [10] Group 5 - Flowserve Corporation, a leading manufacturer of flow control systems, is currently rated 3 (Hold) with a VGM Score of A and a Value Style Score of B, indicating attractive valuation metrics [11] - For fiscal 2025, Flowserve's earnings estimate has been revised upwards, with a consensus estimate of $3.20 per share and an average earnings surprise of 5.7% [12]
Long-Term Incentive Programme 2025
Globenewswire· 2025-04-03 12:24
Group 1 - The Board of Directors of FLSmidth & Co. A/S has allocated a total of 118,815 performance shares to 107 members of the Executive Management and key staff as part of the Long-Term Incentive Programme [1][2] - The vesting period for the allocated shares is three years, contingent upon the fulfillment of specific Key Performance Indicators (KPIs) [2] - The target cost of the performance share programme is DKK 44.6 million, with a maximum potential cost of DKK 66.8 million assuming full vesting [2] Group 2 - The applicable KPIs for the performance shares include Adjusted EBITA as a percentage of revenue, Service Order Intake, Total Shareholder Return, and a Sustainability KPI covering four dimensions [2] - FLSmidth aims to achieve zero emissions in mining and cement by 2030 as part of its sustainability ambition, MissionZero [4]
Summary of FLSmidth & Co. A/S’ Annual General Meeting
Globenewswire· 2025-04-02 18:38
Core Points - FLSmidth & Co. A/S held its Annual General Meeting on April 2, 2025, where key decisions regarding the company's operations and governance were made [1][2][3][4][5][6][7]. Group 1: Financial Approvals - The Annual Report for 2024 was approved by the General Meeting [2][6]. - A dividend of DKK 8 per share was adopted for distribution [2][4]. - The Remuneration Report for 2024 received approval through an advisory vote [2][6]. Group 2: Board of Directors - The General Meeting re-elected four existing members and elected three new members to the Board of Directors [3][6]. - Mr. Mads Nipper was elected as Chair and Mr. Christian Bruch as Vice Chair during the subsequent board meeting [7]. Group 3: Auditor and Governance - Ernst & Young was re-elected as the auditor for statutory financial and sustainability reporting [4][6]. - The Board of Directors' proposal to amend the articles of association to extend the authorization for share capital increase until April 2, 2030, was approved, allowing for a total aggregate issue of new shares of DKK 100,000,000 [4][6]. Group 4: Share Repurchase - The proposal to authorize the company to repurchase treasury shares until the next Annual General Meeting was approved [5][6].
Why Is Flowserve (FLS) Down 13% Since Last Earnings Report?
ZACKS· 2025-03-20 16:35
Core Viewpoint - Flowserve's shares have declined approximately 13% since the last earnings report, underperforming the S&P 500, raising questions about the potential for a breakout or continued negative trend leading up to the next earnings release [1] Estimates Movement - Estimates for Flowserve have trended downward over the past month, with a consensus estimate shift of -9.39% [2] VGM Scores - Flowserve currently holds a Growth Score of A, but has a low Momentum Score of F. The stock has a value grade of B, placing it in the second quintile for this investment strategy. The overall aggregate VGM Score for the stock is B, which is relevant for investors not focused on a single strategy [3] Outlook - The downward trend in estimates indicates a broader negative shift, with Flowserve holding a Zacks Rank of 3 (Hold). An in-line return from the stock is expected in the coming months [4]
Flowserve Unveils Sealless Pump With True Secondary Containment
ZACKS· 2025-03-14 14:12
Flowserve Corporation (FLS) recently unveiled the world’s first sealless pump INNOMAG TB-MAG Dual Drive, thereby expanding its pump portfolio. The pump is designed to help businesses safely handle hazardous chemicals without the risk of leaks.Inside FLS’ HeadlinesIt is important for the chemical plants that process toxic liquids like hydrofluoric acid and acrylonitrile to take precautionary measures to avoid adversities. Previously Canned Motor Pumps (CMPs) were used to avoid such catastrophic incidents but ...
FLSmidth & Co. A/S: Trading in FLSmidth shares by board members, executives and associated persons
Globenewswire· 2025-03-11 12:49
Core Viewpoint - The announcement discloses transactions made by FLSmidth's board members and executives in accordance with market abuse regulations [1][2]. Group 1: Company Transactions - FLSmidth's board members and executives have reported their share transactions to the company, granting power of attorney for publication [2]. - The company has provided attached statements detailing the trading activities of its board members and executives [2][4]. Group 2: Company Overview - FLSmidth is a technology and service supplier for the global mining and cement industries, focusing on performance improvement, cost reduction, and environmental impact [3]. - The company's sustainability initiative, MissionZero, aims for zero emissions in mining and cement by 2030, with a commitment to carbon neutrality in its operations by the same year [3].
NOTICE TO CONVENE the Annual General Meeting of FLSmidth & Co. A/S
Globenewswire· 2025-03-03 09:45
COMPANY ANNOUNCEMENT NO. 2-2025 3 March 2025, Copenhagen, Denmark The Board of Directors hereby convenes the Annual General Meeting to be held on Wednesday 2 April 2025 at 4 pm (CEST) at the offices of the company, Vigerslev Allé 77, DK-2500 Valby. Agenda: 1. The Board of Directors' report on the company’s activities in 2024 2. Presentation and approval of the 2024 Annual Report 3. Approval of the Board of Directors’ fees: a. Final approval of fees for 2024. The Board of Directors proposes unchanged appr ...
Flowserve(FLS) - 2024 Q4 - Annual Report
2025-02-26 21:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________TO________ . Commission file number 1-13179 FLOWSERVE CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...