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Flowserve

#2044

Rank

$7.63B

Marketcap

US United States

Country

Flowserve
Leadership team

Mr. Robert Scott Rowe (Pres, CEO & Director)

Ms. Amy B. Schwetz (Sr. VP & CFO)

Mr. Keith E. Gillespie (Sr. VP & Chief Sales Officer)

Products/ Services
Industrial Automation, Logistics
Number of Employees
1,000 - 20,000
Headquarters
Irving, Texas, United States
Established
1997
Company Registration
SEC CIK number: 0000030625
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FLS
Social Media
Overview
Location
Summary
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.
History

Flowserve heritage dates back to the 1790 founding of Simpson & Thompson by Thomas Simpson, later to become Worthington Simpson Pumps, one of the companies that became part of BW/IP. The company was created in 1997 with the merger of two fluid motion and control companies: BW/IP and Durco International.

Acquisitions include HydroTechnik Olomouc in 2006, Sealing Systems in 2007, Calder AG in 2009 and Valbart Srl in 2010. In October 2011 Flowserve acquired Lawrence Pumps Inc. In March 2013 acquired a manufacturing plant from L&T Valves situated in Maraimalainagar, Tamil Nadu. In 2015 Flowserve acquired SIHI.

Products

Flowserve comprises over 48 fluid motion and control products. They are in alphabetical order:

ACEC Centrifugal, Accord, Aldrich, Anchor Darling, Argus, Atomac, Automax, BW Seals, Byron Jackson, Cameron, Calder, DuraClear, Durametallic, Durco, Edward, Five Star Seals, Flowserve, Gestra, IDP, Interseal, Jeumont-Schneider, Kammer, Limitorque, Logix, McCANNA/MARPAC, NAF, NAVAL, Noble Alloy, Norbro, Nordstrom, PMV, Pac-Seal, Pacific, Pacific Wietz, Pleuger, Polyvalve, Schmidt Armaturen, Scienco, Serck Audco, Sier-Bath Rotary, TKL, United Centrifugal, Valtek, Valtek EMA, Vogt, Western Land Roller, Wilson-Snyder, Worcester Controls, Worthington

Acquisitions

Flowserve has grown through mergers and acquisitions.

Acquisitions under Flowserve Corporation

1997 - Merger of BW/IP and Durco International

1997 - Stork Engineered Pumps

2000 - Ingersoll-Dresser Pumps

2000 - Innovative Valve Technologies Inc.

2002 - Flow Control division of Invensys

2004 - Thompsons Kelly & Lewis

2005 - Interseal assets

2006 - HydroTechnik

2007 - MF Sealing Systems

2009 - Calder AG

2010 - Valbart Srl

2011 - Lawrence Pumps Inc.

2013 - Audco India Limited

2013 - Innomag Sealless Pumps

2015 - Sihi Group

Mission
Together, We Create Extraordinary Flow Control Solutions To Make The World Better For Everyone.
Vision
To be the acknowledged leader in flow control products and services through uncompromising integrity, innovation and service.
Key Team

Ms. Elizabeth L. Burger (Sr. VP & Chief HR Officer)

Ms. Tamara M. Morytko (Pres of the Flowserve Pumps Division)

Mr. John E. Roueche III (VP of Investor Relations & Treasurer)

Mr. Scott K. Vopni (VP & Chief Accounting Officer)

Ms. Susan Claire Hudson (Sr. VP, Chief Legal Officer & Corp. Sec.)

Ms. Tauseef Salma (VP of Marketing & Technology)

Mr. Lars E. Rosene (VP of Corp. Communications & Public Affairs)

Recognition and Awards
Flowserve won 8 awards in 2022. In 2022, Flowserve won for Best Company for Diversity 2022, Best Company for Women 2022, Best Company Culture 2022, Best Company Perks & Benefits, Best Company Compensation, Happiest Employees, Best Career Growth 2022 and Best CEOs for Women 2022. Based on 10,212 ratings and 364 participants, employees at Flowserve are very satisfied with their work experience. The overall culture score, 82/100 or A+, incorporates employee ratings based on their feedback on the Work Culture, Compensation, Diversity and more.
References
Flowserve
Leadership team

Mr. Robert Scott Rowe (Pres, CEO & Director)

Ms. Amy B. Schwetz (Sr. VP & CFO)

Mr. Keith E. Gillespie (Sr. VP & Chief Sales Officer)

Products/ Services
Industrial Automation, Logistics
Number of Employees
1,000 - 20,000
Headquarters
Irving, Texas, United States
Established
1997
Company Registration
SEC CIK number: 0000030625
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FLS
Social Media