Flowserve Corporation (FLS): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how Flowserve Corporation, a key player in the flow control industry, operates and generates revenue? With a strong foothold in global infrastructure markets, Flowserve reported a 5.5% year-over-year increase in net revenues, reaching $4.56 billion in 2024, but how did they get here? Join us as we delve into Flowserve's history, explore its ownership structure, understand its mission, and dissect its revenue streams to uncover the elements that drive its success.

Flowserve Corporation (FLS) History

Flowserve Corporation Founding Timeline

Year established

Flowserve was officially established in 1997.

Original location

The company is headquartered in Irving, Texas.

Founding team members

Flowserve was formed through the merger of two established companies: BW/IP International, Inc. (formerly Borg-Warner Industrial Products) and Durco International.

Initial capital/funding

Specific details regarding the initial capital or funding at the time of the merger in 1997 are not readily available in the provided search results. However, both BW/IP International and Durco International were already established entities with their own financial structures prior to the merger.

Flowserve Corporation Evolution Milestones

Flowserve Corporation Transformative Moments

• The Merger in 1997: The creation of Flowserve Corporation through the merger of BW/IP International and Durco International marked a transformative moment, establishing a significant presence in the flow control industry. This strategic move combined the strengths and resources of two established companies, setting the stage for future growth and expansion.
• Strategic Acquisitions: Throughout the 2000s and beyond, Flowserve executed numerous strategic acquisitions to broaden its product offerings and expand its global footprint. These acquisitions allowed Flowserve to enter new markets, enhance its technological capabilities, and strengthen its competitive position.
• Focus on Digital Transformation: Recognizing the importance of digital technologies, Flowserve has invested in digital transformation initiatives to improve various aspects of its business. These efforts aim to enhance product performance, customer service, and operational efficiency, positioning Flowserve for continued success in the digital age.
• SIHI Group Acquisition: The acquisition of SIHI Group in 2017 significantly bolstered Flowserve's presence in key industries such as chemical, pharmaceutical, and food & beverage. This strategic move expanded Flowserve's product portfolio and market reach, contributing to its overall growth and diversification.

To gain more insights into Flowserve and its investors, check out this detailed profile: Exploring Flowserve Corporation (FLS) Investor Profile: Who’s Buying and Why?

Flowserve Corporation (FLS) Ownership Structure

Flowserve Corporation operates as a publicly traded entity, with its ownership distributed among a mix of institutional investors, retail investors, and company insiders. This structure ensures that no single entity has absolute control, promoting a balance of power in corporate governance.

Flowserve Corporation's Current Status

Flowserve Corporation is a publicly traded company, meaning its shares are available for purchase on a stock exchange. This allows a wide range of investors to own a part of the company. As a publicly-traded entity, Flowserve is subject to regulatory requirements and provides regular financial disclosures, ensuring transparency for its shareholders. You can learn more about the company's goals at: Mission Statement, Vision, & Core Values of Flowserve Corporation (FLS).

Flowserve Corporation's Ownership Breakdown

The ownership of Flowserve Corporation is distributed among various shareholders, including institutional investors, mutual fund holders, and individual investors. The following table provides a snapshot of the ownership breakdown:

Flowserve Corporation's Leadership

Flowserve's direction is guided by a team of experienced executives and a board of directors. Here are some key members of the leadership team:

• Scott Rowe: President and Chief Executive Officer
• Amy L. Schwetz: Senior Vice President and Chief Financial Officer
• Tamara Morytko: Senior Vice President, General Counsel, and Secretary

The Board of Directors includes individuals with diverse backgrounds and expertise, ensuring comprehensive oversight of the company's strategy and performance. As of April 2025, the specific members of the board are regularly updated on the company's website.

Flowserve Corporation (FLS) Mission and Values

Flowserve strives to deliver superior products and services while operating responsibly and sustainably. The company's core values emphasize integrity, safety, and customer satisfaction.

Flowserve's Core Purpose

Official mission statement

Flowserve's mission statement is: 'To make the world better for everyone by creating extraordinary flow control solutions to meet the world's toughest challenges.'

• Providing flow control solutions.
• Addressing global challenges.
• Improving the world.

Vision statement

While a specific, distinct vision statement is not explicitly declared, Flowserve's focus is on being a leading provider of flow control solutions for the world's toughest challenges, which implies a vision of global leadership and impact in their industry.

• To be a leading provider of flow control solutions.
• Focus on solving the world's toughest challenges.
• Global leadership in the flow control industry.

Company slogan/tagline

Flowserve's tagline is 'Solutions Beyond Products.' This emphasizes their commitment to providing comprehensive solutions, not just individual products, to meet customer needs.

• Focus on providing comprehensive solutions.
• Commitment to meeting customer needs.
• Offering more than just products.

To delve deeper into the financial aspects and investor profile of Flowserve, consider exploring this resource: Exploring Flowserve Corporation (FLS) Investor Profile: Who’s Buying and Why?

Flowserve Corporation (FLS) How It Works

Flowserve Corporation is a global provider of industrial flow management services, manufacturing and selling pumps, seals, valves, and automation equipment, as well as providing related aftermarket parts and services. The company serves industries such as oil and gas, power, chemical, and water management.

Flowserve's Product/Service Portfolio

Flowserve's Operational Framework

Flowserve operates through two segments: the Pump Division and the Flow Control Division. These divisions are supported by a global manufacturing and service network.

• Engineering and Manufacturing: Flowserve designs and manufactures its products in facilities around the world, focusing on precision engineering and materials science to meet stringent industry standards.
• Sales and Distribution: The company utilizes a direct sales force and a network of distributors to reach customers globally, providing technical support and application expertise.
• Project Management: Flowserve manages large-scale projects, offering integrated solutions that include engineering, procurement, and construction management services.
• Service and Support: A comprehensive aftermarket service program ensures the long-term reliability and performance of Flowserve equipment, including repair, maintenance, and training services.

To delve deeper into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Flowserve Corporation (FLS).

Flowserve's Strategic Advantages

• Global Presence: With operations in over 50 countries, Flowserve has a broad geographic reach, allowing it to serve customers in diverse markets and industries.
• Extensive Product Portfolio: Flowserve offers a comprehensive range of flow control products and services, providing customers with integrated solutions for their fluid handling needs.
• Engineering Expertise: The company's strong engineering capabilities enable it to develop innovative products and solutions that meet the evolving needs of its customers.
• Aftermarket Services: Flowserve's aftermarket services business provides a recurring revenue stream and strengthens customer relationships by ensuring the long-term performance of its equipment.
• Strong Brand Reputation: With over 200 years of experience, Flowserve has established a reputation for quality, reliability, and performance, making it a trusted partner for customers around the world.

Flowserve Corporation (FLS) How It Makes Money

Flowserve Corporation generates revenue by manufacturing and servicing flow control systems. These systems are integral to managing and controlling the movement of fluids in various industries.

Flowserve Corporation's Revenue Breakdown

Flowserve's revenue is divided into three main segments: Engineered Product Division (EPD), Flow Control Division (FCD), and Aftermarket Parts and Services. Each division contributes uniquely to the company's overall financial performance.

Flowserve Corporation's Business Economics

Flowserve's business economics are influenced by several key factors. These include the pricing strategies for their products, the economic fundamentals of the industries they serve, and their operational efficiency.

• Pricing Strategies: Flowserve employs a value-based pricing strategy, reflecting the high engineering content and critical performance requirements of their products.
• Economic Fundamentals: The demand for Flowserve's products is closely tied to the capital spending cycles in the oil and gas, chemical, and water management industries.
• Operational Efficiency: Efficiency in manufacturing and supply chain management significantly impacts profitability.

Flowserve Corporation's Financial Performance

Flowserve's financial performance can be assessed through key metrics that reflect its operational efficiency, profitability, and overall financial health. Some key points include:

• Revenue Growth: In the fiscal year 2024, Flowserve reported a revenue of $4.47 billion, which represents an increase of 11.3% compared to the previous year.
• Net Earnings: The company's net earnings for 2024 were $205.4 million, a strong indicator of overall profitability.
• Earnings Per Share (EPS): Flowserve's EPS for 2024 stood at $1.59.
• Order Backlog: As of the end of 2024, Flowserve's order backlog was approximately $3.1 billion, providing visibility into future revenue.

For further insights into Flowserve's investor profile, you might find this link helpful: Exploring Flowserve Corporation (FLS) Investor Profile: Who’s Buying and Why?

Flowserve Corporation (FLS) Market Position & Future Outlook

Flowserve is strategically positioned to capitalize on the increasing demand for flow control solutions across various industries, with a focus on enhancing operational efficiency and sustainability for its clients. The company's future outlook appears stable, underpinned by its diversified portfolio and strategic focus on key growth areas. For more in-depth insights into the financial health of the company, see this analysis: Breaking Down Flowserve Corporation (FLS) Financial Health: Key Insights for Investors

Competitive Landscape

Opportunities & Challenges

Industry Position

Flowserve holds a significant position in the flow control industry, characterized by:

• A global presence with operations in over 50 countries.
• A comprehensive product and service portfolio, including pumps, valves, seals, and automation solutions.
• A strong focus on innovation and technology, investing in R&D to develop advanced flow control solutions.
• A commitment to sustainability, offering products and services that help customers reduce their environmental impact.

Flowserve's strategic initiatives are centered around:

• Expanding its presence in key growth markets through strategic partnerships and acquisitions.
• Enhancing its digital capabilities to provide customers with advanced monitoring and control solutions.
• Investing in aftermarket services to generate recurring revenue and build customer loyalty.