Flowserve Corp.

Flowserve Corp.

Flowserve Corp.

Overview
Date Founded

1997

Headquarters

5215 North O'Connor Boulevard,Suite 2300,Irving, TX 75039

Type of Company

Public

Employees (Worldwide)

18K

Industries

Electrical Products
Wholesale: Industrial Products & Manufacturing
Other Business & Consulting Services
Metal Manufacturing & Products
Industrial Machinery & Manufacturing
Computer Software

Company Description

Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Senior Vice President

Chief Legal Officer, Senior Vice President, General Counsel & Secretary

Vice President, Chief Ethics & Compliance Officer

Senior Vice President & Chief Human Resources Officer

Senior Vice President & Chief Sales Officer

President, Flow Control Division

President, Industrial Products Division

Director, Investor Relations

Vice President-Investor Relations & Treasurer

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Board of Directors

Former Chief Executive Officer at Standex International Corp.

President & Chief Executive Officer at Flowserve Corp.

Former Director, President & Chief Executive Officer at Obsidian Energy Ltd.

Chief Executive Officer at Secure Communication Systems, Inc.

Former Corporate Controller & Chief Accounting Officer at Cummins, Inc.

Owner at Darner Asset Management AB

Former Chief Marketing Officer at Dow Chemical Company

Finance Committee Chairman at Flowserve Corp.

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Owners & Shareholders
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EdgePoint Investment Group 's seeks to buy “growth” companies at “value” prices. seeks to buy growth companies at a value price. The firm makes long-term investments viewing stock as an ownership interest in a company and seeking to acquire these ownership stakes at prices below their assessment of their true worth. EdgePoint focuses on companies with strong competitive positions, defendable barriers to entry and long-term growth prospects that are run by competent management teams. These holdings generally reflect their views looking out more than five years. For fixed income investments, EdgePoint looks for securities that provide an attractive return through coupon payments and/or capital appreciation while focusing on the borrower's (or bond issuer's) ability to met its debt obligations through the payment of periodic coupons and the return of the original principal at maturity. The firm can invest in all forms of corporate debt including senior secured bonds, subordinated debentures and convertibles. Sovereign governments, provincials and asset-backed securities are also available to them if the opportunity arises.

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First Eagle Investment Management (FEIM) s a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. The firm focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. First Eagle employs bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value & International Value; High Yield; US Opportunities, Multi-Asset Absolute Return; International Small Cap Value; World Opportunities; and Tail Hedge.

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Invesco Canada operates under three distinct yet complementary product brands: Trimark, Invesco and PowerShares. Invesco Canada's fundamental equity strategies are managed by the Trimark Equity team. The strategies primarily involve long term purchases; however, they may also use short term purchases and trading, as well as option writing (including covered options, uncovered options and/or spreading strategies). Investments may include equity securities, exchange-listed securities, securities traded OTC, foreign issuers, corporate debt securities, CDs, municipal securities, US government securities, options contracts on securities and partnership interests, including LP units. The Trimark equity team employs a bottom-up fundamental approach to invest in high quality businesses believed to be undervalued based on an assessment of the businesses long-term growth prospects. They do not attempt to follow the market or mimic any benchmark index. Each account is a concentrated portfolio of diversified investments ideas selected to deliver the best long-term returns. Country and geographic allocations are strictly by-products of stock selection.The Trimark fixed-income team considers both the macroeconomic outlook and issuer-specific fundamentals. They emphasize relative value and rigorous credit analysis, along with consideration of interest rate anticipation and yield curve positioning. The team focuses on corporate bond holdings where they can create a yield advantage over government bonds. They also seek to capitalize on opportunities for spread movement based on credit upgrades or improvements, as well as mispricing of high-yield corporate bonds. Portfolio risk is managed through diversification by issuer, sector and maturity.Invesco Intactive is a suite of all-in-one solutions that combine Invesco’s broad global investment capabilities. Invesco's ETFs are sub-advised by the Invesco PowerShares team, a leader in the replication of enhanced indexes and in actively managed ETFs. The PowerShares Advantage products may be accessed through PowerShares' TSX-listed ETFs and the PowerShares Funds.

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Recent Transactions
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OMB Valves SpA purchases Vogt Valves from Flowserve Corp.

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Spirax-Sarco Engineering Plc purchases Gestra AG from Flowserve Corp.

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Flowserve Corp. purchases Sterling SIHI (Netherlands) BV from TBG Europe NV

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Insider Transactions
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Transaction Advisors
Accountant

Advised onFlowserve Corp. purchases Ingersoll Dresser Pumps Business from Ingersoll-Rand Plc

Accountant

Advised onFlowserve Corp. purchases Invensys Plc /Flow Control Division from Invensys Ltd.

Legal Advisor

Advised onFlowserve Corp. purchases Invensys Plc /Flow Control Division from Invensys Ltd.

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Associate

Advised onFlowserve Corp. purchases Innovative Mag-Drive LLC

Legal Advisor

Advised onSpirax-Sarco Engineering Plc purchases Gestra AG from Flowserve Corp.

Associate

Advised onSpirax-Sarco Engineering Plc purchases Gestra AG from Flowserve Corp.

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Advisors & Consultants
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Legal Advisor

Partner at Cravath, Swaine & Moore, LLP

Legal Advisor

Co-Chair, Capital Markets & Securities Practice Group at Haynes and Boone LLP

Legal Advisor

Partner at Haynes and Boone LLP

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Clients

Headquartered in Cayce, SC, SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations and other energy-related businesses. SCANA’s subsidiaries serve electric customers in South Carolina and natural gas customers in South Carolina, North Carolina and Georgia. SCANA has nine significant direct, wholly-owned subsidiaries. Our electric service area extends into 24 counties throughout South Carolina. We own liquefied natural gas liquefaction and storage facilities and transport natural gas to residential, commercial and industrial customers. We provide natural gas services to more than one million customers in South Carolina, North Carolina and Georgia. We also own and operate a 500-mile fiber optic telecommunications network and data center facilities, provide Ethernet services, and engage in tower site construction management and rental services. We provide homeowners with service contracts on their home appliances and heating and air conditioning units

MRC Global is the largest global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry based on sales, and we hold the leading position in our industry across each of the upstream (exploration, production and extraction of underground oil and natural gas), midstream (gathering and transmission of oil and natural gas, natural gas utilities and the storage and distribution of oil and natural gas) and downstream (petrochemical processing, crude oil refining and general industrials) sectors. We offer more than 150,000 stock keeping units, including an extensive array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. Through our North American and International segments we serve our more than 12,000 active customers through over 410 service locations throughout North America, Europe, Asia and Australia.

Veolia Environnement SA engages in the management of water supplies and distribution systems and provides waste management services. It operates through the following business segments: Water, Environmental Services and Energy Services. The Water segment integrates drinking water and waste water activities such as water distribution, water and waste water treatment, industrial process water, and manufacture of water treatment equipment and systems. The Environmental Services segment collects, processes, and disposes household, trade, and industrial waste. The Energy Services segment includes heat production and distribution, energy optimization and related services, and electricity production. The company was founded in April 1999 and is headquartered in Nantes, France.

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Key Stats and Financials As of 2016
Market Capitalization
$5.33B
Total Enterprise Value
$7.52B
Earnings Per Share
$1.01
Revenue
$3.99B
Total Debt
$1.57B
Debt TEV
0.21x
Net Profit
$132M
EBITDA
$542M
EBITDAMargin
13.57%
Total Equity
$1.64B
Enterprise Value Sales
1.88x
Enterprise Value EBITDAOperating
13.88x
TEVNet Income
56.75x
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Political Donations
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Political Donations Received
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Suppliers
Lakshmi Machine Works Ltd. Industrial Machinery & Manufacturing | Coimbatore, TN

Lakshmi Machine Works Ltd. engages in the manufacture and sale of textile spinning machinery. It operates through the following business divisions: Textile Machinery, Machine Tool & Foundry, and Advance Technology Centre. The Textile Machinery division provides textile spinning machinery. The Machine Tool & Foundry division refers to production of machine tools, accessories, attachments, subsystems and parts, as well a the sale of ductile iron and grey iron castings. The Advance Technology Centre division specializes in the manufacture and supply of high precision parts and components required for the aerospace industry. The company was founded on September 14, 1962 and is headquartered in Coimbatore, India.

Anhui Yingliu Group Metal Manufacturing & Products | Hefei, AN

Anhui Yingliu Electromechanical Co., Ltd. engages in the research and development, manufacture, and sale of steel casted and machined components for industrial applications. Its products are used in petroleum and natural gas; electric power generation; mining machinery devices; construction machinery equipment; chemical, refrigeration, and environment flow-control equipment; medical equipment;, and railroad, ship, and other transport equipment industry. The company was founded on August 4, 2000 is headquartered in Hefei, China.

Appian Corp. Industrial Machinery & Manufacturing | Reston, VA

Appian Corp. provides business process management (BPM) solutions. Its BPM tools automates and measures business processes. The firm's products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, VA.

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Competitors
ITT, Inc. Industrial Machinery & Manufacturing - Indianapolis, IN

ITT, Inc. engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: industrial process, motion technologies, interconnect solutions, and control technologies. The industrial process segment manufactures engineered fluid process equipment in areas such as chemical, oil and gas,, mining, and other industrial process markets as well as providing of plant optimization and efficiency solutions and aftermarket services and parts. The motion technologies segment manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation. The interconnect solutions segment if the provisions of connector solutions that make it possible to transfer signal and power between electronic devices in the field of aerospace and defense, industrial and transportation, oil and gas and medical markets. The control technologies segment manufactures specialized equipment including actuation, fuel management, noise and energy absorption, and environmental control system components, for the aerospace, and defense, and industrial markets. The company was founded in 1920 and is headquartered in White Plains, NY.

Emerson Electric Co. Industrial Machinery & Manufacturing - St Louis, MO

Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves and equipment; process control systems, and tools and appliance solutions for customers in a range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, Climate Technologies, and Tools and Home Products. The Automation Solutions segment offers products; software and technology; and engineering, project management, consulting services and integrated manufacturing solutions for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs, manufacturing operations, and plants that process or treat various items. The The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Tools and Home Products segment sells tools for professionals and homeowners; and appliance solutions. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.

General Electric Company Power & Utilities - CINCINNATI, OH

General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through eight segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.

Awards & Honors
Rank #539
2016
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