Flowserve's Corporate Customers have recorded an increase in their cost of revenue by 10.96 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 9.51 %. During the corresponding time, Flowserve Corp saw a revenue deteriorated by -1.55 % year on year, sequentially revenue grew by 9.49 %. While revenue at the Flowserve Corp's corporate clients recorded rose by 12.56 % year on year, sequentially revenue grew by 8.65 %.
Flowserve's Customers have recorded an increase in their cost of revenue by 10.96 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 9.51 %, for the same period Flowserve Corp revnue deteriorated by -1.55 % year on year, sequentially revenue grew by 9.49 %.
Flowserve's Comment on Sales, Marketing and Customers
We sell to a wide variety of customers globally including leading EPC firms,
original equipment manufacturers, distributors and end users in several distinct
industries: oil and gas, chemical, power generation, water management and general
industries. We do not believe that we have sales to any individual customer
that represent 10% or more of consolidated revenues.
We are not normally required to carry unusually high amounts of inventory to
meet customer delivery requirements, although higher backlog levels and longer
lead times generally require higher amounts of inventory. We typically require
advance cash payments from customers on longer lead time projects to help offset
our investment in inventory. We have initiated programs targeted at improving
our operational effectiveness to reduce our overall working capital needs. While
we do provide cancellation policies through our contractual relationships, we
generally do not provide rights of product return for our customers.
The pump and mechanical seal industry is highly fragmented, with hundreds of
competitors. We compete, however, primarily with a limited number of large companies
operating on a global scale. Competition among our closest competitors is generally
driven by delivery times, expertise, price, breadth of product offerings, contractual
terms, previous installation history and reputation for quality. Some of our
largest industry competitors include: Sulzer Pumps; Ebara Corp.; SPX Corp.;
Eagle Burgmann, which is a joint venture of two traditional global seal manufacturers,
A. W. Chesterton Co. and AES Corp.; John Crane Inc., a unit of Smiths Group
Plc; and Weir Group Plc.
The pump and mechanical seal industry continues to undergo considerable consolidation,
which is primarily driven by (i) the need to lower costs through reduction of
excess capacity and (ii) customers’ preference to align with global full
service suppliers to simplify their supplier base. Despite the consolidation
activity, the market remains highly competitive.
We believe that our strongest sources of competitive advantage rest with our
extensive range of pumps for the oil and gas, chemical and power generation
industries, our large installed base of products, our strong customer relationships,
our more than 200 years of legacy experience in manufacturing and servicing
pumping equipment, our reputation for providing quality engineering solutions
and our ability to deliver engineered new seal product orders within 72 hours
from the customer’s request.
Our customer mix is diversified and includes leading EPC firms, original equipment
manufacturers, distributors and end users. Our sales mix of original equipment
products and aftermarket products and services diversifies our business and
helps mitigate the impact of normal economic cycles on our business. Our sales
are diversified among several industries, including oil and gas, chemical, water
management, power generation and general industries.
Our customer mix spans several markets, including the chemical, power generation,
oil and gas, water management, pulp and paper, mining and other general industries.
Our product mix includes original equipment and aftermarket parts and services.
FCD contracts with a variety of customers, ranging from EPC firms, to distributors,
end users and other original equipment manufacturers.
Flowserve Corporation (NYSE: FLS), a prominent player in the flow control products and services sector, has made significant strides in strengthening its market position through recent acquisitions and partnerships. This article synthesizes recent announcements from Flowserve that highlight its strategy in navigating the global infrastructure markets.The company has completed the acquisition of MOGAS Industries, a strategic move to enhance its footprint in severe service valves and accompanying aftermarket services. This acquisition is poised to leverage Flowserve s scale and capabilities, enabling it to meet the rising demand for critical valve solutions. Flowserve expressed optimism about integrating the M...
Flowserve Corporation, a globally recognized provider of flow control products and services for infrastructure markets, recently declared a quarterly cash dividend of $0.21 per share on its outstanding common stock. The dividend is set to be paid on July 12, 2024, to shareholders of record as of June 28, 2024. This announcement comes amidst mixed financial results for the company and its corporate clients.In the first quarter, Flowserve Corp s corporate clients experienced a reduction in costs of revenue by 1.09% compared to the previous year, while sequentially costs of revenue were trimmed by 9.64%. However, despite this decline, Flowserve Corp recorded a revenue increase of 10.88% year on year. Sequential...
Flowserve Corporation, a global leader in flow control products and services for infrastructure markets, has recently released its 2023 Environmental, Social and Governance (ESG) report. The report showcases Flowserve s commitment to reducing carbon intensity and supporting communities worldwide through philanthropic efforts. Despite these achievements, the company faces challenges related to its revenue and cost of revenue. According to recent financial data, Flowserve s corporate customers experienced a 1.24% increase in their cost of revenue in the first quarter of 2024 compared to the previous year. However, sequentially, costs of revenue were reduced by -10.91%. Flowserve itself recorded a 10.88% increa...
Flowserve’s Comment on Sales, Marketing and Customers
We sell to a wide variety of customers globally including leading EPC firms,
original equipment manufacturers, distributors and end users in several distinct
industries: oil and gas, chemical, power generation, water management and general
industries. We do not believe that we have sales to any individual customer
that represent 10% or more of consolidated revenues.
We are not normally required to carry unusually high amounts of inventory to
meet customer delivery requirements, although higher backlog levels and longer
lead times generally require higher amounts of inventory. We typically require
advance cash payments from customers on longer lead time projects to help offset
our investment in inventory. We have initiated programs targeted at improving
our operational effectiveness to reduce our overall working capital needs. While
we do provide cancellation policies through our contractual relationships, we
generally do not provide rights of product return for our customers.
The pump and mechanical seal industry is highly fragmented, with hundreds of
competitors. We compete, however, primarily with a limited number of large companies
operating on a global scale. Competition among our closest competitors is generally
driven by delivery times, expertise, price, breadth of product offerings, contractual
terms, previous installation history and reputation for quality. Some of our
largest industry competitors include: Sulzer Pumps; Ebara Corp.; SPX Corp.;
Eagle Burgmann, which is a joint venture of two traditional global seal manufacturers,
A. W. Chesterton Co. and AES Corp.; John Crane Inc., a unit of Smiths Group
Plc; and Weir Group Plc.
The pump and mechanical seal industry continues to undergo considerable consolidation,
which is primarily driven by (i) the need to lower costs through reduction of
excess capacity and (ii) customers’ preference to align with global full
service suppliers to simplify their supplier base. Despite the consolidation
activity, the market remains highly competitive.
We believe that our strongest sources of competitive advantage rest with our
extensive range of pumps for the oil and gas, chemical and power generation
industries, our large installed base of products, our strong customer relationships,
our more than 200 years of legacy experience in manufacturing and servicing
pumping equipment, our reputation for providing quality engineering solutions
and our ability to deliver engineered new seal product orders within 72 hours
from the customer’s request.
Our customer mix is diversified and includes leading EPC firms, original equipment
manufacturers, distributors and end users. Our sales mix of original equipment
products and aftermarket products and services diversifies our business and
helps mitigate the impact of normal economic cycles on our business. Our sales
are diversified among several industries, including oil and gas, chemical, water
management, power generation and general industries.
Our customer mix spans several markets, including the chemical, power generation,
oil and gas, water management, pulp and paper, mining and other general industries.
Our product mix includes original equipment and aftermarket parts and services.
FCD contracts with a variety of customers, ranging from EPC firms, to distributors,
end users and other original equipment manufacturers.
Sources:
Flowserve Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Flowserve Corp’s corporate clients.
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