| Market Capitalization (Millions $) |
10,152 |
| Shares
Outstanding (Millions) |
128 |
| Employees |
16,000 |
| Revenues (TTM) (Millions $) |
4,634 |
| Net Income (TTM) (Millions $) |
390 |
| Cash Flow (TTM) (Millions $) |
163 |
| Capital Exp. (TTM) (Millions $) |
59 |
Business Description
Flowserve Corporation is a leading manufacturer and aftermarket service provider specializing in flow control systems, incorporated in New York on May 1, 1912. The company develops and manufactures precision-engineered equipment, including pumps, valves, and seals, designed for critical applications demanding high reliability. Flowserve also provides a wide range of aftermarket services such as installation, advanced diagnostics, repair, and retrofitting through an extensive network of Quick Response Centers (QRCs) worldwide.
Flowserves products and services cater to over 10,000 customers, including prominent engineering and construction firms, original equipment manufacturers (OEMs), distributors, and end users across various industries, including but not limited to:
- Oil and Gas
- Chemical Processing
- Power Generation
- Water Treatment
- General Industrial Markets
The company operates through three main business segments:
1. Flowserve Pump Division (FPD): This division focuses on engineered and industrial pumps, submersible motors, and related services. FPD primarily serves the oil and gas, chemical processing, power generation, water treatment, and general industrial markets.
2. Flow Control Division (FCD): FCD specializes in a comprehensive range of industrial valve products, including actuators and controls. It also provides energy management products like steam traps and condensate recovery systems, supported by a suite of engineered services.
3. Flow Solutions Division (FSD): This division is dedicated to the design, manufacture, and distribution of mechanical seals and sealing systems. FSDs products are essential for process industries, acknowledging that mechanical seals require periodic replacement and servicing throughout their lifecycle, integral to the aftermarket services offered by Flowserve.
Competition Landscape
The pump industry in which Flowserve operates is highly fragmented, featuring over 100 competitors. However, most competition arises from a limited number of large, globally operating companies. Key competitors in the pump sector include ITT Industries, Ebara Corporation, KSB Inc. The Weir Group PLC, Sulzer Pumps, and United Technologies Corporation.
In the valve market, despite recent consolidation trends, competition remains fragmented. Major players include Crane Co. Dresser Inc. Emerson, Kitz, and Tyco.
Flowserve faces competition in the mechanical seals market, primarily from manufacturers like John Crane (a unit of Smiths Group Plc) and Eagle Burgmann, Inc. (a joint venture between Chesterton and AES). Flowserve is recognized as the second-largest supplier of industrial mechanical seals globally, leveraging its ability to manufacture engineered seal products quickly and efficiently, from design to delivery, as a critical competitive advantage.
Summary
Overall, Flowserve Corporation stands out as a key player in the flow control equipment industry, providing high-quality products and essential aftermarket services while navigating a competitive landscape characterized by both fragmentation and a few dominant global players. The companys commitment to innovation, reliability, and customer service continues to drive its success across various industrial sectors.
Company Address: 5215 N. O’Connor Boulevard, Suite 700, Zagreb 75039 City of Zagreb
Company Phone Number: 443-6500 Stock Exchange / Ticker: NYSE FLS
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