Flowserve Corporation develops, manufactures, and sells precision-engineered flow control equipment, as well as provides a range of aftermarket equipment services. It operates in three divisions: Flowserve Pump, Flow Control, and Flow Solutions. The Flowserve Pump division offers engineered and industrial pumps and pump systems; submersible motors; replacement parts; and related equipment primarily to industrial markets. Its products include centrifugal pumps, positive displacement pumps, and specialty products and systems, such as hydraulic decoking systems, reactor recycle systems, and cryogenic liquid expanders. The Flow Control division designs, manufactures, and distributes industrial valve products, including actuators and accessories, control and ball valves, lubricated plug valves, condensate and energy recovery systems, pneumatic and electro pneumatic positioners, smart valves, steam traps, manual quarter-turn valves, valve automation systems, valve/actuator software, nuclear valves, and quarter-turn actuators. The Flow Solutions division offers mechanical seals, sealing systems, and parts principally to process industries. Its products include cartridge seals, dry-running seals, metal bellow seals, elastomeric seals, slurry seals, split seals, gas barrier seals, couplings, and accessories and support systems. The company also provides aftermarket equipment services, such as installation, diagnostics, repair, and retrofitting. It serves oil and gas, chemical, power generation, and water treatment industries. The company sells its products through direct sales force, as well as through distributors and sales representatives. Flowserve Corporation operates in North America, Europe, Middle East, Africa, Asia Pacific, and Latin America. The company was founded in 1912 and is headquartered in Irving, Texas.
| Analysts' Targets |
| RBC Capital Markets | $150 |
| Sector Perform |
Monday, June 09, 2008
|
| Friedman, Billings, Ramsey & C | $124 |
| Mkt Perform |
Wednesday, April 30, 2008
|
| Robert W. Baird & Co. | $120 |
| Strong Buy |
Wednesday, December 19, 2007
|
$136.0 (06/29/08)
