Flowserve Corp (NYSE: FLS)

Flowserve Corporation is a world leading manufacturer and aftermarket service provider of comprehensive flow control systems. The company designs manufactures and services pumps valves seals and automation products that are essential for moving controlling and protecting fluids in industrial processes. Flowserve operates 37 manufacturing facilities worldwide and maintains a network of 126 quick response centers located in 48 countries. Its products serve the energy chemical power generation and general industries which include water management pharmaceuticals and other sectors.

Flowserve generates revenue from the sale of original equipment including pumps valves seals and automation systems as well as from aftermarket parts repair maintenance and field services. The company sells directly to engineering procurement construction firms original equipment manufacturers distributors and end users. Revenue also comes from long term service contracts and digital monitoring solutions such as its proprietary RedRaven platform. In 2025 total bookings reached $4.7 billion reflecting steady demand across its served markets.

The company operates through the following segments: Flowserve Pumps Division and Flow Control Division.

• Flowserve Pumps Division: This segment designs manufactures and services specially designed pumps mechanical seals and related systems for the energy chemical power generation and general industries offering approximately 165 active pump models and 175 active mechanical seal models from its 37 manufacturing facilities worldwide.

• Flow Control Division: This segment designs manufactures and distributes isolation valves control valves valve automation products and provides associated field services for the same end markets offering around 30 different active valve actuator positioner and switch types from its 18 principal manufacturing facilities.

Flowserve holds a strong position in the global flow control market competing with a limited number of large multinational firms while benefiting from a broad product portfolio and deep installed base. Key competitors in the pump sector include Sulzer, Ebara, ITT, KSB and Weir Group while the valve division faces competition from Emerson, Cameron, Baker Hughes, Rotork and others. The company is often regarded as one of the top two valve suppliers worldwide and maintains a leading niche in highly engineered pump markets. Its competitive advantages stem from its extensive aftermarket network, its ability to deliver engineered solutions quickly, its long history of technical expertise, and its focus on digitalization decarbonization and diversification strategies.

Flowserve serves a diverse customer base that includes engineering procurement construction firms, original equipment manufacturers, distributors and end users across the energy, chemical, power generation and general industries. The company reports relationships with over 10,000 customers ranging from major global EPC contractors to mid sized industrial operators and regional distributors. Revenue is balanced between original equipment sales and aftermarket service contracts which helps mitigate the impact of economic cycles.