Flowserve Acquires MOGAS Industries & Enhances Product Portfolio [Yahoo! Finance]
Flowserve Corporation (FLS)
Last flowserve corporation earnings: 2/17 04:20 pm
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Source: Yahoo! Finance
Flowserve Corporation FLS recently completed its previously announced acquisition of MOGAS Industries for $305 million, which includes the potential earnout. The company funded the transaction through its cash balance. Based in Houston, TX, MOGAS is engaged in providing mission-critical severe service valves and related aftermarket services. The company's products are sold to several end markets, including power, mining and process industries. It has an extensive geographic presence with sales and service offices in Europe, Canada, South America, Australia, China, India and the Middle East. Acquisition Rationale The latest buyout decision is in sync with Flowserve's policy of acquiring businesses to strengthen its business and product portfolio. The company will incorporate MOGAS into its Flow Control Division segment, which manufactures valves, valve automation products, boiler controls and solutions. The addition of MOGAS' differentiated valve products and technical experti
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News
- Flowserve (NYSE:FLS) Has Announced A Dividend Of $0.21 [Yahoo! Finance]Yahoo! Finance
- Flowserve Co. (NYSE: FLS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Flowserve Announces Quarterly Cash Dividend of $0.21 Per ShareBusiness Wire
- Flowserve (NYSE:FLS) shareholders have earned a 30% CAGR over the last three years [Yahoo! Finance]Yahoo! Finance
- Flowserve Co. (NYSE: FLS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $69.00 price target on the stock, up previously from $55.00.MarketBeat
FLS
Earnings
- 10/28/24 - Miss
FLS
Sec Filings
- 12/4/24 - Form SCHEDULE
- 11/12/24 - Form 4
- 11/8/24 - Form SC
- FLS's page on the SEC website