Flowserve Value Stock - Dividend - Research Selection
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Description of the company
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The IPD segment provides pre-configured industrial pumps and pump systems, such as submersible motors and specialty products; and manufactures replacement parts and related equipment, as well as offers support services. The FCD segment offers industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment. This segment\'s products are used to control, direct, and manage the flow of liquids and gases. It primarily serves oil and gas, chemical, power generation, and water management markets, as well as general industries, including mining and ore processing, pharmaceuticals, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was founded in 1912 and is headquartered in Irving, Texas.