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Flowserve to acquire Velan in an all-cash transaction valued at $245 MM

Flowserve to acquire Velan in an all-cash transaction valued at $245 MM
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Flowserve Corporation (NYSE:FLS) - Recap: Flowserve Q1 Earnings


Quarterly Results
Earnings per share rose 33.33% over the past year to $0.28, which beat the estimate of $0.19.
Revenue of $857,308,000 decreased by 4.15% from the same period last year, which beat the estimate of $812,830,000.
Outlook
The upcoming fiscal year s EPS expected to be between $1.40 and $1.60.
The upcoming fiscal year s revenue expected to be between $3,541,600,000 and $3,616,160,000.
Technicals
52-week low: $21.05
Company Overview
Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment servi ....

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