DALLAS–(Company WIRE)–May well 20, 2021–
Flowserve Corporation, (NYSE: FLS), a major service provider of stream control products and solutions and solutions for the global infrastructure marketplaces, introduced that its Board of Directors has authorized a quarterly cash dividend of $.20 per share on the company’s fantastic shares of prevalent stock.
The dividend is payable on July 9, 2021, to shareholders of report as of the near of business enterprise on June 25, 2021.
When Flowserve presently intends to pay back frequent quarterly money dividends for the foreseeable long run, any foreseeable future dividends, at this $.20 per share price or or else, will be reviewed individually and declared by the Board at its discretion.
Risk-free Harbor Assertion: This news release incorporates ahead-on the lookout statements within the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934, which are produced pursuant to the secure harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Phrases or phrases these as, “may,” “should really,” “expects,” “could,” “intends,” “options,” “anticipates,” “estimates,” “thinks,” “forecasts,” “predicts” or other equivalent expressions are meant to detect forward-searching statements, which consist of, with no limitation, earnings forecasts, statements relating to our small business technique and statements of anticipations, beliefs, upcoming strategies and strategies and expected developments about our industry, small business, functions and monetary effectiveness and condition.
The forward-searching statements provided in this news launch are centered on our recent anticipations, projections, estimates and assumptions. These statements are only predictions, not ensures. These forward-looking statements are issue to quite a few dangers and uncertainties that are difficult to forecast. These challenges and uncertainties may well bring about genuine outcomes to differ materially from what is forecast in these kinds of ahead-looking statements, and include things like, without the need of limitation, the following: the effect of the international outbreak of COVID-19 on our organization and functions a part of our bookings could not guide to done revenue, and our means to convert bookings into revenues at satisfactory revenue margins variations in world-wide economic conditions and the prospective for surprising cancellations or delays of consumer orders in our noted backlog our dependence on our customers’ skill to make expected cash investment decision and routine maintenance expenditures if we are not able to correctly execute and recognize the envisioned fiscal advantages from our strategic transformation and realignment initiatives, our company could be adversely affected risks related with price overruns on fastened-cost initiatives and in taking purchaser orders for huge complicated personalized engineered solutions the considerable dependence of our product sales on the success of the oil and fuel, chemical, electrical power technology and water management industries the adverse impact of risky raw supplies price ranges on our products and solutions and operating margins financial, political and other hazards involved with our intercontinental operations, which includes navy steps, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could have an effect on buyer marketplaces, especially North African, Russian and Middle Japanese marketplaces and worldwide oil and fuel producers, and non-compliance with U.S. export/re-export regulate, foreign corrupt observe legal guidelines, financial sanctions and import regulations and rules greater growing old and slower collection of receivables, particularly in Latin The usa and other rising markets our publicity to fluctuations in international forex exchange fees, which include in hyperinflationary nations around the world these types of as Venezuela and Argentina our furnishing of goods and expert services to nuclear electricity plant services and other essential procedures possible adverse penalties ensuing from litigation to which we are a bash, these types of as litigation involving asbestos-containing material statements anticipations with regards to acquisitions and the integration of obtained corporations our relative geographical profitability and its effect on our utilization of deferred tax property, such as overseas tax credits the likely adverse impact of an impairment in the carrying price of goodwill or other intangible property our dependence on 3rd-bash suppliers whose failure to conduct timely could adversely have an effect on our organization functions the remarkably aggressive mother nature of the markets in which we work environmental compliance costs and liabilities possible function stoppages and other labor issues obtain to public and private sources of personal debt financing our inability to shield our mental house in the U.S., as well as in international nations obligations beneath our outlined gain pension programs our interior handle above financial reporting may not prevent or detect misstatements for the reason that of its inherent limits, together with the likelihood of human mistake, the circumvention or overriding of controls, or fraud the recording of improved deferred tax asset valuation allowances in the long term or the influence of tax regulation variations on this kind of deferred tax property could affect our functioning results our info engineering infrastructure could be subject matter to support interruptions, knowledge corruption, cyber-centered attacks or community safety breaches, which could disrupt our small business functions and end result in the reduction of crucial and private data ineffective internal controls could effects the precision and well timed reporting of our enterprise and economical results and other variables explained from time to time in our filings with the Securities and Exchange Commission.
All ahead-hunting statements involved in this information release are centered on information available to us on the date hereof, and we presume no obligation to update any ahead-searching statement.
Check out resource version on businesswire.com:https://www.businesswire.com/information/residence/20210520005987/en/
Speak to: Flowserve Contacts
Jay Roueche, Vice President, Trader Relations & Treasurer (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636 Media Speak to:
Lars Rosene, Vice President, Company Communications & General public Affairs, (972) 443-6644
Key word: TEXAS UNITED STATES NORTH America
Market Search term: OIL/Gasoline Production Energy ENGINEERING Chemical substances/PLASTICS
Source: Flowserve Company
Copyright Business Wire 2021.
PUB: 05/20/2021 04:15 PM/DISC: 05/20/2021 04:16 PM
Copyright Business Wire 2021.