Ronald Graves asked about Flowserve Corp. (FLS)

Flowserve Corp. (FLS) manufactures industrial seals, pumps and valves for flow service management of oil, gas, chemicals, and water. This is a well diversified company that sells it product worldwide.

The industry is growing and that's reflected in sales which is th4ee last two years grew over 18% on Revenue of $4.4+ Billion. They continue to shrink their long term debt now down to a little over 28% of Capitalization from over 48% ten years ago. Net income has been strong and they just adjusted the 2009 figures above consensus estimates. 2010 looks even better as they continue to curb costs. They pay a dividend of 1.14% and have $300 million buy back program in place that they are about half way through. I would rather have seen an increase in the dividend however it does show the strength of the cash flow of this company and it's ability to grow in what is a solid market.

What you have is a strong company in a growing business. They have already said that their EPS figures need to be adjusted upward that the consensus estimates. Long term this is a company to own.






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