Flowserve Announces Dates for Third Quarter 2021 Monetary Benefits

DALLAS–(Enterprise WIRE)–Flowserve Corporation (NYSE: FLS), a major service provider of move management products and solutions and companies for the international infrastructure marketplaces, today declared that it strategies to release its effects for the third quarter 2021 immediately after the near of the New York Inventory Trade (NYSE) on Wednesday, Oct 27.

The pursuing early morning, on Thursday, Oct 28 the enterprise will maintain its meeting call with the economic local community at 11 a.m. Jap time. Scott Rowe, president and chief executive officer, and other associates of management will present.

The earnings materials and webcast of the meeting get in touch with can be accessed by shareholders and other intrigued events at www.flowserve.com less than the “Trader Relations” part.

About Flowserve

Flowserve Corp. is a person of the world’s main companies of fluid movement and handle products and solutions and companies. Operating in much more than 50 countries, the enterprise provides engineered and industrial pumps, seals and valves as well as a variety of linked movement management expert services. Extra details about Flowserve can be received by browsing the company’s Net site at www.flowserve.com.

Safe and sound Harbor Statement: This information launch contains ahead-hunting statements within just the meaning of Segment 27A of the Securities Act of 1933 and Area 21E of the Securities Exchange Act of 1934, which are produced pursuant to the risk-free harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Terms or phrases these kinds of as “might,” “need to,” “expects,” “could,” “intends,” “programs,” “anticipates,” “estimates,” “thinks,” “forecasts,” “predicts” or other comparable expressions are intended to discover forward-hunting statements, which involve, without the need of limitation, earnings forecasts, statements relating to our organization system and statements of anticipations, beliefs, potential ideas and procedures and anticipated developments regarding our sector, enterprise, operations and financial general performance and ailment.

The forward-on the lookout statements provided in this news launch are primarily based on our existing anticipations, projections, estimates and assumptions. These statements are only predictions, not assures. This kind of forward-wanting statements are topic to numerous hazards and uncertainties that are difficult to predict. These threats and uncertainties may well cause actual final results to differ materially from what is forecast in these forward-looking statements, and consist of, without the need of limitation, the following: the impact of the worldwide outbreak of COVID-19 on our small business and functions a portion of our bookings could not lead to concluded sales, and our potential to convert bookings into revenues at appropriate earnings margins variations in international financial circumstances and the possible for unforeseen cancellations or delays of consumer orders in our documented backlog our dependence on our customers’ means to make necessary funds financial commitment and servicing expenditures if we are not ready to successfully execute and realize the envisioned economic benefits from our strategic transformation and realignment initiatives, our business enterprise could be adversely afflicted hazards affiliated with cost overruns on fastened-cost assignments and in getting shopper orders for massive complex personalized engineered goods the substantial dependence of our profits on the achievements of the oil and gasoline, chemical, electrical power generation and h2o administration industries the adverse impact of unstable uncooked components selling prices on our goods and running margins financial, political and other threats involved with our global functions, like military services steps, trade embargoes, epidemics or pandemics or improvements to tariffs or trade agreements that could influence customer markets, notably North African, Russian and Center Japanese marketplaces and global oil and gas producers, and non-compliance with U.S. export/re-export management, foreign corrupt practice laws, financial sanctions and import laws and polices greater aging and slower collection of receivables, particularly in Latin America and other emerging marketplaces our exposure to fluctuations in foreign currency exchange costs, which includes in hyperinflationary nations these kinds of as Venezuela and Argentina our furnishing of merchandise and expert services to nuclear energy plant facilities and other significant procedures potential adverse repercussions ensuing from litigation to which we are a get together, this kind of as litigation involving asbestos-containing materials claims expectations about acquisitions and the integration of obtained businesses our relative geographical profitability and its affect on our utilization of deferred tax property, including foreign tax credits the prospective adverse influence of an impairment in the carrying value of goodwill or other intangible property our dependence upon 2nd-occasion suppliers whose failure to conduct timely could adversely have an affect on our company functions the remarkably aggressive mother nature of the marketplaces in which we work environmental compliance fees and liabilities potential get the job done stoppages and other labor issues access to general public and non-public sources of financial debt funding our inability to guard our intellectual residence in the U.S., as nicely as in international international locations obligations below our described advantage pension plans our interior manage in excess of fiscal reporting may not avert or detect misstatements since of its inherent constraints, which include the chance of human error, the circumvention or overriding of controls, or fraud the recording of enhanced deferred tax asset valuation allowances in the long term or the impression of tax legislation changes on these kinds of deferred tax property could affect our running results our facts know-how infrastructure could be matter to provider interruptions, facts corruption, cyber-centered assaults or community safety breaches, which could disrupt our enterprise operations and result in the loss of important and confidential information and facts ineffective inner controls could impression the accuracy and timely reporting of our organization and money success and other variables explained from time to time in our filings with the Securities and Exchange Commission.

All ahead-looking statements incorporated in this news release are based on facts obtainable to us on the day hereof, and we presume no obligation to update any ahead-wanting assertion.

The Enterprise studies its money outcomes in accordance with U.S. frequently accepted accounting principles (GAAP). Nevertheless, administration believes that non-GAAP financial steps which exclude certain non-recurring merchandise current further valuable comparisons in between present-day benefits and outcomes in prior working intervals, furnishing traders with a clearer watch of the fundamental traits of the organization. Management also uses these non-GAAP fiscal steps in producing money, functioning, planning and compensation conclusions and in analyzing the Firm’s general performance. During our materials we refer to non-GAAP measures as “Adjusted.” Non-GAAP fiscal steps, which might be inconsistent with equally captioned actions offered by other companies, ought to be considered in addition to, and not as a substitute for, the Company’s documented outcomes ready in accordance with GAAP.