Case: Flowserve Corporation
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NEW YORK, NY – September 16, 2022 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Flowserve Corporation (NYSE: FLS).

If you are an investor of Flowserve and would like to discuss your rights to recovery your loss, please click below:

Flowserve Investigation



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On September 13, 2022 after the market closed, Flowserve disclosed that it had “implemented a new enterprise resource planning (“ERP”) system early in the third quarter at certain of its high-volume manufacturing” facilities in North America and that “[w]hile most of the company’s ERP transitions since 2017 have gone live without operational disruption, the company experienced challenges with this implementation during the first two months of the third quarter that negatively impacted volumes.” Flowserve also disclosed that this issue will reduce earnings per share (EPS) in the quarter by 10 to 12 cents. Additionally, the Company disclosed that it expects to incur “certain unanticipated increases in corporate expenses” and that these expenses are expected  to impact its results by 8 to 10 cents per share in the 2022 third quarter.

Following this news, on September 14, 2022, shares of Flowserve fell $2.36 per share, or 7.66%, to close at $28.43 per share.  

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If you have any questions about this investigation, your rights, or your interests, please contact: 

Pamela Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
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Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
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Oakland, California 94612
(415) 772-4704
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