Flowserve Corporation (FLS - Analyst Report) recently launched a new Flowserve Limitorque UEX electronic control package for L120 series actuators. This newly developed electronic control package is field-retrofitable. Built with proven Limitorque MX actuator technology, the new feature is an improvement on the former package and replaces the previous UEC-3 electronic controllers.
The UEX package will deliver network connectivity through five network protocols for reliable process control, and will also include an LCD (Liquid Crystal Display) screen for actuator setup. On-site retrofitting will reduce the plant downtime. The 32-character LCD screen will display activities relating to the status and position of the plant. It will also give prior indication of fault conditions.
During the last quarter, Flowserve won a number of multi-million contracts. The company is expanding worldwide, and exploring new markets. Under such a situation, new product innovation is a must to live up to the customers’ expectations. This new addition to the company’s Limitorque product line is expected to augment revenue in the coming quarters. The company has an expected earnings growth estimate of 12.33%, as per the Zacks Consensus Estimate. This is also coupled with a positive estimated sales growth of 1.66%.
Flowserve is one of the world's leading providers of industrial flow management services. The company produces highly engineered and modular pumps, precision mechanical seals, smart, specialty, and quarter-turn valves and valve actuators, and a range of related flow management services.
Flowserve currently holds a Zacks Rank #3 (Hold) while some other important players in the same industry, such as EnPro Industries, Inc. (NPO - Snapshot Report), Graco Inc. (GGG - Snapshot Report) and Omnitek Engineering Corp. (OMTK - Snapshot Report) all have a Zacks Rank #1 (Strong Buy).