NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors in Flowserve Corporation FLS.

If you are a Flowserve investor and would like to discuss your rights to recover your loss, please click below:

Flowserve investigation

Or contact us by email [email protected] or by calling (646) 315-9003 or 1-800-290-1952.

On September 13, 2022, after the market close, Flowserve announced that earlier in the third quarter it had implemented “a new enterprise resource planning (ERP) system at certain of its high-volume manufacturing facilities” in North America and that “[w]Although most of the company’s ERP transitions have gone live non-disruptively since 2017, the company faced implementation challenges during the first two months of Q3 that negatively impacted volumes. EPS) in the quarter by 10 to 12 cents. Additionally, the company announced that it anticipates “certain unanticipated increases in corporate spending” and that such spending is expected to impact its results by 8 to 10 cents per share in the third quarter of 2022.

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

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