BNET Industries

Flow International Corp.

(FLOW) is in the Manufacturing Industry

Market Cap:$135.9M
Last Fiscal Year Sales:$244.2M
  • Public
  • US
Dow Jones Description

Flow International Corporation (NASDAQ: FLOW) is the world leader in the development and manufacture of ultrahigh-pressure (UHP) waterjet technology, and a leading provider of robotics and assembly equipment. Flow provides technologically advanced, environmentally-sound solutions to the manufacturing and industrial cleaning markets. Since 1974, Flow has delivered more than 10,000 waterjet and abrasive waterjet systems to customers in more than 45 countries. With nearly 60% worldwide market share, Flow is the world leader in the development and manufacture of UHP waterjet technology. With its Corporate Headquarters in Kent, Washington, Flow now employs more than 700 employees in offices in Indiana, Michigan, Canada, Brazil, Germany, UK, Sweden, Spain, Italy, France, Taiwan, Japan, and China. Today, the company's core markets have grown to include aerospace, automotive, job and machine shops, paper, food, art and architecture, industrial cleaning, food processing and other specialty applications. Flow's global preeminence can be attributed to its focus on key areas including technology leadership, providing total systems solutions, new product development through extensive research and development, expanding applications within core markets and an unrelenting focus on customer success through system reliability and worldwide technical support from the largest service team focused on waterjet and ultrahigh-pressure technology in the world.

President, Chief Executive Officer and Director
Stephen R. Light
Number of Employees 649
Contact Information

23500 64th Ave S

Kent, Washington 98032

flowcorp.com

(253) 850-3500

NAICS Code All Other Miscellaneous General Purpose Machinery Manufacturing: 333999

Recent Events

  • PicksThatMove.com Announces Investment Opinion on Connacher Oil and Gas Limited, Big Lots,...

    12/04/09 - Financial Announcement - View Story

  • Flow Introduces Mach 2 Series Waterjet Product Line

    10/02/09 - Product Announcement - View Story

  • Flow International posts fiscal 1st-quarter loss

    9/08/09 - Merger / Acquisition - View Story

  • Flow International Announces Fiscal 2010 First Quarter Results

    9/09/09 - Financial Announcement - View Story

  • Flow Intl. Touts +$5M Aerospace Contract

    8/19/09 - Financial Announcement - View Story

  • SpaceClaim: SpaceClaim Awarded Major OEM Contract by Flow International Corporation

    7/28/09 - Joint Venture / Alliance - View Story

  • Archive Kent-based Flow calls off merger with smaller water-jet rival Omax

    6/26/09 - Merger / Acquisition - View Story

  • Flow International posts another quarterly loss

    6/25/09 - Merger / Acquisition - View Story

  • Flow reports revenue dip

    6/26/09 - Financial Announcement - View Story

News & Analysis

flow international corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Stephen R. Light President, Chief Executive Officer and Director
Allen M. Hsieh Vice President and Chief Financial Officer (Principal Financial Officer)
Bruce Carlson CIO & Vice President
Douglas Fletcher CFO
Scott G Rollins Chief Information Officer
Dick LeBlanc Executive Vice President, Sales
Felix Sciulli Senior Vice President, Global Engineering, Research
Chip Burnham Vice President
Karen A Carter Vice President of Global Operations
Michael Ruppenthal Vice President, Marketing
Rick Nicholson Vice President, HR
Theresa F Treat Vice President of Human Resources
Theresa S. Treat Vice President of Human Resources
Jeffrey L Hohman Executive Vice President and General Manager
Thomas Johnson Executive Vice President and General Manager of Flow Waterjet Asia
Charles M. Brown President & CEO
Chris Maier Product Manager
Marjorie Millay Market Manager
Mark Powell Flow Aftermarket Product Manager
Rick Schmid Market Manager
Robert Peterson Product Manager
Dohn Johnson Principal Accounting Officer & Controller
Geoffrey Buscher
John S. Leness General Counsel & Secretary
Lisa Brandli
Daniel J. Evans Director
Lorenzo Lamadrid Director
Ronald D. Barbaro Director

Board of Directors

Name (plus bio) Position
Jerry L Calhoun J. Michael Ribaudochairman
Richard J. Fox Chairman
Arlen I. Prentice Board of Directors
J. Michael Ribaudo Board of Directors
Jan K Ver Hagen Board of Directors
Kathryn L. Munro Chairman
Kenneth M. Roberts Board of Directors
Larry A Kring Board of Directors

Mr. Light comes to Xerium Technologies having recently completed the highly successful turnaround of Flow International Corp. (NASDAQ: FLOW), the world's largest producer of industrial waterjet cutting and cleaning equipment. Prior to Flow, Mr. Light was President and CEO of OmniQuip Textron and held senior level management positions at General Electric, Emerson Electric and N.V. Phillips.

Organization Position Status
Weavexx Corporation President, Chief Executive Officer and Chairman of The Board Current
Flow International Corporation President, Chief Executive Officer and Director Current
Xerium Technologies, Inc. Chief Executive Officer Current
Xerium Technologies, Inc. President Former
Xerium Technologies, Inc. Board of Directors Current
Weavexx Corporation Board of Directors Current
Manitex International, Inc. Board of Directors Current
P&H Mining Equipment Vice President Former
P&H Mining Equipment General Manager Former
Colorado State University Bachelor of Science In Mechanical Engineering Former

Organization Position Status
Flow International Corporation Vice President and Chief Financial Officer (Principal Financial Officer) Current

Organization Position Status
Flow International Corporation CIO & Vice President Current

Douglas P. Fletcher joined the Company in August 2005 as interim Chief Financial Officer and in October 2005 was appointed Vice President and Chief Financial Officer. Prior to joining the Company, he served as Chief Financial Officer at GiftCertificates. com (2001 to 2005) and eCharge Corporation (2000 to 2001), both based in Seattle. From 1986 until 2000, he held various senior positions in corporate and structured finance, equipment finance, restructuring, and other finance positions with Citigroup in New York. From 1980 to 1986 he served in various positions at International Paper Company and from 1976 to 1980 he was employed by Price Waterhouse. Mr. Fletcher earned his B.S. degree in Accounting from Ohio University in 1976.

Organization Position Status
Flow International Corporation CFO Current
GiftCertificates.com CFO Former
Ohio University B.S. Degree In Accounting Former

Scott G. Rollins joined the Company in February 2007 as Chief Information Officer. Prior to joining the Company, Mr. Rollins was a Senior Manager at Maverick Consulting in their manufacturing technology practice. Mr. Rollins spent a decade at Microsoft Corporation and iLogistix, focused on worldwide supply- chain and logistics, manufacturing systems, technology development and deployment.

Organization Position Status
Flow International Corporation Chief Information Officer Current

Organization Position Status
Flow International Corporation Executive Vice President, Sales Current

Organization Position Status
Flow International Corporation Senior Vice President, Global Engineering, Research Current

Organization Position Status
Flow International Corporation Vice President Current

Karen A. Carter joined the Company in April 2007 as the Director of Operational Excellence and in August 2007 was appointed Vice President of Global Operations. Prior to joining the Company, she held several management and technical roles most recently as Director of Operational Excellence for the Health and Science Technologies business group within IDEX Corporation (1993 to 2007). Most of her professional experience has been spent in manufacturing industries including Micropump Inc., Ford Motor Company and Boeing. Karen Carter is certified as a Six Sigma Black Belt and Value Stream and Mixed ModelValue Stream instructor. She holds a B.S. degree in mechanical engineering from Oakland University.

Organization Position Status
Flow International Corporation Vice President of Global Operations Current

Organization Position Status
Flow International Corporation Vice President, Marketing Current

Organization Position Status
Flow International Corporation Vice President, HR Current

Theresa F. Treat joined the Company in December 2006 as Vice President, Human Resources. Prior to joining the Company, Ms. Treat was Vice President of Human Resources at Cutter & Buck, Inc., and has more than 20 years of experience in human resources, serving at Onvia, Inc., Pointshare, Inc., Nextlink Communications, and Horizon Airlines. She also served as a labor negotiator for employees in the State of Alaska from 1983 to 1990. Ms. Treat has a Master’s Degree in Labor and Industrial Relations and a Bachelor’s Degree in Industrial and Organizational Psychology, both from the University of Illinois.

Organization Position Status
Flow International Corporation Vice President of Human Resources Current

Organization Position Status
Flow International Corporation Vice President of Human Resources Current

Jeffrey L. Hohman joined the Company in November 2006 as Executive Vice President and General Manager of the newly formed Flow Waterjet Americas Division. In July of 2007 he accepted the additional role of Executive Vice President and General Manager for Flow International. Prior to joining the Company, Mr. Hohman was employed by Idex Corporation, a pump manufacturing company, for 16 years serving as President of several divisions. Prior to 1990, Mr. Hohman worked for ITT Corporation, Borg Warner Corporation, General Signal Corporation and Dresser Industries, Inc. He is a Six Sigma Green Belt and has Bachelor’s Degree in Business from Pepperdine University.

Organization Position Status
Flow International Corporation Executive Vice President and General Manager Current
Flow International Corporation Executive Officer Former
IDEX Corporation Former
General Signal Corporation Former
BorgWarner, Inc. Former
Dresser, Inc. Former

Organization Position Status
Flow International Corporation Executive Vice President and General Manager of Flow Waterjet Asia Current
Flow International Corporation Senior Vice President, Operations Former

Organization Position Status
Pentair, Inc. President & COO, Tools Former
Johnson & Johnson product director Former
Flow International Corporation Director and Executive Officer Former
Kellogg School of Management at Northwestern University MBA Former
Cornell University Bachelor's degree in Economics and Political Science Former

Organization Position Status
Flow International Corporation Product Manager Current

Organization Position Status
Flow International Corporation Market Manager Current

Organization Position Status
Flow International Corporation Flow Aftermarket Product Manager Current

Organization Position Status
Flow International Corporation Market Manager Current

Organization Position Status
Flow International Corporation Product Manager Current

Organization Position Status
Flow International Corporation Principal Accounting Officer & Controller Current

Organization Position Status
Flow International Corporation Current

John S. Leness joined the Company in June 1990 as its Corporate Counsel, became General Counsel in December 1990, and was appointed Assistant Secretary in January 1991 and Secretary in February 1991. From 1986 until joining the Company, Mr. Leness had been associated with the Perkins Coie law firm. Mr. Leness has an A.B. in Economics from Harvard College and a J.D. from the University of Virginia.

Organization Position Status
Flow International Corporation General Counsel & Secretary Current
Flow International Corporation Board of Directors Current

Organization Position Status
Flow International Corporation Current

Jerry L. Calhoun (age 65) was appointed to the Company’s Board of Directors in January, 2007, and his current term expires with the 2010 Annual Meeting. Mr. Calhoun has been a business consultant for the Ford Motor Company since January 2007. Mr. Calhoun was Vice President, Human Resources with Boeing Commercial Airplanes from 2001 until January 2007. Mr. Calhoun was previously VP of Employee and Union Relations for Boeing. Prior to those positions with the Boeing Company, in 1981 Mr. Calhoun was appointed Deputy Assistant Secretary of the Department of Defense for civilian personnel policy and requirements; and in 1983 he was appointed Principal Deputy Assistant Secretary of the Department of Defense for force management and personnel. In 1985, President Reagan nominated him as Chairman of the Federal Labor Relations Authority, and he was confirmed by the U.S. Senate. He also served as Chairman of the Foreign Service Labor Relations Board until November 1988, when he returned to the private sector with Boeing. Mr. Calhoun has also taught on the faculty of the University ofWashington’s School of Business Administration, in the areas of labor management relations and human resource systems. He is a member of the board of a number of organizations, including the Labor Industrial Relations Association Group and the Labor and Employment Relations Association. Among the various awards bestowed upon him for his public service, Mr. Calhoun was honored with the U.S. Department of Defense Distinguished Public Service Award. Mr. Calhoun holds a B.A. from Seattle University and a master’s degree in business from the University ofWashington.

Organization Position Status
Flow International Corporation J. Michael Ribaudochairman Current
The Boeing Company Vice President of Employee and Union Relations Former
The Boeing Company Chairman Former
Seattle University B.A. Former

Organization Position Status
Planalytics Inc. Chairman and Co-Founder Current
Fox Companies Founder Current
Jewish Policy Center Chairman Current
Flow International Corporation Chairman Current
Fox Companies Chairman Current
Affiliate 2 Director Current
Shurgard Storage Centers, Inc. Board of Directors Current
Nacdnw Board of Directors Current
Premera Blue Cross Board of Directors Current
Temple University Board of Trustees Current
The Seattle Foundation Board of Directors Current
aQuantive, Inc. Board of Directors Current
Orbitz Worldwide, Inc. Board of Directors Current
Quatrx Pharmaceuticals Co Board of Directors Current
Spraycool Director Current
Cybersafe Limited President Former
Cybersafe Limited Chief Operating Officer Former
Wall Data Chief Financial Officer Former
Ernst & Young Managing Partner, Seattle Office Former
Cybersafe Limited Officer Former
Flow International Corporation Board of Directors Former
Pennsylvania State Chairman Former
Shurgard Self Storage Board of Directors Former
Duke University MBA Former
Ohio University BBA Former
Georgia Institute of Technology B.S. degree in Engineering Former

Arlen I. "Arnie" Prentice is Chairman and CEO of Kibble & Prentice, a Pacific Northwest financial services firm providing commercial and personal property and casualty insurance brokerage, a full range of employee benefit services, and investment advisory services to high net worth individuals and qualified retirement plan sponsors. He also serves on the board of directors of Flow International (nasdaq), Northland Telecommunication Corporation and Pacific Marketing International. Mr. Prentice serves as a member of the USI Executive Management Board. USI is a Goldman Sachs Capital Partners IV Company. He served nineteen years on the Starbucks Coffee Company board of directors and as the non-executive chairman of Percon Inc. (nasdaq) for eight years. He is also a principal of the Prentice Family Partnership which invests primarily in early stage Pacific Northwest companies including the Northwest Drug Emporium franchise (sold to Longs Drugs), Optiva Corporation maker of the Sonicare toothbrush (sold to Phillips), Wizards of the Coast (sold to Hasbro), Advanced H2O (sold to LaSalle Partners) and Spider Staging (sold to Flow International). Mr. Prentice is a member of many professional and civic associations at the international, national and local levels, including the Million Dollar Round Table, the Board of Trustees for the Seattle World Trade Center, the Fred Hutchinson Cancer Research Center Business Alliance and the Methow Conservancy.

Organization Position Status
Nacdnw Chairman and CEO of Kibble Current
Wizards LLC. Principal Current
Flow International Corporation Board of Directors Current
Percon Corporation Non-Executive Chairman Former

Dan put his BS in Chemical Engineering from the University of Washington to use for Standard Oil in the mid 60's and earned an MBA from the University of Oregon before settling in and taking over for his father-in-law, Jack Kelly, in 1973. Dan's vision and guts transformed this local residential plumbing contractor to its current position as one of the largest specialty contractors in the country. In his role as chairman, Dan is committed to success through excellence and oversees JH Kelly's strategic direction. Dan's other passion is fish. He daydreams of fishing in Mexico and keeps busy watching over a commercial seiner and a custom seafood market and smoked salmon business located in Ridgefield, WA.

Organization Position Status
JH Kelly LLC Chief Executive Officer Current
University of Washington Board of Regents Current
Evans School of Public Affairs Current
JH Kelly LLC Chairman Current
Archimedes Technology Group Board of Directors Current
Western Wireless Corporation Board of Directors Current
Today's Workplace Director Current
Nic, Inc. Board of Directors Current
Flow International Corporation Director Current
The Regents Board of Directors Current
Cray Inc. Board of Directors Current
Costco Wholesale Corporation Board Director Current
Cray Computer Corp Director Current
Antivirusnow.Net Director Current
The Evergreen State College President Former
City of Seattle Corporation Engineer Former
University of Washington M.S., Civil Engineering Former
University of Washington B.S., Civil Engineering Former

J. Michael Ribaudo is Chairman and Chief Executive Officer of Surgical Synergies, Inc., a national company that develops, acquires and operates ambulatory surgery centers. Dr. Ribaudo was elected to the Company s Board of Directors in 1995, and his current term expires in 2007. Dr. Ribaudo graduated from Louisiana State University in 1963 and Louisiana State Medical School in 1967 with graduate medical school training at Emory University, Washington University and New York University. He received postgraduate training at Harvard Law School, Kellogg Business School and Stanford Graduate School of Business. Jan K. Ver Hagen is the retired Chairman of the Board (non-executive) of Wolverine Tubing Corporation, a copper tubing manufacturer and processor of specialty heat transfer products, and continues to serve as Director and Chair of the Audit Committee of Wolverine. Mr. Ver Hagen was elected to the Company s Board of Directors in 2003, and his current term expires in 2008. He worked for Emerson Electric Co. from 1977 to 1994 including serving as Vice-Chairman and Director from 1987 to 1994. From 1994 to 1999 he was a director of United Dominion Industries, a multinational manufacturing group, and was President and Chief Operating Officer from 1994 to 1998. He returned to Emerson to serve as Senior Vice President from 1999 to 2002. He also serves as trustee of the Wisconsin Alumni Research Foundation. He received a B.S.M.E. in 1961 from the University of Wisconsin Madison.

Organization Position Status
Surgical Synergies, Inc. Chief Executive Officer Current
Surgical Synergies, Inc. Chairman Current
Flow International Corporation Board of Directors Current
Louisiana State University Former

Organization Position Status
Flow International Corporation Board of Directors Current

Organization Position Status
Bridge West L.L.C. Principal Current
Bridge West, LLC Principal Current
Pinnacle West Capital Corporation Chairman Current
Knight Transportation, Inc. Director Current
Bank Administration Institute Board of Directors Current
Capitol Bancorp Ltd. Board of Directors Current
Arizona Public Service Company Director Current
Logictree Corporation Board of Directors Current
Pinnaclewest Board of Directors Current
Pinnacle West Capital Corporation Board of Directors Current
Bridge West, LLC Chief Executive Officer Former
Bank Administration Institute Director-at-Large Former
Bridge West, LLC Chairman Former
Bridge West L.L.C. Chair Former
Flow International Corporation Chairman Current
University of Washington M.B.A. Former
Auburn University B.S. Degree Former

Organization Position Status
Flow International Corporation Board of Directors Current

Larry A. Kring (age 67) was appointed as an independent member of the Board of Directors in March 2008. Since February 2005, Mr. Kring has served as Senior Group Vice President for Esterline Technologies, a global manufacturer of Avionics & Controls, Sensors & Systems, and Advanced Materials. Prior to joining Esterline, Mr. Kring spent 15 years as President and CEO of Heath Tecna Aerospace Company. He also served as an executive of Sargent Industries, and was General Manager of Cochran Western Corporation. He was a director of Everlast Worldwide and has served three terms on the Aerospace Industries Association’s Board of Directors. He holds an MBA from the California State University/Northridge and a B.S. degree in Aeronautical Engineering from Purdue University.

Organization Position Status
Flow International Corporation Board of Directors Current

Organization Position Status
Ecoworld, Inc. Chairman Current
Environmental Defense Fund Blogs Chairman Current
Fairchild Capital Group Director Current
Flow International Corporation Director Current
Arthur D. Little, Inc. Chief Executive Officer Former
Wing Group Chief Executive Officer Former
Wing Group President Former
Arthur D. Little, Inc. President Former
GE Aerospace Vice President Former
GE Aerospace General Manager Former
Wing Group Managing Director Former
Synthesis Energy Systems Inc Chairman Current
Yale University M.S. In Chemical Engineering Former
Yale University B.S. In Chemical Engineering and Administrative Sciences Former

Organization Position Status
Martin Midstream Partners LP Corporate Director and Consultant Current
Linux Gold Corp Corporate Director and Consultant Current
Integrateir Corporate Director and Consultant Current
Linux Gold Corp Board of Directors Current
Flow International Corporation Director Current
Martin Midstream Partners LP Board of Directors Current
Integrateir Board of Directors Current

Executive News

  • Flow International Announces Fiscal 2010 First Quarter Results

    The Auto Channel - 9/09/09 - View Story

  • New Book by Scott Oki Offers Foundational Ideas for Truly Reforming Public Education

    Business Wire - 9/08/09 - View Story

  • Flow International posts fiscal 1st-quarter loss

    CNBC - 9/08/09 - View Story

  • Flow International Announces Fiscal 2010 First Quarter Results

    PR Newswire via Yahoo! - 9/08/09 - View Story

  • Flow Intl. Touts +$5M Aerospace Contract

    American Machinist - 8/19/09 - View Story

  • Synthesis Energy Systems President and CEO Robert Rigdon Appointed to Company Board of Directors

    Electric Energy Online - 8/18/09 - View Story

  • Synthesis Energy Systems President and CEO Robert Rigdon Appointed to Company Board of Directors

    Yahoo! Canada - 8/18/09 - View Story

  • Flow International Corporation Receives Multi-Million Dollar Aerospace Contract and...

    Reuters - 8/13/09 - View Story

  • Flow International Corporation Receives Multi-Million Dollar Aerospace Contract and Comments on First Quarter Expected Results

    PR Newswire - 8/13/09 - View Story

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     FLOW $2.90 -0.10 (-3.33% )
Average Volume 236,222
Shares Outstanding 46.88M
Market Cap 136.0M
Year High 3.25
Year Low 1.05
Earnings Per Share -0.84
P/E Ratio -3.45
Dividend N/A
Yield N/A
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