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Complete financial analysis of Flowserve Corporation (FLS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flowserve Corporation, a leading company in the Industrial – Machinery industry within the Industrials sector.
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Flowserve Corporation (FLS)
About Flowserve Corporation
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and fluids. The company primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.32B | 3.62B | 3.54B | 3.73B | 3.94B | 3.83B | 3.66B | 3.99B | 4.56B | 4.88B | 4.95B | 4.75B | 4.51B | 4.03B | 4.37B | 4.47B | 3.76B | 3.06B | 2.70B | 2.64B | 2.40B | 2.25B | 1.92B | 1.54B | 1.06B | 1.08B | 1.15B | 605.45M | 532.73M | 345.39M | 313.90M | 300.40M | 296.50M | 296.80M | 281.00M | 230.90M | 182.10M | 144.30M | 146.00M |
| Cost of Revenue | 3.02B | 2.62B | 2.49B | 2.61B | 2.65B | 2.64B | 2.58B | 2.76B | 3.07B | 3.16B | 3.27B | 3.17B | 3.00B | 2.62B | 2.82B | 2.89B | 2.51B | 2.05B | 1.83B | 1.86B | 1.68B | 1.57B | 1.30B | 974.34M | 658.30M | 628.50M | 664.30M | 361.35M | 317.31M | 217.25M | 184.00M | 177.10M | 174.10M | 173.40M | 168.80M | 134.30M | 110.70M | 93.30M | 91.40M |
| Gross Profit | 1.30B | 994.30M | 1.05B | 1.12B | 1.30B | 1.19B | 1.09B | 1.23B | 1.49B | 1.71B | 1.69B | 1.58B | 1.51B | 1.41B | 1.55B | 1.58B | 1.25B | 1.01B | 861.83M | 778.82M | 722.42M | 685.53M | 614.55M | 563.95M | 403.00M | 454.60M | 487.90M | 244.10M | 215.42M | 128.14M | 129.90M | 123.30M | 122.40M | 123.40M | 112.20M | 96.60M | 71.40M | 51.00M | 54.60M |
| Gross Profit Ratio | 30.04% | 27.50% | 29.64% | 29.96% | 32.84% | 30.99% | 29.65% | 30.85% | 32.61% | 35.15% | 34.07% | 33.27% | 33.56% | 34.96% | 35.46% | 35.33% | 33.16% | 32.91% | 31.98% | 29.52% | 30.05% | 30.45% | 32.05% | 36.66% | 37.97% | 41.97% | 42.35% | 40.32% | 40.44% | 37.10% | 41.38% | 41.05% | 41.28% | 41.58% | 39.93% | 41.84% | 39.21% | 35.34% | 37.40% |
| Research & Development | 48.70M | 39.90M | 34.20M | 36.10M | 42.00M | 39.60M | 38.60M | 42.80M | 45.90M | 40.90M | 37.80M | 38.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 24.80M | 25.60M | 26.40M | 26.90M | 15.48M | 14.97M | 9.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 943.71M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 961.17M | 815.55M | 797.08M | 878.25M | 899.81M | 943.71M | 903.86M | 965.32M | 971.61M | 936.90M | 966.83M | 922.13M | 914.08M | 844.99M | 934.45M | 984.40M | 856.50M | 782.50M | 671.74M | 623.04M | 539.78M | 476.92M | 410.56M | 335.51M | 275.90M | 265.60M | 285.90M | 147.22M | 137.35M | 85.35M | 88.10M | 81.40M | 78.40M | 74.10M | 67.50M | 57.50M | 48.80M | 39.00M | 37.00M |
| Other Expenses | -45.58M | -559.00K | -36.14M | -10.25M | -17.62M | -19.57M | -16.11M | 3.30M | -40.17M | 2.00M | -14.28M | -21.65M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 964.29M | 815.55M | 797.08M | 878.25M | 899.81M | 943.71M | 903.86M | 965.32M | 971.61M | 936.90M | 966.83M | 922.13M | 894.97M | 844.99M | 934.45M | 984.40M | 837.81M | 767.68M | 671.74M | 623.04M | 559.55M | 493.10M | 410.56M | 417.34M | 341.10M | 331.30M | 351.80M | 169.25M | 152.15M | 96.86M | 99.90M | 93.20M | 88.30M | 83.00M | 75.10M | 65.20M | 56.10M | 44.90M | 42.90M |
| Cost & Expenses | 3.99B | 3.44B | 3.29B | 3.49B | 3.55B | 3.59B | 3.48B | 3.73B | 4.05B | 4.10B | 4.23B | 4.09B | 3.89B | 3.47B | 3.75B | 3.88B | 3.35B | 2.82B | 2.51B | 2.48B | 2.24B | 2.06B | 1.71B | 1.39B | 999.40M | 959.80M | 1.02B | 530.60M | 469.45M | 314.10M | 283.90M | 270.30M | 262.40M | 256.40M | 243.90M | 199.50M | 166.80M | 138.20M | 134.30M |
| Interest Income | 6.99M | 3.96M | 2.76M | 4.18M | 8.41M | 6.47M | 3.43M | 2.80M | 2.07M | 1.68M | 1.43M | 954.00K | 1.58M | 1.58M | 3.25M | 8.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 66.92M | 46.25M | 57.62M | 57.39M | 54.98M | 58.16M | 59.73M | 60.14M | 65.27M | 60.32M | 54.41M | 43.52M | 36.18M | 34.30M | 40.01M | 51.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 83.75M | 90.95M | 99.82M | 100.75M | 105.90M | 112.47M | 118.45M | 116.75M | 127.09M | 110.28M | 106.39M | 107.23M | 104.82M | 101.29M | 95.45M | 81.44M | 79.46M | 72.71M | 73.48M | 78.21M | 77.59M | 70.46M | 80.59M | 57.04M | 39.60M | 39.30M | 39.00M | 20.09M | 19.09M | 14.02M | -11.80M | -11.80M | -9.90M | -8.90M | -7.60M | 7.70M | 7.30M | 5.90M | 5.90M |
| EBITDA | 374.42M | 291.58M | 385.19M | 351.06M | 501.12M | 372.46M | 325.97M | 389.80M | 631.89M | 870.15M | 838.36M | 762.31M | 728.76M | 665.87M | 720.05M | 721.13M | 409.92M | 239.62M | 272.31M | 244.28M | 248.64M | 254.52M | 209.75M | 203.64M | 101.50M | 162.60M | 175.10M | 100.72M | 82.37M | 45.30M | 41.50M | 41.90M | 44.00M | 49.30M | 45.50M | 41.60M | 23.00M | 12.70M | 17.50M |
| EBITDA Ratio | 8.67% | 8.07% | 9.47% | 9.25% | 12.71% | 9.25% | 8.19% | 10.03% | 13.47% | 18.53% | 17.23% | 16.04% | 16.08% | 16.56% | 16.32% | 15.71% | 12.85% | 10.02% | 11.12% | 9.52% | 11.19% | 12.73% | 17.99% | 16.69% | 12.21% | 18.43% | 18.06% | 16.63% | 16.41% | 13.12% | 13.22% | 16.15% | 14.84% | 17.79% | 16.19% | 18.02% | 12.63% | 8.80% | 11.99% |
| Operating Income | 333.55M | 197.22M | 270.76M | 250.28M | 406.04M | 247.54M | 335.42M | 277.46M | 525.57M | 789.83M | 760.28M | 675.78M | 618.68M | 581.35M | 629.52M | 612.87M | 409.92M | 239.62M | 190.09M | 155.78M | 159.99M | 188.08M | 142.15M | 146.61M | 61.90M | 123.30M | 136.10M | 69.07M | 58.23M | 31.28M | 53.30M | 60.30M | 53.90M | 61.70M | 53.10M | 33.90M | 15.70M | 6.80M | 11.60M |
| Operating Income Ratio | 7.72% | 5.46% | 7.65% | 6.71% | 10.29% | 6.46% | 9.16% | 6.95% | 11.52% | 16.19% | 15.34% | 14.22% | 13.72% | 14.42% | 14.42% | 13.70% | 10.89% | 7.83% | 7.05% | 5.90% | 6.65% | 8.35% | 7.41% | 9.53% | 5.83% | 11.38% | 11.81% | 11.41% | 10.93% | 9.06% | 16.98% | 20.07% | 18.18% | 20.79% | 18.90% | 14.68% | 8.62% | 4.71% | 7.95% |
| Total Other Income/Expenses | -109.80M | -42.84M | -137.17M | -47.99M | -64.19M | -51.43M | -78.13M | -63.77M | -102.30M | -56.64M | -67.26M | -64.21M | -30.92M | -51.08M | -44.73M | -22.74M | -49.85M | -52.34M | -106.82M | -84.93M | -79.72M | -107.41M | -153.23M | -123.42M | -43.60M | -50.10M | -46.30M | -4.87M | -8.11M | -4.35M | -3.60M | -9.50M | -22.80M | -7.00M | -4.80M | -6.70M | -4.30M | -2.40M | -1.70M |
| Income Before Tax | 223.75M | 154.38M | 133.59M | 186.81M | 341.85M | 176.27M | 263.01M | 223.42M | 422.20M | 733.19M | 693.02M | 611.57M | 587.76M | 530.28M | 584.79M | 590.13M | 360.07M | 187.28M | -83.27M | 59.62M | 73.84M | 92.07M | 25.63M | 23.18M | 18.30M | 73.20M | 89.80M | 64.15M | 50.12M | 26.94M | 26.40M | 20.60M | 31.10M | 33.40M | 32.30M | 24.70M | 11.00M | 3.70M | 10.00M |
| Income Before Tax Ratio | 5.18% | 4.27% | 3.77% | 5.01% | 8.67% | 4.60% | 7.18% | 5.60% | 9.26% | 15.03% | 13.99% | 12.87% | 13.03% | 13.15% | 13.40% | 13.19% | 9.57% | 6.12% | -3.09% | 2.26% | 3.07% | 4.09% | 1.34% | 1.51% | 1.72% | 6.76% | 7.79% | 10.60% | 9.41% | 7.80% | 8.41% | 6.86% | 10.49% | 11.25% | 11.49% | 10.70% | 6.04% | 2.56% | 6.85% |
| Income Tax Expense | 18.56M | -43.64M | -2.59M | 60.03M | 80.07M | 51.22M | 258.68M | 75.29M | 148.92M | 208.31M | 204.70M | 160.77M | 158.52M | 141.60M | 156.46M | 147.72M | 104.29M | 73.24M | 37.09M | 39.47M | 20.95M | 31.67M | 9.28M | 7.88M | 6.10M | 25.50M | 38.20M | 20.90M | 19.45M | 9.78M | 9.90M | 7.40M | 11.50M | 12.50M | 12.60M | 9.70M | 4.80M | 1.70M | 4.10M |
| Net Income | 186.74M | 188.69M | 125.95M | 130.42M | 253.67M | 119.67M | 2.65M | 145.06M | 267.67M | 518.82M | 485.53M | 448.34M | 428.58M | 388.29M | 427.89M | 442.41M | 255.77M | 115.03M | 11.84M | 24.20M | 98.31M | 53.03M | -1.50M | 13.24M | 12.20M | 48.90M | 51.60M | 43.25M | 30.67M | 17.16M | 16.10M | -7.90M | 19.60M | 20.90M | 19.70M | 15.00M | 6.20M | 2.00M | 5.90M |
| Net Income Ratio | 4.32% | 5.22% | 3.56% | 3.50% | 6.43% | 3.12% | 0.07% | 3.63% | 5.87% | 10.64% | 9.80% | 9.44% | 9.50% | 9.63% | 9.80% | 9.89% | 6.80% | 3.76% | 0.44% | 0.92% | 4.09% | 2.36% | -0.08% | 0.86% | 1.15% | 4.51% | 4.48% | 7.14% | 5.76% | 4.97% | 5.13% | -2.63% | 6.61% | 7.04% | 7.01% | 6.50% | 3.40% | 1.39% | 4.04% |
| EPS | 1.42 | 1.44 | 0.97 | 1.00 | 1.82 | 0.91 | 0.02 | 1.02 | 1.94 | 3.75 | 3.43 | 2.86 | 2.57 | 2.32 | 2.55 | 2.61 | 1.51 | 0.69 | 0.10 | 0.16 | 0.27 | 0.16 | -0.01 | 0.12 | 0.11 | 0.41 | 0.42 | 0.59 | 0.41 | 0.30 | 0.19 | -0.14 | 0.23 | 0.25 | 0.23 | 0.13 | 0.06 | 0.02 | 0.06 |
| EPS Diluted | 1.42 | 1.44 | 0.96 | 1.00 | 1.81 | 0.91 | 0.02 | 1.01 | 1.93 | 3.72 | 3.41 | 2.84 | 2.55 | 2.29 | 2.53 | 2.58 | 1.49 | 0.67 | 0.10 | 0.16 | 0.27 | 0.16 | -0.01 | 0.12 | 0.11 | 0.41 | 0.42 | 0.59 | 0.41 | 0.30 | 0.19 | -0.14 | 0.23 | 0.25 | 0.23 | 0.13 | 0.06 | 0.02 | 0.06 |
| Weighted Avg Shares Out | 131.51M | 130.63M | 130.31M | 130.40M | 131.03M | 130.82M | 130.57M | 130.43M | 133.07M | 136.91M | 141.60M | 156.85M | 166.63M | 167.29M | 167.52M | 169.80M | 169.39M | 167.52M | 165.23M | 165.21M | 165.41M | 152.36M | 113.74M | 113.53M | 113.57M | 119.69M | 122.69M | 73.39M | 74.21M | 57.44M | 56.83M | 56.66M | 56.46M | 55.98M | 55.87M | 53.25M | 47.24M | 46.92M | 46.91M |
| Weighted Avg Shares Out (Dil) | 131.93M | 131.32M | 130.86M | 131.05M | 131.72M | 131.27M | 131.18M | 130.98M | 133.81M | 137.84M | 142.43M | 157.97M | 168.31M | 169.25M | 169.09M | 171.54M | 172.05M | 170.84M | 170.74M | 166.95M | 165.41M | 152.36M | 115.40M | 113.53M | 113.57M | 121.46M | 122.77M | 73.39M | 74.21M | 57.44M | 56.83M | 56.66M | 56.46M | 55.98M | 55.87M | 53.25M | 47.24M | 46.92M | 46.91M |
Flowserve Stock Gains From Business Strength Despite Headwinds
FLS benefits from strength across its original equipment and aftermarket businesses, solid bookings and shareholder-friendly policies. However, rising costs and expenses remain concerning.
Flowserve: The Case For Picks And Shovels
Flowserve is yet another good example of why index exclusions tend to outperform index inclusions. Although the stock has skyrocketed over the past two years, the long-term opportunity has not been diminished. I show why the company is well-positioned to...
Flowserve Announces Upcoming Investor Events
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, announced today its participation in the following upcoming investor events: On November 7, Flowserve will host an...
Flowserve Corporation (FLS) Q3 2024 Earnings Call Transcript
Flowserve Corporation (NYSE:FLS ) Q3 2024 Results Conference Call October 29, 2024 10:00 AM ET Company Participants Brian Ezzell - VP, IR, Treasurer and Corporate Finance Scott Rowe - President and Chief Executive Officer Amy Schwetz - Senior Vice President...
Flowserve's Q3 Earnings Miss Estimates, Revenues Increase Y/Y
FLS' third-quarter 2024 revenues increase 3.5% year over year, driven by the impressive performance of its Flowserve Pumps Division and Flow Control Division units.
Flowserve (FLS) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Flowserve (FLS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Flowserve (FLS) Misses Q3 Earnings Estimates
Flowserve (FLS) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.50 per share a year ago.
Flowserve Corporation Reports Third Quarter 2024 Results; Reaffirms 2024 Adjusted EPS Guidance
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights...
Here's Why Flowserve (FLS) is a Strong Growth Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Curious about Flowserve (FLS) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Flowserve (FLS) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Source: https://incomestatements.info
Category: Stock Reports