Flowserve Corporation (FLS) Income Statement Analysis

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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)

Industry: Industrial - Machinery

Sector: Industrials

Website: https://www.flowserve.com

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

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DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares...

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