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SPX FLOW (FLOW)

Based in Charlotte, N.C., SPX FLOW, Inc. improves the world through innovative and sustainable solutions. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of nutrition, health and industrial markets. SPX FLOW had approximately $1.4 billion in 2020 annual revenues and has operations in more than 30 countries and sales in more than 140 countries.

Company profile

Ticker
FLOW
Exchange
Website
CEO
Marcus Michael
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
APV Middle East Limited • APV Overseas Holdings Limited • Ballantyne Holding Company • Ballantyne Holding Mauritius Ltd. • Corporate Place, LLC • Delaney Holdings, Co. • Flow Power & Energy • Invensys Philippines, Inc. • Johnston Ballantyne Holdings Limited • Mixing Solutions Limited ...

FLOW stock data

Calendar

4 Apr 22
12 Aug 22
31 Dec 22
Quarter (USD) Dec 21 Oct 21 Jul 21 Apr 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 313.9M 313.9M 313.9M 313.9M 313.9M 313.9M
Cash burn (monthly) (no burn) 10.64M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 78.8M n/a n/a n/a n/a
Cash remaining n/a 235.1M n/a n/a n/a n/a
Runway (months of cash) n/a 22.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Apr 22 Kevin Eamigh Common Stock Sale back to company Dispose D Yes No 86.5 1,220 105.53K 0
5 Apr 22 Kevin Eamigh Common Stock Sale back to company Dispose D No No 86.5 14,719 1.27M 0
5 Apr 22 Kevin Eamigh Common Stock Other Dispose J No No 0 28,243 0 14,719
5 Apr 22 Kevin Eamigh RSU Common Stock Sale back to company Dispose D No No 0 2,073 0 0
5 Apr 22 Kevin Eamigh RSU Common Stock Sale back to company Dispose D No No 0 2,207 0 0
5 Apr 22 Rowland Suzanne B Common Stock Sale back to company Dispose D No No 0 11,194 0 0
5 Apr 22 Jaime Manson Easley Common Stock Sale back to company Dispose D Yes No 86.5 1,256 108.64K 0
5 Apr 22 Jaime Manson Easley Common Stock Sale back to company Dispose D No No 86.5 8,497 734.99K 0
5 Apr 22 Jaime Manson Easley Common Stock Other Dispose J No No 0 15,029 0 8,497
5 Apr 22 Jaime Manson Easley RSU Common Stock Sale back to company Dispose D No No 0 2,764 0 0

Financial report summary

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Risks
  • Failure to successfully complete the Merger with Merger Sub announced on December 13, 2021 could have a negative impact on the results of our operations or our stock price.
  • Provisions in our corporate documents and Delaware law may delay or prevent a change in control of our company, and accordingly, we may not consummate a transaction that our shareholders consider favorable.
  • We have been and continue to be negatively impacted by the COVID-19 pandemic and its related impacts to our employees, operations, customers and suppliers.
  • Many of the markets in which we operate are cyclical or are subject to industry events, and our results have been and could be affected as a result.
  • Our business depends on capital investment and maintenance expenditures by our customers.
  • Our customers could be impacted by commodity availability and price fluctuations.
  • Our future restructuring activities could result in additional costs and operational difficulties which may affect our business.
  • The price and availability of raw materials may adversely affect our business.
  • Cost overruns, delays, penalties or liquidated damages could negatively impact our results, particularly with respect to long-term fixed-price contracts.
  • The loss of key personnel and an inability to attract and retain qualified employees could have a material adverse effect on our operations.
  • We operate in highly competitive markets. Our failure to compete effectively could harm our business.
  • Our strategy to outsource various elements of the products and services we sell subjects us to the business risks of our suppliers and subcontractors, which could have a material adverse impact on our operations.
  • Credit and counterparty risks could harm our business.
  • Failure to protect or unauthorized use of our intellectual property may harm our business.
  • If we are unable to protect our information systems against data corruption, cyber-based attacks or network security breaches, our operations could be disrupted.
  • We are subject to potential labor disputes, extreme weather conditions and natural and other disasters, which may adversely impact our operations and cause us to incur incremental costs.
  • Our technology is important to our success, and failure to develop new products may result in a significant competitive disadvantage.
  • Our current and planned products may contain defects or errors that are detected only after delivery to customers. If that occurs, our reputation may be harmed and we may face additional costs.
  • Difficulties presented by international economic, political, legal, accounting and business factors could negatively affect our business.
  • Currency conversion risk could have a material impact on our reported results of business operations.
  • Failure to comply with the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act or other applicable anti-bribery laws could have an adverse effect on our business.
  • Acquisitions involve a number of risks and present financial, managerial and operational challenges.
  • Our failure to successfully complete acquisitions could negatively affect us.
  • We may not achieve the expected cost savings and other benefits of our acquisitions.
  • If the fair value of any of our reporting units is insufficient to recover the carrying value of the goodwill and other intangibles of the respective reporting unit, a material non-cash charge to earnings could result.
  • Changes in tax laws and regulations or other factors could cause our income tax rate to increase, potentially reducing our earnings and adversely affecting our cash flows.
  • We are subject to laws, regulations and potential liability relating to claims, complaints and proceedings, including those relating to environmental and other matters.
  • Climate change and legal or regulatory responses thereto may have an adverse impact on our business and results of operations.
  • Our indebtedness may affect our business and may restrict our operating flexibility.
  • We may not be able to finance future needs or adapt our business plan to react to changes in economic or business conditions because of restrictions placed on us by our senior credit facilities and any existing or future instruments governing our other indebtedness.
  • Increases in the number of shares of our outstanding common stock could adversely affect our common stock price or dilute our earnings per share.
  • In connection with our Spin-Off, our Former Parent agreed to indemnify us for certain liabilities and we agreed to indemnify our Former Parent for certain liabilities. If we are required to act on these indemnities to our Former Parent, we may need to divert cash to meet those obligations and our financial results could be negatively impacted. The indemnity from our Former Parent may not be sufficient to insure us against the full amount of liabilities for which we will be allocated responsibility, and our Former Parent may not be able to satisfy its indemnification obligations in the future.
  • A court could require that we assume responsibility for obligations allocated to our Former Parent under the Separation and Distribution Agreement.
  • We are subject to continuing contingent tax liabilities of our Former Parent.
Management Discussion
  • Revenues - For 2021, the increase in revenues, compared to 2020, was driven primarily by (i) an increase in organic revenue and, to a lesser extent, (ii) revenues associated with businesses acquired in the third quarter of 2020 and first and second quarters of 2021 and (iii) the weakening of the U.S. dollar against various foreign currencies during the period. The increase in organic revenue was driven primarily by higher volumes of revenue from (i) Nutrition and Health segment components and aftermarket products and, to a lesser extent, systems, and (ii) broad-based strengthening across most short-cycle Precision Solutions segment product lines, attributable primarily to increased demand due to reduced adverse effects of the COVID-19 pandemic.

Content analysis

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