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Flowserve (FLS)

Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

Company profile

Ticker
FLS
Exchange
CEO
R. Scott Rowe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DURCO INTERNATIONAL INC, DURIRON CO INC
SEC CIK
Subsidiaries
ARABIAN SEALS COMPANY, LTD. • AUDCO ITALIANA S.R.L. • AUDCO LIMITED • BW/IP NEW MEXICO, INC. • CALDER GMBH • FLOWCOM INSURANCE COMPANY, INC. • FLOWSERVE - AL MANSOORI SERVICES COMPANY LTD. • FLOWSERVE - AL RUSHAID COMPANY LTD • FLOWSERVE (AUSTRIA) GMBH • FLOWSERVE (MAURITIUS) CORPORATION ...
IRS number
310267900

FLS stock data

Calendar

27 Jul 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 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) 458.35M 458.35M 458.35M 458.35M 458.35M 458.35M
Cash burn (monthly) 39.15M 14.34M (no burn) (no burn) 14.86M (no burn)
Cash used (since last report) 52.5M 19.23M n/a n/a 19.93M n/a
Cash remaining 405.84M 439.12M n/a n/a 438.41M n/a
Runway (months of cash) 10.4 30.6 n/a n/a 29.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Carlyn R. Taylor Phantom Stock Common Stock Grant Acquire A No No 33.6 856 28.76K 14,445
17 May 22 Carlyn R. Taylor Phantom Stock Common Stock Grant Acquire A No No 31.28 920 28.78K 13,589
15 May 22 Kirk Wilson Common Stock Payment of exercise Dispose F No No 29.85 278 8.3K 47,798
15 May 22 Kirk Wilson Common Stock Option exercise Acquire M No No 0 278 0 48,076
15 May 22 Kirk Wilson Performance Rights Common Stock Option exercise Dispose M No No 29.85 278 8.3K 25,823
13 May 22 Gayla J Delly Common Stock Grant Acquire A No No 29.12 5,151 150K 13,934
95.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 267 282 -5.3%
Opened positions 50 54 -7.4%
Closed positions 65 50 +30.0%
Increased positions 83 96 -13.5%
Reduced positions 89 86 +3.5%
13F shares Current Prev Q Change
Total value 4.45B 3.69B +20.6%
Total shares 124.29M 120.22M +3.4%
Total puts 26.9K 125K -78.5%
Total calls 42.9K 39.9K +7.5%
Total put/call ratio 0.6 3.1 -80.0%
Largest owners Shares Value Change
Vanguard 12.42M $445.7M +0.5%
BLK Blackrock 10.79M $387.49M +0.8%
First Eagle Investment Management 10.78M $386.99M -0.1%
EdgePoint Investment 8.88M $318.7M -19.1%
Harris Associates L P 6.89M $247.51M +5.9%
FMR 6.33M $227.2M +25.3%
Beutel, Goodman & Co 6.31M $226.47M +2.8%
Nordea Investment Management Ab 5.11M $182.25M NEW
Wellington Management 4.56M $163.84M NEW
STT State Street 3.55M $128.29M +5.0%
Largest transactions Shares Bought/sold Change
Nordea Investment Management Ab 5.11M +5.11M NEW
IVZ Invesco 284.39K -4.96M -94.6%
Wellington Management 4.56M +4.56M NEW
Millennium Management 143.17K -2.14M -93.7%
EdgePoint Investment 8.88M -2.1M -19.1%
Caisse De Depot Et Placement Du Quebec 2.52M -1.99M -44.1%
Massachusetts Financial Services 1.61M +1.61M NEW
BEN Franklin Resources 0 -1.5M EXIT
Deprince Race & Zollo 2.87M +1.45M +102.1%
ANTIPODES PARTNERS 1.31M +1.31M NEW

Financial report summary

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Risks
  • Our business depends on our customers’ levels of capital investment and maintenance expenditures, which in turn are affected by numerous factors, including changes in the state of domestic and global economies, global energy demand and the liquidity cyclicality and condition of global credit and capital markets, which have impacted and which could continue to impact the ability or willingness of our customers to invest in our products and services and adversely affect our financial condition, results of operations and cash flow.
  • Volatility in commodity prices, effects from credit and capital market conditions and global economic growth forecasts have in the past prompted and may in the future prompt customers to delay or cancel existing orders, which could adversely affect the viability of our backlog and could impede our ability to realize revenues on our backlog.
  • Our inability to deliver our backlog on time could affect our revenues, future sales and profitability and our relationships with customers.
  • Failure to successfully execute and realize the expected financial benefits from our transformation and strategic realignment and other cost-saving initiatives could adversely affect our business.
  • We sell our products in highly competitive markets, which results in pressure on our profit margins and limits our ability to maintain or increase the market share of our products.
  • Failure to successfully develop and introduce new products could limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow.
  • Our inability to obtain raw materials at favorable prices may adversely affect our operating margins and results of operations.
  • The outbreak and global spread of the novel coronavirus (COVID-19), or variants thereof, are continuing to have an adverse impact on our operations and financial performance, as well as on the operations and financial performance of many of our customers and suppliers. We are unable to predict the full extent to which the COVID-19 pandemic will continue to adversely impact our operations, financial performance, results of operations, financial condition, cash flows and/or stock price.
  • Our business may be adversely impacted by work stoppages and other labor matters.
  • Our growth strategy depends on our ability to continue to expand our market presence through acquisitions, and any future acquisitions may present unforeseen integration difficulties or costs which could materially affect our business.
  • A significant data breach or disruption to our information technology infrastructure could materially adversely affect our business operations.
  • Economic, political and other risks associated with international operations could adversely affect our business.
  • We might be adversely impacted by the Brexit withdrawal of the United Kingdom’s exit from the European Union.
  • Implementation of new tariffs and changes to or uncertainties related to tariffs and trade agreements could adversely affect our business.
  • Our international operations expose us to fluctuations in foreign currency exchange rates which could adversely affect our business.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery laws and regulations.
  • Our operations are subject to a variety of complex and continually changing laws, regulations and policies, both internationally and domestically, which could adversely affect our business.
  • We are exposed to certain regulatory and financial risks related to climate change, which could adversely affect our financial condition, results of operations and cash flows.
  • We are party to asbestos-containing product litigation that could adversely affect our financial condition, results of operations and cash flows.
  • Inability to protect our intellectual property could negatively affect our competitive position.
  • Increased costs as a result of product liability and warranty claims could adversely affect our financial condition, results of operations and cash flows.
  • Significant changes in pension fund investment performance or assumptions changes may have a material effect on the valuation of our obligations under our defined benefit pension plans, the funded status of these plans and our pension expense.
  • The recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could adversely affect our operating results.
  • Our outstanding indebtedness and the restrictive covenants in the agreements governing our indebtedness limit our operating and financial flexibility.
  • Goodwill impairment could negatively impact our net income and shareholders' equity.
  • The failure to maintain effective internal controls could impact the accuracy and timely reporting of our business and financial results.
  • We depend on key personnel, the loss of whom would harm our business.
  • Changes in accounting principles and guidance could result in unfavorable accounting charges or effects.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: BEAT, Chinese, evidence, forint, Hungarian, inflationary, reach, reevaluated, release, ruble, undistributed, view, yuan
Removed: approach, Mexican, peso