Flowserve Corporation revenue was $3.54 b in FY, 2021
Flowserve Corporation revenue breakdown by business segment: 69.7% from Flowserve Pump Division and 30.3% from Flow Control Division
Flowserve Corporation revenue breakdown by geographic segment: 35.9% from EMA, 38.9% from United States, 15.7% from Asia and 9.5% from Other
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Revenue | 3.9b | 3.7b | 3.5b |
Revenue growth, % | 3% | (5%) | |
Cost of goods sold | 2.6b | 2.6b | 2.5b |
Gross profit | 1.3b | 1.1m | 1.0b |
Gross profit Margin, % | 33% | 0% | 30% |
General and administrative expense | 899.8m | 878.2m | 797.1m |
Operating expense total | 889.3m | 878.2m | 797.1m |
EBIT | 406.0m | 250.3m | 270.8m |
EBIT margin, % | 10% | 7% | 8% |
Interest expense | 55.0m | 57.4m | 57.6m |
Interest income | 8.4m | 4.2m | 2.8m |
Pre tax profit | 341.9m | 186.8m | 133.6m |
Income tax expense | 80.1m | 60.0m | 2.6m |
Net Income | 261.8m | 126.8m | 125.9m |
EPS | 1.9 | 0.9 | 1.0 |
USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|
Revenue | 894.5m | 925.0m | 924.3m | 857.3m | 898.2m | 866.1m | 821.1m |
Cost of goods sold | 628.5m | 657.8m | 639.1m | 606.4m | 619.9m | 612.6m | 611.4m |
Gross profit | 266.0m | 267.2m | 285.2m | 250.9m | 278.2m | 253.5m | 209.6m |
Gross profit Margin, % | 30% | 29% | 31% | 29% | 31% | 29% | 26% |
General and administrative expense | 243.6m | 227.4m | 200.7m | 198.3m | 210.8m | 200.9m | 206.1m |
Operating expense total | 240.4m | 227.4m | 200.7m | 198.3m | 210.8m | 200.9m | 206.1m |
EBIT | 25.6m | 42.9m | 87.3m | 56.1m | 72.2m | 57.4m | 7.4m |
EBIT margin, % | 3% | 5% | 9% | 7% | 8% | 7% | 1% |
Interest expense | 13.0m | 12.9m | 14.7m | 16.8m | 14.3m | 14.7m | 10.7m |
Interest income | 1.7m | 1.1m | 673.0k | 602.0k | 465.0m | 827.0k | 943.0k |
Pre tax profit | 37.8m | 16.2m | 72.3m | 21.0m | 50.5m | 41.4m | (10.5m) |
Income tax expense | 36.3m | 5.4m | 18.7m | 3.8m | 2.7m | 10.4m | 3.2m |
Net Income | 1.5m | 10.8m | 53.7m | 17.2m | 47.7m | 49.8m | (15.8m) |
EPS | 0.1 | 0.4 | 0.1 | 0.4 | 0.4 | (0.1) |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Cash | 671.0m | 1.1b | 658.5m |
Accounts Receivable | 795.5m | 753.5m | 739.2m |
Prepaid Expenses | 105.1m | 110.6m | 117.1m |
Inventories | 660.8m | 667.2m | 678.3m |
Current Assets | 2.5b | 2.9b | 2.4b |
PP&E | 572.2m | 556.9m | 515.9m |
Goodwill | 1.2b | 1.2b | 1.2b |
Total Assets | 4.9b | 5.3b | 4.7b |
Accounts Payable | 447.6m | 440.2m | 410.1m |
Short-term debt | 11.3m | 44.0m | 73.7m |
Current Liabilities | 1.1b | 1.1b | 1.1b |
Long-term debt | 1.5b | 1.9b | 1.4b |
Total Debt | 1.5b | 1.9b | 1.5b |
Total Liabilities | 3.1b | 3.6b | 2.9b |
Common Stock | 221.0m | 221.0m | 221.0m |
Additional Paid-in Capital | 501.0m | 502.2m | 506.4m |
Retained Earnings | 3.7b | 3.7b | 3.7b |
Total Equity | 1.8b | 1.8b | 1.8b |
Debt to Equity Ratio | 0.8 x | 1.1 x | 0.8 x |
Debt to Assets Ratio | 0.3 x | 0.4 x | 0.3 x |
Financial Leverage | 2.7 x | 3 x | 2.6 x |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Net Income | 261.8m | 126.8m | 136.2m |
Depreciation and Amortization | 104.5m | 100.8m | 99.8m |
Accounts Receivable | 2.9m | 45.6m | (8.7m) |
Inventories | (31.1m) | 15.3m | (32.1m) |
Accounts Payable | 22.9m | (22.6m) | (19.5m) |
Cash From Operating Activities | 312.7m | 310.5m | 250.1m |
Capital Expenditures | (66.2m) | (57.4m) | (54.9m) |
Cash From Investing Activities | (23.8m) | (41.7m) | (59.5m) |
Short-term Borrowings | (75.0m) | ||
Long-term Borrowings | (114.3m) | (205.6m) | (1.3b) |
Dividends Paid | (99.6m) | (104.2m) | (104.6m) |
Cash From Financing Activities | (229.7m) | 147.6m | (599.7m) |
Net Change in Cash | 51.3m | 424.3m | (436.8m) |
Interest Paid | 53.6m | 57.0m | 72.2m |
Income Taxes Paid | 66.4m | 75.3m | 65.6m |
Free Cash Flow | 195.2m |
USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|
Net Income | 1.5m | 12.3m | 66.3m | 17.2m | 64.9m | 116.7m | (13.7m) |
Depreciation and Amortization | 25.3m | 49.5m | 72.7m | 25.4m | 51.9m | 77.0m | 23.5m |
Accounts Receivable | 19.1m | 858.0k | 24.3m | 9.0m | 14.3m | 24.4m | 5.0m |
Inventories | (43.2m) | (36.6m) | (52.0m) | (17.0m) | (30.8m) | (47.5m) | (48.7m) |
Accounts Payable | (7.9m) | (9.1m) | (21.8m) | (47.1m) | (41.1m) | (58.6m) | 8.2m |
Cash From Operating Activities | 47.3m | 21.2m | 115.6m | 36.4m | 61.3m | 151.1m | 26.8m |
Capital Expenditures | (17.3m) | (32.0m) | (47.9m) | (11.4m) | (22.5m) | (34.0m) | (14.1m) |
Cash From Investing Activities | (6.6m) | (21.2m) | 34.2m | (9.5m) | (23.8m) | (38.7m) | (12.2m) |
Long-term Borrowings | (3.4m) | (2.5m) | (201.6m) | (407.5m) | (407.5m) | (412.9m) | (7.6m) |
Dividends Paid | (26.0m) | (52.1m) | (78.1m) | (26.5m) | (52.2m) | (78.6m) | (26.1m) |
Cash From Financing Activities | (63.9m) | (91.9m) | 179.0m | (449.9m) | (491.1m) | 272.3m | (38.4m) |
Net Change in Cash | (48.7m) | (109.3m) | 250.2m | (436.0m) | (464.9m) | 362.0m | (82.7m) |
Free Cash Flow | 117.1m | 12.7m |
USD | FY, 2019 |
---|---|
EV/EBIT | 18.1 x |
EV/CFO | 23.5 x |
Revenue/Employee | 232.1k |
Debt/Equity | 0.8 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.7 x |
P/E Ratio | 25.8 |
Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | FY, 2021 | Q1, 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Bookings | $1.07 b | $1.11 b | $1.02 b | $4.2 b | $976.9 m | $808.3 m | $806.1 m | $3.41 b | $945 m | $952.8 m | $911.6 m | $3.77 b | $1.09 b |
Backlog | $2.07 b | $2.16 b | $2.14 b | $2.16 b | $894.5 m | $1.85 b | $2 b | ||||||
Enterprise Customers | 10 k | 10 k | 10 k | ||||||||||
Backlog (Flow Control Division) | $645.8 m | $665.6 m | $627 m | $600.1 m | $626 m | $623.1 m | $639.8 m | ||||||
Backlog (Flowserve Pump Division) | $1.42 b | $1.49 b | $1.51 b | $1.56 b | $1.56 b | $1.24 b | $1.37 b | ||||||
Bookings (Flow Control Division) | $319.8 m | $346.4 m | $282.7 m | $1.24 b | $296.3 m | $274.6 m | $237.6 m | $1.07 b | $294 m | $289.1 m | $253.6 m | $1.11 b | $294.3 m |
Bookings (Flowserve Pump Division) | $750.2 m | $761.9 m | $742.1 m | $3.01 b | $685.1 m | $685.1 m | $536.5 m | $2.36 b | $653.8 m | $668.8 m | $660.9 m | $2.68 b | $795.6 m |
Manufacturing Facilities (Flow Control Division) | 21 | 21 | 21 | 21 | 21 | 19 | 19 | 19 | 19 | 19 | |||
Manufacturing Facilities (Flow Control Division, Asia Pacific) | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||
Manufacturing Facilities (Flow Control Division, Europe) | 10 | 10 | 10 | 10 | 10 | 8 | 8 | 8 | 8 | 8 | |||
Manufacturing Facilities (Flow Control Division, Latin America) | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 1 | 1 | 1 | |||
Manufacturing Facilities (Flow Control Division, US) | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||
Manufacturing Facilities (Flowserve Pump Division) | 41 | 41 | 41 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 35 | 35 |
Manufacturing Facilities (Flowserve Pump Division, Asia) | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Manufacturing Facilities (Flowserve Pump Division, Europe) | 14 | 14 | 14 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 10 | 10 |
Manufacturing Facilities (Flowserve Pump Division, Latin America) | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Manufacturing Facilities (Flowserve Pump Division, North America) | 13 | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 11 | 11 |
Pump Types Manufactured | 40 | 40 | 40 | ||||||||||
Quick Response Centers (Flow Control Division) | 28 | 27 | 26 | ||||||||||
Quick Response Centers (Flow Control Division, Asia Pacific) | 10 | 8 | 7 | ||||||||||
Quick Response Centers (Flow Control Division, Europe) | 7 | 5 | 5 | ||||||||||
Quick Response Centers (Flow Control Division, Latin America) | 2 | 2 | 2 | ||||||||||
Quick Response Centers (Flow Control Division, Middle East) | 3 | 3 | |||||||||||
Quick Response Centers (Flow Control Division, North America) | 9 | 9 | 9 | ||||||||||
Quick Response Centers (Flowserve Pump Division) | 144 | 145 | 145 | 144 | 142 | 141 | 139 | 137 | 136 | 136 | 135 | 135 | 135 |
Seals and Sealing Systems Models Manufactured | 185 | 185 | 185 |