Last 7 days
2.2%
Last 30 days
0.9%
Last 90 days
7.0%
Trailing 12 Months
61.7%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-05-25 | FRIEDERY JOHN R | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-25 | DELLY GAYLA J | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-25 | Okray Thomas B | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-25 | McMurray Michael C. | acquired | 149,977 | 33.68 | 4,453 | - |
2023-05-23 | Hudson Susan Claire | acquired | - | - | 723 | chief legal officer |
2023-05-23 | Hudson Susan Claire | sold (taxes) | -6,088 | 34.4 | -177 | chief legal officer |
2023-05-15 | Wilson Kirk | sold (taxes) | -10,034 | 35.21 | -285 | president, fcd |
2023-02-20 | Rowe Robert Scott | sold (taxes) | -307,721 | 35.89 | -8,574 | president & ceo |
2023-02-20 | Rowe Robert Scott | acquired | - | - | 21,787 | president & ceo |
2023-02-20 | Wilson Kirk | acquired | - | - | 2,388 | president, fcd |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 112 | 1,244 | -% |
2023-09-21 | Jefferies Group LLC | new | - | 221,981 | 221,981 | -% |
2023-09-20 | BARCLAYS PLC | added | 182 | 2,779,000 | 4,109,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 9,576 | 112,936 | 0.03% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 1,377 | 13,114 | -% |
2023-08-22 | COMERICA BANK | new | - | 25,000 | 25,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.62 | 358,361 | 5,953,030 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.91 | 142,000 | 813,000 | 0.01% |
2023-08-21 | JOHN G ULLMAN & ASSOCIATES INC | reduced | -4.24 | 278,266 | 6,287,270 | 0.97% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 82.57 | 542,899 | 1,088,500 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Aug 10, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 13, 2023 | edgepoint investment group inc. | 0% | 0 | SC 13G/A | |
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | first eagle investment management, llc | 8.42% | 11,008,936 | SC 13G/A | |
Feb 06, 2023 | wellington management group llp | 8.35% | 10,907,736 | SC 13G | |
Feb 03, 2023 | blackrock inc. | 8.6% | 11,229,159 | SC 13G/A | |
Jan 10, 2023 | vanguard group inc | 10.01% | 13,078,791 | SC 13G/A | |
Jul 11, 2022 | fmr llc | - | 0 | SC 13G | |
Feb 14, 2022 | caisse de depot et placement du quebec | 3.5% | 4,509,536 | SC 13G/A | |
Feb 11, 2022 | edgepoint investment group inc. | 8.4% | 10,972,988 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 20, 2023 | 8-K | Current Report | |
Aug 11, 2023 | 4 | Insider Trading | |
Aug 11, 2023 | 4 | Insider Trading | |
Aug 11, 2023 | 4 | Insider Trading | |
Aug 10, 2023 | SC 13G/A | Major Ownership Report | |
Aug 01, 2023 | 8-K | Current Report | |
Aug 01, 2023 | 10-Q | Quarterly Report | |
Jul 21, 2023 | UPLOAD | UPLOAD | |
Jul 18, 2023 | CORRESP | CORRESP | |
Jul 05, 2023 | CORRESP | CORRESP |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
ITW | 69.6B | 16.1B | -7.23% | 25.25% | 22.43 | 4.33 | 5.86% | 17.15% |
IR | 24.3B | 6.5B | -8.83% | 45.85% | 40.13 | 4.1 | 16.93% | 6.34% |
XYL | 18.9B | 6.1B | -12.04% | 3.61% | 42.99 | 3.12 | 15.93% | 12.85% |
IEX | 15.6B | - | -9.05% | 4.19% | 26.63 | 5.23 | 15.09% | 14.53% |
GGG | 14.6B | 2.2B | -7.52% | 21.36% | 29.93 | 6.72 | 5.84% | 14.37% |
MID-CAP | ||||||||
ITT | 8.0B | 3.2B | -3.67% | 48.78% | 18.88 | 2.54 | 11.48% | 25.05% |
DCI | 7.3B | 3.4B | -6.45% | 20.02% | 19.71 | 2.11 | 7.89% | 16.35% |
FLS | 5.1B | 4.0B | 0.91% | 61.73% | 21.47 | 1.28 | 13.86% | 149.05% |
SMALL-CAP | ||||||||
ERII | 1.2B | 106.9M | -21.71% | -5.31% | 113.37 | 11.19 | -0.30% | -11.09% |
GRC | 861.3M | 631.3M | 1.48% | 37.25% | 39.79 | 1.36 | 51.20% | -1.04% |
TWIN | 185.3M | 269.0M | -3.58% | 14.43% | 19.15 | 0.69 | 15.38% | 145.94% |
MNTX | 94.5M | 285.3M | -1.06% | -15.70% | -39.11 | 0.33 | 21.74% | 78.41% |
NNBR | 87.5M | 497.6M | -10.58% | 3.33% | -2.26 | 0.18 | 3.44% | -162.21% |
-2.8%
-0.9%
-4.4%
15.8%
85.4%
66.5%
19.6%
Y-axis is the maximum loss one would have experienced if Flowserve was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 5.2% | 3,973 | 3,774 | 3,615 | 3,496 | 3,489 | 3,505 | 3,541 | 3,607 | 3,665 | 3,692 | 3,728 | 3,811 | 3,882 | 3,947 | 3,940 | 3,858 | 3,815 | 3,799 | 3,833 | 3,880 | 3,811 |
Gross Profit | 6.7% | 1,154 | 1,081 | 994 | 966 | 980 | 1,008 | 1,050 | 1,078 | 1,110 | 1,101 | 1,117 | 1,171 | 1,219 | 1,267 | 1,289 | 1,262 | 1,237 | 1,205 | 1,188 | 1,170 | 1,129 |
S&GA Expenses | 4.2% | 889 | 854 | 816 | 809 | 789 | 805 | 797 | 813 | 813 | 831 | 878 | 923 | 953 | 947 | 913 | 914 | 925 | 943 | 967 | 933 | 897 |
EBITDA | - | - | - | - | - | - | - | 346 | 351 | 350 | 349 | 345 | 341 | 342 | 343 | 344 | 345 | 345 | 346 | - | - | - |
EBITDA Margin | - | - | - | - | - | - | - | 0.10* | 0.10* | 0.10* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | - | - | - |
Interest Expenses | 10.6% | 57.00 | 52.00 | 46.00 | 45.00 | 48.00 | 52.00 | 58.00 | 63.00 | 61.00 | 60.00 | 56.00 | 52.00 | 53.00 | 54.00 | 55.00 | 57.00 | 56.00 | 57.00 | 58.00 | 59.00 | 60.00 |
EBT Margin | - | - | - | - | - | - | - | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.04* | 0.04* | 0.05* | 0.05* | 0.05* | - | - | - |
Net Income | 2.8% | 238 | 231 | 189 | 84.00 | 95.00 | 96.00 | 126 | 165 | 172 | 132 | 130 | 147 | 151 | 199 | 239 | 229 | 198 | 157 | 120 | -49.40 | -30.00 |
Net Income Margin | -100.0% | - | 0.06* | 0.05* | 0.02* | 0.03* | 0.03* | 0.04* | 0.05* | 0.05* | 0.03* | 0.03* | 0.03* | 0.04* | 0.05* | 0.06* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 13.00 | -40.01 | -10.47 | 117 | 187 | 250 | 346 | 352 | 300 | 311 | 285 | 284 | 322 | 313 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 0.9% | 4,920 | 4,876 | 4,791 | 4,506 | 4,583 | 4,703 | 4,750 | 5,596 | 4,819 | 4,810 | 5,315 | 5,174 | 4,778 | 4,762 | 4,938 | 4,764 | 4,821 | 4,846 | 4,649 | 4,605 | 4,651 |
Current Assets | 1.5% | 2,579 | 2,542 | 2,451 | 2,224 | 2,281 | 2,377 | 2,389 | 3,223 | 2,441 | 2,449 | 2,904 | 2,806 | 2,431 | 2,426 | 2,507 | 2,396 | 2,409 | 2,437 | 2,383 | 2,325 | 2,373 |
Cash Equivalents | 4.5% | 423 | 405 | 435 | 352 | 458 | 576 | 658 | 1,457 | 630 | 659 | 1,095 | 921 | 562 | 622 | 671 | 546 | 596 | 638 | 620 | 530 | 517 |
Inventory | 3.6% | 914 | 882 | 803 | 779 | 749 | 722 | 678 | 698 | 690 | 672 | 667 | 714 | 684 | 684 | 661 | 687 | 681 | 680 | 634 | 656 | 675 |
Net PPE | 0.7% | 500 | 496 | 501 | 473 | 487 | 507 | 516 | 513 | 526 | 535 | 557 | 551 | 547 | 551 | 564 | 576 | 590 | 588 | 610 | 609 | 626 |
Goodwill | 0.3% | 1,177 | 1,174 | 1,168 | 1,136 | 1,163 | 1,186 | 1,196 | 1,203 | 1,213 | 1,209 | 1,225 | 1,205 | 1,188 | 1,180 | 1,193 | 1,178 | 1,195 | 1,192 | 1,198 | 1,204 | 1,207 |
Current Liabilities | -2.2% | 1,292 | 1,322 | 1,243 | 1,092 | 1,092 | 1,148 | 1,132 | 1,909 | 1,070 | 1,084 | 1,142 | 1,094 | 1,090 | 1,106 | 1,117 | 1,048 | 1,059 | 1,121 | 1,081 | 1,040 | 1,053 |
LT Debt, Current | 4.5% | 56.00 | 53.00 | 49.00 | 48.00 | 46.00 | 45.00 | 41.00 | 837 | 10.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 11.00 | - | - | - | - | - | - |
LT Debt, Non Current | 3.0% | 1,245 | 1,209 | 1,224 | 1,232 | 1,242 | 1,252 | 1,262 | 1,272 | 1,307 | 1,308 | 1,718 | 1,701 | 1,373 | 1,357 | 1,366 | 1,350 | 1,386 | 1,392 | 1,415 | 1,437 | 1,455 |
Shareholder's Equity | 0.3% | 1,884 | 1,880 | 1,825 | 1,657 | 1,754 | 1,791 | 1,837 | 1,791 | 1,771 | 1,742 | 1,761 | 1,672 | 1,646 | 1,640 | 1,772 | 1,723 | 1,712 | 1,708 | 1,632 | 1,631 | 1,642 |
Retained Earnings | 0.7% | 3,799 | 3,774 | 3,774 | 3,679 | 3,667 | 3,649 | 3,691 | 3,701 | 3,677 | 3,658 | 3,671 | 3,640 | 3,610 | 3,662 | 3,652 | 3,651 | 3,608 | 3,575 | 3,543 | 3,505 | 3,502 |
Additional Paid-In Capital | 0.6% | 495 | 492 | 507 | 507 | 500 | 496 | 506 | 501 | 494 | 489 | 502 | 500 | 499 | 498 | 501 | 500 | 493 | 488 | 495 | 489 | 483 |
Accumulated Depreciation | -3.8% | 1,139 | 1,184 | 1,173 | 1,135 | 1,151 | 1,161 | 1,192 | 1,117 | 1,108 | 1,088 | 1,093 | 1,069 | 1,035 | 1,007 | 1,013 | 989 | 992 | 968 | 957 | 952 | 983 |
Shares Outstanding | 0.2% | 131 | 131 | - | 131 | 131 | 130 | - | 130 | 130 | 130 | - | - | - | - | - | - | - | - | - | - | - |
Minority Interest | 12.5% | 38.00 | 33.00 | 34.00 | 35.00 | 32.00 | 36.00 | 33.00 | 32.00 | 30.00 | 30.00 | 30.00 | 30.00 | 28.00 | 26.00 | 26.00 | 25.00 | 23.00 | 21.00 | 18.00 | 18.00 | 20.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 512.2% | 82.00 | 13.00 | -40.01 | -10.47 | 117 | 187 | 250 | 347 | 352 | 299 | 311 | 295 | 295 | 333 | 324 | 308 | 297 | 350 | 191 | 265 | 208 |
Share Based Compensation | 0.2% | 25.00 | 24.00 | 26.00 | 30.00 | 30.00 | 31.00 | 29.00 | 27.00 | 25.00 | 23.00 | 27.00 | 25.00 | 27.00 | 31.00 | 24.00 | 28.00 | 27.00 | 24.00 | 20.00 | 17.00 | 15.00 |
Cashflow From Investing | 3.9% | -9.92 | -10.32 | -6.09 | -66.41 | -64.63 | -62.21 | -59.48 | -47.75 | -47.28 | -45.97 | -41.70 | -61.54 | -66.68 | -67.17 | -33.38 | -36.39 | -35.59 | -40.00 | -81.47 | -44.11 | -9.01 |
Cashflow From Financing | 32.7% | -104 | -155 | -150 | -983 | -186 | -188 | -599 | 241 | -249 | -236 | 148 | 143 | -238 | -253 | -231 | -235 | -172 | -170 | -173 | -182 | -190 |
Dividend Payments | 0.1% | 105 | 105 | 105 | 104 | 105 | 104 | 105 | 105 | 104 | 105 | 104 | 103 | 102 | 101 | 100 | 100 | 100 | 100 | 99.00 | 99.00 | 99.00 |
Buy Backs | - | - | - | - | - | - | 12.00 | 18.00 | 18.00 | 18.00 | 5.00 | 32.00 | 42.00 | 47.00 | 47.00 | 15.00 | 5.00 | - | - | - | - | - |
Condensed Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Sales | $ 1,080,376 | $ 882,222 | $ 2,060,681 | $ 1,703,280 |
Cost of sales | (757,616) | (632,393) | (1,441,090) | (1,243,803) |
Gross profit | 322,760 | 249,829 | 619,591 | 459,477 |
Selling, general and administrative expense | (230,082) | (194,606) | (474,359) | (400,816) |
Net earnings from affiliates | 3,970 | 5,109 | 8,603 | 9,039 |
Operating income | 96,648 | 60,332 | 153,835 | 67,700 |
Interest expense | (16,554) | (11,062) | (32,766) | (21,755) |
Interest income | 1,907 | 854 | 3,401 | 1,797 |
Other income (expense), net | (5,543) | 7,589 | (13,562) | (524) |
Earnings before income taxes | 76,458 | 57,713 | 110,908 | 47,218 |
Provision for income taxes | (21,304) | (11,618) | (25,757) | (14,800) |
Net earnings, including noncontrolling interests | 55,154 | 46,095 | 85,151 | 32,418 |
Less: Net earnings attributable to noncontrolling interests | (3,951) | (1,318) | (7,181) | (3,458) |
Net earnings attributable to Flowserve Corporation | $ 51,203 | $ 44,777 | $ 77,970 | $ 28,960 |
Net earnings per share attributable to Flowserve Corporation common shareholders: | ||||
Basic (in dollars per share) | $ 0.39 | $ 0.34 | $ 0.59 | $ 0.22 |
Diluted (in dollars per share) | $ 0.39 | $ 0.34 | $ 0.59 | $ 0.22 |
Weighted average shares - basic (in shares) | 131,171,000 | 130,666,000 | 131,051,000 | 130,554,000 |
Weighted average shares - diluted (in shares) | 131,810,000 | 131,245,000 | 131,782,000 | 131,148,000 |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 422,837 | $ 434,971 |
Accounts receivable, net of allowance for expected credit losses of $84,358 and $83,062, respectively | 887,867 | 868,632 |
Contract assets, net of allowance for expected credit losses of $4,420 and $5,819, respectively | 227,636 | 233,457 |
Inventories, net | 914,288 | 803,198 |
Prepaid expenses and other | 126,756 | 110,714 |
Total current assets | 2,579,384 | 2,450,972 |
Property, plant and equipment, net of accumulated depreciation of $1,139,149 and $1,172,957, respectively | 500,075 | 500,945 |
Operating lease right-of-use assets, net | 164,391 | 174,980 |
Goodwill | 1,177,131 | 1,168,124 |
Deferred taxes | 158,835 | 149,290 |
Other intangible assets, net | 125,216 | 134,503 |
Other assets, net of allowance for expected credit losses of $66,857 and $66,377, respectively | 214,983 | 211,820 |
Total assets | 4,920,015 | 4,790,634 |
Current liabilities: | ||
Accounts payable | 492,623 | 476,747 |
Accrued liabilities | 441,520 | 427,578 |
Contract liabilities | 269,725 | 256,963 |
Debt due within one year | 55,781 | 49,335 |
Operating lease liabilities | 32,440 | 32,528 |
Total current liabilities | 1,292,089 | 1,243,151 |
Long-term debt due after one year | 1,245,253 | 1,224,151 |
Operating lease liabilities | 146,255 | 155,196 |
Retirement obligations and other liabilities | 314,408 | 309,529 |
Contingencies (See Note 10) | ||
Shareholders’ equity: | ||
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 | 220,991 | 220,991 |
Capital in excess of par value | 495,281 | 507,484 |
Retained earnings | 3,798,984 | 3,774,209 |
Treasury shares, at cost – 45,894 and 46,359 shares, respectively | (2,014,932) | (2,036,882) |
Deferred compensation obligation | 7,815 | 6,979 |
Accumulated other comprehensive loss | (623,687) | (647,788) |
Total Flowserve Corporation shareholders’ equity | 1,884,452 | 1,824,993 |
Noncontrolling interests | 37,558 | 33,614 |
Total equity | 1,922,010 | 1,858,607 |
Total liabilities and equity | $ 4,920,015 | $ 4,790,634 |