Short answer
Flowserve Corp (FLS) filed its fiscal 2018 10-K annual report with the SEC on Feb 20, 2019. It reported revenue of $3.8B (+4.7% year over year) and net income of $120M.
- Top risk flagged: GDPR compliance: personal-data failures could trigger fines, penalties and reputational damage in Europe
FY2018 key financial metrics · XBRL
- Revenue
- $3.8B
- +4.7% YoY
- Net income
- $120M
- +4412.5% YoY
- Operating margin
- 6.5%
- −2.7 pp YoY
- Gross margin
- 31.0%
- +1.3 pp YoY
- EPS (diluted)
- $0.91
- +4450.0% YoY
- ROE
- 7.3%
- +7.1 pp YoY
- Operating cash flow
- $191M
- −38.7% YoY
Source: XBRL data from the Flowserve Corp (FLS) FY2018 10-K on SEC EDGAR. USD.
Flowserve Corp FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Flow control manufacturer and aftermarket provider, serving critical industrial processes through pumps, valves, seals, automation and lifecycle services
- Flowserve 2.0 launched in Q2 2018, targeting growth, margin expansion, capital efficiency and organizational health across 100-plus projects
- EPD and IPD consolidation announced, creating Flowserve Pump Division and reducing reporting structure from three segments to two in 2019
- Approximately 17,000 global employees as of December 31, 2018
- IPS Insight platform advanced remote monitoring, diagnostics and asset management, alongside exploration of additive manufacturing рол
Management Discussion & Analysis
- Revenue $3,832.7M, up $171.9M or 4.7% YoY, with aftermarket sales near 50% of total
- Gross margin 31.0% vs 29.7%; operating margin 6.5% vs 9.3%
- Best segment EPD: sales $1,899.2M, operating income $206.9M, 10.9% margin; worst IPD: operating loss $6.2M, negative 0.8% margin
- Operating cash flow $190.8M; capex $84.0M; dividends $99.4M; no share repurchases
- 2019 capex guidance $90M to $100M; risks include uncertain customer capital spending, global economic and political conditions, currency and interest-rate volatility
Risk Factors
- GDPR compliance: personal-data failures could trigger fines, penalties and reputational damage in Europe
- Tariffs on imported steel and aluminum: higher input costs could pressure margins and manufacturing capacity
- Backlog $1.9 billion: plant disruptions or raw-material shortages could cause late deliveries and contract penalties
- Low-cost spare-part replicators: pricing pressure could erode margins and market share
- Debt maturities: senior credit facility matures October 14, 2020, with senior notes due in 2022 and 2023
Generated from the filing text; verify against the original. How to read a 10-K
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