10-Q quarterly report · filed Apr 30, 2015

Flowserve Corp (FLS) Q1 2015 10-Q Quarterly Report

Short answer

Flowserve Corp (FLS) filed its Q1 2015 10-Q quarterly report on Apr 30, 2015 for the quarter ended Mar 31, 2015.

Flowserve Corp Q1 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $1,014.6M, down 5.0% YoY from $1,068.1M, pressured by oil and gas declines and currency
  • Operating margin 9.2% vs 15.4% YoY; gross margin 32.7% vs 35.3%
  • Best segment IPD sales $223.4M, up 20.0%; worst operating margin IPD at (6.0)% vs 10.1%
  • Cash $333.8M vs $450.4M; operating cash outflow $93.2M, acquisition payments $341.5M
  • Near-term headwinds: capital spending declines, deferred aftermarket spending, stronger dollar, geopolitical conditions and refinery strikes

Risk Factors

  • No material changes to risk factors from the 2014 Annual Report and subsequent SEC filings
  • Carried-forward risk: unknown future risks could materially adversely affect business, financial condition, results, or cash flows
  • Management materiality assessments remain subject to change as available information evolves

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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