Flowserve Corp (FLS) Q3 2015 10-Q Quarterly Earnings

Short answer

Flowserve Corp (FLS) filed its Q3 2015 10-Q quarterly report on Oct 29, 2015 for the quarter ended Sep 30, 2015.

AI summary of MD&A and risk factor updates

Quarterly sales $1,096.5M, down 8.9% YoY from $1,204.0M, with negative currency effects of approximately $114M
Gross margin 35.5% vs 35.0% YoY, operating margin 15.3% vs 16.0%
Best segment IPD sales $241.6M, up 18.9% YoY; worst EPD sales $514.5M, down 19.8%
Operating cash flow $131.0M; cash $237.8M vs $450.4M at December 31, 2014
Capital deployment included $353.7M acquisitions, $249.7M share repurchases and $138.5M capital expenditures; 2016 headwinds expected from weak capital spending, pricing pressure and currency impacts

Newly added cybersecurity risk: sophisticated attacks could disrupt operations and expose proprietary, customer, supplier, and employee information
Most materially updated strategic risk: April 2015 manufacturing optimization and cost-saving initiative expanded to additional realignment activities
Operational execution risk: realignment demands on management could delay customer-service improvements and anticipated cost savings
Financial performance risk: failure to realize estimated savings could materially reduce cash flows and results of operations

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

Compare quarters, check guidance or see what insiders and funds did around the report.