Short answer
Flowserve Corp (FLS) filed its Q1 2017 10-Q quarterly report on May 1, 2017 for the quarter ended Mar 31, 2017.
Flowserve Corp Q1 2017 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $863.6M, down 8.8% YoY from $947.2M, amid oil and gas capital-spending declines and pricing pressures
- Gross margin 30.6% vs 32.5%; operating margin 5.4% vs 7.9% YoY
- FCD strongest segment: operating income $40.1M, margin 14.3% vs 13.0%; IPD weakest, loss $14.2M, margin (8.0)% vs 2.0%
- Cash $325.8M, down $41.4M; operating cash flow $3.9M vs $(5.7)M, with $24.8M dividends and $15.9M capital expenditures
- Outlook: challenging environment expected throughout 2017, potentially improving in the second half; 2017 capital expenditures expected at $80M to $90M
Risk Factors
- No material changes identified in the provided Item 1A text versus the 2016 10-K
- Market risk: Oil-and-gas capital-spending declines and pricing pressure reduced EPO and IPD fair values
- Impairment risk: EPO and IPD goodwill remained unimpaired at December 31, 2016 but required continued monitoring
- Currency risk: Venezuelan DICOM rate 709.7 versus official rate 10.0 bolivars per U.S. dollar
- Financial risk: Debt due within one year totaled $90.632 million, including $15.0 million term-loan repayment during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Flowserve Corp quarterly reports
- Q3 2019 10-QFiled Oct 30, 2019
- Q2 2019 10-QFiled Jul 31, 2019
- Q1 2019 10-QFiled May 2, 2019
- Q3 2018 10-QFiled Nov 7, 2018
- Q2 2018 10-QFiled Aug 8, 2018
- Q1 2018 10-QFiled May 10, 2018
- Q3 2017 10-QFiled Nov 1, 2017
- Q2 2017 10-QFiled Aug 14, 2017
- Q3 2016 10-QFiled Oct 27, 2016
- Q2 2016 10-QFiled Jul 28, 2016
- Q1 2016 10-QFiled Apr 28, 2016
- Q3 2015 10-QFiled Oct 29, 2015
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