10-Q quarterly report · filed Nov 1, 2017

Flowserve Corp (FLS) Q3 2017 10-Q Quarterly Report

Short answer

Flowserve Corp (FLS) filed its Q3 2017 10-Q quarterly report on Nov 1, 2017 for the quarter ended Sep 30, 2017.

Flowserve Corp Q3 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $883.4M, down 6.6% YoY from $945.9M, driven by lower original equipment sales
  • Gross margin 30.3% vs 29.4% YoY, with aftermarket sales 50% vs 44%
  • Best segment EPD: operating margin 12.2% vs negative 4.8% YoY
  • Worst segment FCD: gross margin 31.9% vs 36.1% YoY, operating margin 16.9% vs 17.9%
  • Cash $502.1M, up from $367.2M; operating cash flow $72.4M and sale proceeds $208.8M
  • Near-term headwinds: oil and gas capital spending declines, pricing pressure and challenging environment expected through 2017

Risk Factors

  • No material risk-factor changes from the 2016 Annual Report and subsequent SEC filings
  • Operational risk: unknown future risks could materially adversely affect business, financial condition, results, or cash flows
  • Management-assessment risk: currently immaterial risks may become material as available information changes

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

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