NYSE$FLS

Flowserve Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Flowserve's Q3 2021 results were affected by supply chain and logistics challenges, but bookings increased year-over-year.

Flowserve Corporation reported a decrease in sales but an increase in total bookings and backlog for Q3 2021. The company's financial results were negatively impacted by global supply chain, logistics, and labor availability issues, which deferred approximately $60 million of revenue and $20 million of gross profit out of the quarter.

  • Reported earnings per share (EPS) was $0.38 and adjusted EPS was $0.29.
  • Total bookings increased by 13.1% year-over-year to $911.6 million.
  • Backlog increased by 6.2% year-to-date to $1.97 billion.
  • Sales were $866.1 million, down 6.3% year-over-year.

Headline financials

Total Revenue

$866M

Previous: $924M-6.3%
EPS (adj)

$0.29

Previous: $0.50-42.0%
Total Bookings

$912M

Previous: $806M+13.1%
Total Backlog

$1.97B

Previous: $2B-1.5%
Free Cash Flow

$49.8M

Previous: $51M-2.4%
Net Income

$49.8M

Previous: $51M-2.4%
Operating Income

$57.4M

Previous: $87.3M-34.3%
Gross Profit

$253M

Previous: $285M-11.1%
Cash & Equivalents

$1.46B

Previous: $921M+58.2%
Total Assets

$5.6B

Previous: $5.17B+8.2%
Stock-Based Comp

$7.14M

Previous: $5.63M+26.8%

Revenue & EPS history

Flowserve · Revenue · Quarterly

$866M

Q3 2021-6.3%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Flowserve · $1.09B total across 2 segments · Q3 2023

  • Aftermarket Bookings
    $566M+22.7%
  • Original Equipment Bookings
    $529M+28.4%

Forward guidance

Flowserve revised certain of its full-year 2021 financial guidance metrics, including revenue and adjusted EPS.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.4%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-1.3%

Avg return

30 days after

54%

38 / 71 earnings

Positive

+30.9%

Q3 2025

Best reaction

-12.7%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%-16.7%-10.4%
Q4 2025+8.4%+9.6%-3.5%
Q3 2025+30.9%+36.4%+35.5%
Q1 2025+0.8%+5.2%+11.2%
Q4 2024-6.5%-13.1%-19.9%
Q3 2024+2.8%+1.7%+15.3%
Q2 2024-2.9%-7.6%-3.9%
Q1 2024+0.9%+1.6%+4.0%
Q4 2023-0.8%-1.8%+7.1%
Q3 2023+0.8%+0.1%+4.6%
Q2 2023+3.4%+3.7%+4.8%
Q1 2023+5.2%+5.9%-2.5%
Q4 2022-4.8%-2.7%-12.5%
Q3 2022-2.9%+4.5%+9.3%
Q2 2022+8.7%+11.8%+4.4%
Q1 2022-4.2%-4.5%-3.5%
Q4 2021-7.8%-5.7%+8.9%
Q3 2021-11.1%-8.7%-15.4%
Q2 2021-5.7%-6.8%-11.1%
Q1 2021+5.8%+7.6%+7.1%
Q4 2020-1.0%-5.5%-2.2%
Q3 2020-4.6%+9.9%+18.5%
Q2 2020-8.5%-7.2%+0.3%
Q1 2020+0.5%-12.2%+18.5%
Q4 2019-0.9%-0.9%-56.2%
Q3 2019-2.3%+1.8%-2.6%
Q2 2019-11.6%-13.2%-16.9%
Q1 2019+6.3%+1.4%-5.1%
Q4 2018-1.8%-1.9%-7.9%
Q3 2018+10.0%+2.2%-5.8%
Q2 2018+6.2%+8.7%+14.3%
Q1 2018-9.0%-9.0%-11.8%
Q4 2017+4.4%+3.6%+5.6%
Q3 2017-11.2%-9.2%-3.8%
Q2 2017-11.4%-10.8%-17.6%
Q1 2017-1.8%-1.7%-4.7%
Q4 2016-5.5%-5.5%-8.2%
Q3 2016-3.5%-3.8%+7.2%
Q1 2016+2.0%
Q4 2015-4.2%
Q3 2015+3.7%
Q2 2015+0.1%
Q1 2015-3.8%
Q4 2014+3.7%
Q3 2014+0.1%
Q2 2014+4.8%
Q1 2014-6.0%
Q4 2013+5.4%
Q3 2013+11.8%
Q2 2013+0.8%
Q1 2013+2.4%
Q4 2012+2.2%
Q3 2012+3.5%
Q2 2012+3.3%
Q1 2012-2.1%
Q4 2011+2.2%
Q3 2011+11.3%
Q2 2011-8.4%
Q1 2011+3.1%
Q4 2010-0.2%
Q3 2010-12.7%
Q2 2010+2.7%
Q1 2009-3.0%
Q1 2010+2.8%
Q4 2007+0.4%
Q4 2009+0.4%
Q3 2009-0.4%
Q3 2008-0.4%
Q2 2008+10.5%
Q4 2008+10.5%
Q2 2009+10.5%

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