NYSE$FLS

Flowserve Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported strong fourth quarter and full year results driven by margin expansion and solid cash flow.

Flowserve Corporation reported strong fourth quarter and full year 2019 results, driven by margin expansion through the Flowserve 2.0 transformation program and improved free cash flow. The company issued 2020 financial guidance, projecting revenue growth and adjusted EPS.

  • Reported EPS of $0.53, up 10.4% and Adjusted EPS of $0.66, up 13.8%.
  • Total bookings were $1.05 billion, up 0.7%.
  • Sales were $1.07 billion, up 8.2%.
  • Adjusted gross and operating margins decreased 50 and 10 basis points to 33.2% and 11.8%, respectively.

Headline financials

Total Revenue

$1.07B

Previous: $987M+8.2%
EPS (adj)

$0.66

Previous: $0.58+13.8%
Total Bookings

$1.05B

No prior period
Total Backlog

$2.16B

No prior period
Operating Margin

10.0%

No prior period
Net Income

$69.8M

Previous: $63.1M+10.6%
Operating Income

$107M

Previous: $93.2M+15.0%
Gross Profit

$350M

Previous: $322M+8.6%
Cash & Equivalents

$671M

Previous: $620M+8.3%
Total Assets

$4.92B

Previous: $4.62B+6.6%
Stock-Based Comp

$1.38M

Previous: $5.78M-76.2%

Revenue & EPS history

Flowserve · Revenue · Quarterly

$1.07B

Q4 2019+8.2%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Flowserve · $1.07B total across 2 segments · Q4 2019

  • Original Equipment Bookings
    $546M
  • Aftermarket Bookings
    $522M

Forward guidance

Flowserve provided initial guidance for 2020, including revenue growth of 3.0% to 5.0% and adjusted EPS of $2.30 to $2.45.

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 Q4 2019

Historical avgQ4 2019

+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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