Tue, Apr 29, 8:02 PM (12 days ago)
**Flowserve Corporation (FLS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $1,144.5 million, up 5.2% YoY. - **Net Income:** $73.9 million, slightly down from $74.2 million YoY. - **EPS:** $0.56, unchanged YoY. - **Gross Profit Margin:** 32.3%, up from 31.2% YoY. - **Operating Income:** $131.9 million, up 16.6% YoY. - **Cash Flow from Operations:** Negative $49.9 million, down from $62.3 million YoY. **Segment Performance:** - **Flowserve Pumps Division (FPD):** Sales up 1.8% YoY, operating income up 23.1% YoY. - **Flow Control Division (FCD):** Sales up 13.6% YoY, operating income down 9.2% YoY. **Cash Flow & Liquidity:** - **Cash Balance:** $540.8 million, down from $675.4 million QoQ. - **Available Borrowing:** $662.2 million under the credit agreement. - **Capital Expenditures:** $11.7 million, down from $13.6 million YoY. **Outlook & Trends:** - **Backlog:** $2,902.9 million, up 4.1% QoQ. - **Bookings:** $1,226.4 million, up 18.1% YoY. - **Realignment Programs:** $23 million investment, $8 million non-cash. - **Acquisitions:** MOGAS acquisition completed, $290 million purchase price. **Uncertainties & Future Operations:** - **Macroeconomic Uncertainty:** Trade policy actions, tariffs, and geopolitical risks. - **Inflation & Recessionary Pressures:** Potential impacts on global supply chain and customer spending. - **Pension & Postretirement Benefits:** Settlement loss of $6-$7 million expected in 2025. **Management's Discussion:** - Focus on strategic plan with diversification, decarbonization, and digitization. - Expect annual revenue growth in 2025 driven by strong backlog and recent acquisitions. - Monitor credit markets to maintain liquidity and access to capital.