FLOWSERVE CORPORATION Reports 625.2% Increase in FY2022 Q4 Revenue of USD 121.3 Million.
March 2, 2023
Earnings report
FLOWSERVE CORPORATION ($NYSE:FLS) recently released their financial earnings statement for the fourth quarter of their 2022 fiscal year, ending December 31, 2022. The results showed a total revenue of USD 121.3 million, representing a 625.2% increase from the same period in the previous year, an impressive figure.
Additionally, net income was reported at USD 1039.0 million, implying a 13.0% year-over-year increase. These results represent a significant milestone for the company, and demonstrate the strength of their innovative products and services. The impressive revenue growth is a testament to the hard work of FLOWSERVE CORPORATION’s employees, who have consistently worked to create value and delight customers with their products and services. Going forward, they are well-positioned to drive further success in the future quarters.
Market Price
Tuesday marked a significant day for FLOWSERVE CORPORATION as they reported their FY2022 Q4 financial results. After posting these numbers, FLOWSERVE CORPORATION stock opened at $35.4, however it closed at $34.9, down by 2.9% from the previous closing price of 35.9. The company attributed the increase in revenue to their continued focus on innovation and developing solutions for their customers’ unique needs.
The sales team also played a major role in driving sales, having supported existing customers as well as adding new ones. These strong results are expected to carry over into the coming quarters, with the company anticipating further growth in revenue. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Flowserve Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.62k | 188.69 | 5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flowserve Corporation. More…
| Operations | Investing | Financing |
| -40.01 | -6.09 | -150.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flowserve Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.79k | 2.93k | 13.99 |
Key Ratios Snapshot
Some of the financial key ratios for Flowserve Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.9% | -23.3% | 5.5% |
| FCF Margin | ROE | ROA |
| -3.2% | 7.2% | 2.6% |
Analysis
As a financial analysis firm, GoodWhale conducted a thorough study of FLOWSERVE CORPORATION‘s fundamentals. According to GoodWhale’s Star Chart, FLOWSERVE CORPORATION has a high health score of 8/10. This means that the company has a solid financial stability and is likely to withstand any potential crisis without risking bankruptcy. Furthermore, GoodWhale has classified FLOWSERVE CORPORATION as a ‘cow’, indicating that it has a consistent track record of sustainable and reliable dividends. This means that FLOWSERVE CORPORATION is an attractive option for investors who are looking to generate consistent returns and build a steady portfolio. The company is strong in terms of assets and dividend, while it is merely average in terms of profitability and weak in terms of growth. All in all, FLOWSERVE CORPORATION is an interesting option for investors who want to generate reliable returns, but may not be the best choice for those looking for significant, rapid growth. More…
Peers
Its competitors include ITT Inc, Shanghai Zhenhua Heavy Industries Co Ltd, Sintokogio Ltd.
– ITT Inc ($NYSE:ITT)
3M’s market cap as of 2022 is 5.86B. The company has a return on equity of 12.81%. 3M is a diversified technology company that operates in a variety of industries, including healthcare, industrial, and consumer markets. The company’s products include adhesives, abrasives, laminates, and electro- and optical materials.
– Shanghai Zhenhua Heavy Industries Co Ltd ($SHSE:600320)
Shanghai Zhenhua Heavy Industries Co Ltd is a heavy industries company with a market cap of 14.22B as of 2022. The company has a return on equity of 7.11%. The company manufactures a range of products including cranes, construction machinery, and railway equipment. Shanghai Zhenhua Heavy Industries Co Ltd is a publicly traded company listed on the Shanghai Stock Exchange.
– Sintokogio Ltd ($TSE:6339)
Sintokogio Ltd is a Japanese company that manufactures automotive parts. As of 2022, the company has a market capitalization of 35.83 billion dollars and a return on equity of 2.76%. The company’s products include engine parts, suspension parts, and body parts.
Summary
This is a promising sign for investors considering FLOWSERVE is a diversified industrial provider; thus, the increase in profitability may be indicative of increased demand for its products, signaling positive growth potential. Furthermore, with a strong balance sheet, investors can expect further investments from FLOWSERVE in developing their technologies and services. With this, FLOWSERVE may be a good investment for those who are looking for long-term growth potential.
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