How do you interpret flow control division — realignment program charges?

High charges indicate active restructuring, which should ideally lead to future margin expansion.

How does flow control division — realignment program charges compare across companies?

Comparable to restructuring or reorganization costs reported by peers undergoing operational transformation.

Flowserve FLS Flow Control Division — Realignment Program Charges

Discontinued — last reported Q4 '18

Similar metrics at other companies

PNRFlow Filtration Solutions — Restructuring Charges

$1.9M-52.5%

PNRFlow Technologies — Restructuring costs

$4.1M+1,267%

ITTFlow Technologies — Total restructuring costs

$7.7M+83.3%

CRProcess Flow Technologies — Cumulative Restructuring Costs

$14.9M0.0%

CSL

CSLFluid Technology — Restructuring And Related Cost Expected Cost1

$10.5M—

PNRFlow Technologies — Restructuring And Related Cost Number Of Positions Eliminated

18.8—

Other financials

Income statement

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Revenue$1.1B-6.7%

Gross profit$379.8M+2.8%

Operating income$119.4M-9.4%

Net income$81.7M+10.5%

EPS (diluted)$0.64+14.3%

Balance sheet

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Cash & equivalents$792.4M+46.5%

Total debt$1.9B+12.7%

Total equity$2.2B+6.4%

Total assets$5.7B+4.6%

Cash flow

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Operating cash flow-$43.1M+13.7%

CapEx$16.9M+44.0%

Free cash flow-$60.0M+2.7%

Valuation

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Market cap$10.44B+45.4%

Enterprise value$11.59B+37.9%

P/E27.3×+1.8×

P/S2.2×+0.7×

Profitability

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Gross margin34.2%+2.5pp

Operating margin8.3%-2.1pp

Net margin8.2%+2.1pp

FCF margin9.9%+4.3pp

Returns & leverage

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Return on equity17.8%+3.8pp

Debt / equity0.9×0.0×

Current ratio2.2×+0.1×

Where this comes from

Reported directly by Flowserve in its filing.

Tagged under the XBRL concept fls:RealignmentProgramCharges.

The official record: Flowserve’s 10-K, filed February 20, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does flow control division — realignment program charges mean?: Costs incurred to reorganize or streamline the Flow Control division's operations.
How do you interpret flow control division — realignment program charges?: High charges indicate active restructuring, which should ideally lead to future margin expansion.
How does flow control division — realignment program charges compare across companies?: Comparable to restructuring or reorganization costs reported by peers undergoing operational transformation.