How do you interpret industrial product division — restructuring charges?

High charges indicate significant organizational change, which may lead to future margin improvements but also reflect current operational friction.

How does industrial product division — restructuring charges compare across companies?

Common in industrial companies undergoing periodic operational optimization.

Flowserve FLS Industrial Product Division — Restructuring Charges

Discontinued — last reported Q4 '18

Similar metrics at other companies

DCIIndustrial Products — Restructuring Charges

$1.83M-3.9%

DCIIndustrial Products segment — Restructuring Charges

$6.5M—

SWKIndustrial — Restructuring Charges

$1.3M—

JIndustrial — Restructuring Charges

$435K-82.8%

ITTIndustrial Process — Restructuring Charges

$1.8M+260%

RPMIndustrial — Restructuring Charges

$3.79M+230%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$43.1M+13.7%

CapEx$16.9M+44.0%

Free cash flow-$60.0M+2.7%

Valuation

See full

Market cap$10.44B+45.4%

Enterprise value$11.59B+37.9%

P/E27.3×+1.8×

P/S2.2×+0.7×

Profitability

See full

Gross margin34.2%+2.5pp

Operating margin8.3%-2.1pp

Net margin8.2%+2.1pp

FCF margin9.9%+4.3pp

Returns & leverage

See full

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 us-gaap:RestructuringCharges.

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

Questions, answered.

What does industrial product division — restructuring charges mean?: The costs incurred to reorganize or downsize the division's operations to improve efficiency.
How do you interpret industrial product division — restructuring charges?: High charges indicate significant organizational change, which may lead to future margin improvements but also reflect current operational friction.
How does industrial product division — restructuring charges compare across companies?: Common in industrial companies undergoing periodic operational optimization.