How do you interpret subtotal–reportable segments — non-restructuring charges?

High levels of non-restructuring charges suggest operational volatility or unforeseen external events impacting segment profitability.

How does subtotal–reportable segments — non-restructuring charges compare across companies?

Comparable to 'special items' or 'non-recurring charges' reported by other industrial conglomerates to adjust segment-level earnings.

Flowserve FLS Subtotal–Reportable Segments — Non-Restructuring Charges

Discontinued — last reported Q4 '20

Similar metrics at other companies

ADIReportable Segment — Special charges, net

$0-100%

ELANReportable Segment — Segment Reporting, Other Segment Item, Amount

$154M+12.4%

MOVESegment Reporting — Segment Reporting Other Item Amount

$1.42M—

RLOther Non-Reportable Segment-Related — Unallocated restructuring charges

$0—

DTReportable Segment — Transaction, restructuring and other non-recurring or unusual items

$0-100%

PLReportable Segment — Restructuring costs

$2.64M+43.4%

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:NonRestructuringChargesBenefits.

The official record: Flowserve’s 10-Q, filed May 7, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does subtotal–reportable segments — non-restructuring charges mean?: Unusual or non-recurring expenses and benefits within business segments that are not part of formal restructuring programs.
How do you interpret subtotal–reportable segments — non-restructuring charges?: High levels of non-restructuring charges suggest operational volatility or unforeseen external events impacting segment profitability.
How does subtotal–reportable segments — non-restructuring charges compare across companies?: Comparable to 'special items' or 'non-recurring charges' reported by other industrial conglomerates to adjust segment-level earnings.