Flowserve Corp Q1 2022 Earnings Call Summary - Thomson StreetEvents

Flowserve Corp Q1 2022 Earnings Call Summary

Flowserve Corp Q1 2022 Earnings Call Summary - Thomson StreetEvents
Flowserve Corp Q1 2022 Earnings Call Summary
Published May 03, 2022
19 pages (11320 words) — Published May 03, 2022
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of FLS.N earnings conference call or presentation 3-May-22 3:00pm GMT

  
Brief Excerpt:

...A. Highlights: Co. had success in capitalizing on improving demand environment, including award of several mid-sized projects, which contributed FLS achieving its highest bookings level since 2Q19. 1. 2. Bookings $1.09b. Up 15% YoverY, about 18% on constant currency basis and up 12% sequentially vs. 1Q21, highest bookings qtr. of 2021. a. 3. As later cycle Co., it is encouraged by demand improvement in served end markets this year and ability to profitably win those opportunities. 4. Based on trends Co. is observing today, it believes these market dynamics will remain strong in coming months. B. Global Operations: 1Q was significantly more challenging than anticipated in mid-Feb. 1. 2. Throughout qtr., global operating environment got worse and inflations accelerated. 3. Combination of supply chain constraints, logistics, disruptions, labor availability headwinds and significant inflation inhibited ability to serve customers and recognize revenue. Hence, increased under-absorption and higher...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Flowserve Corp
Ticker
FLS.N
Time
3:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : You've got the whole situation going on with China at the moment. And I think we probably have barely even started to see the ripple effects of what that's going to do to supply chain in 2Q, 3Q, 4Q today. You're talking about stabilization and maybe some modest improvement in supply chain in the back half of the year. Is there anything that you're seeing at the moment that leads you to that conclusion? Or is that just an assumption that you're building into the way you're guiding investors out there at the moment?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : And then a follow-up question on pricing. The short-term MRO kind of business is not the focus here. It's on some of the perhaps project business that was priced last year under a cost-plus model. What's your ability to go back and extract price out of that? Or are we just expecting as those projects deliver here that the margin is going to have been eroded by inflation in those projects? And are there any kind of counter measures that you're embedding into new contracts to try and counteract the potential for further inflation?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : What you're saying is that most of your cost is already locked in at the time you book that project?

Table Of Contents

Flowserve Corp Q3 2022 Earnings Call Transcript – 2022-11-01 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 1-Nov-22 3:00pm GMT

Flowserve Corp at Morgan Stanley Laguna Conference Transcript – 2022-09-15 – US$ 54.00 – Edited Transcript of FLS.N presentation 15-Sep-22 9:35pm GMT

Flowserve Corp Q2 2022 Earnings Call Transcript – 2022-07-28 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 28-Jul-22 3:00pm GMT

Flowserve Corp at Stifel Cross Sector Insight Conference Transcript – 2022-06-09 – US$ 54.00 – Edited Transcript of FLS.N presentation 9-Jun-22 1:45pm GMT

Flowserve Corp Q1 2022 Earnings Call Transcript – 2022-05-03 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 3-May-22 3:00pm GMT

Flowserve Corp Q4 2021 Earnings Call Summary – 2022-02-24 – US$ 54.00 – Edited Brief of FLS.N earnings conference call or presentation 24-Feb-22 4:00pm GMT

Flowserve Corp Q4 2021 Earnings Call Transcript – 2022-02-24 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 24-Feb-22 4:00pm GMT

Flowserve Corp at Gabelli Pump, Valve & Water Systems Virtual Symposium Transcript – 2022-02-24 – US$ 54.00 – Edited Transcript of FLS.N presentation 24-Feb-22 7:30pm GMT

Flowserve Corp at Credit Suisse Global Industrials Conference (Virtual) Transcript – 2021-12-02 – US$ 54.00 – Edited Transcript of FLS.N presentation 2-Dec-21 1:10pm GMT

Flowserve Corp at Robert W Baird Global Industrial Conference (Virtual) Transcript – 2021-11-09 – US$ 54.00 – Edited Transcript of FLS.N presentation 9-Nov-21 5:25pm GMT

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MLA:
Thomson StreetEvents. "Flowserve Corp Q1 2022 Earnings Call Summary" May 03, 2022. Alacra Store. May 23, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Flowserve-Corp-Earnings-Call-B15184611>
  
APA:
Thomson StreetEvents. (2022). Flowserve Corp Q1 2022 Earnings Call Summary May 03, 2022. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Flowserve-Corp-Earnings-Call-B15184611>
  
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