Flowserve Corp Q2 2021 Earnings Call Summary - Thomson StreetEvents

Flowserve Corp Q2 2021 Earnings Call Summary

Flowserve Corp Q2 2021 Earnings Call Summary - Thomson StreetEvents
Flowserve Corp Q2 2021 Earnings Call Summary
Published Aug 06, 2021
18 pages (10592 words) — Published Aug 06, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of FLS.N earnings conference call or presentation 6-Aug-21 3:00pm GMT

  
Brief Excerpt:

...A. Highlights: Adjusted EPS $0.37. 1. Up 32% sequentially. a. b. Reflects Co.'s continued transformation progress. 2. Bookings $953m. Up nearly 18% YoverY. a. b. At this level, 2Q was a momentum building qtr., as bookings inflected upward and Co. now has clear line of sight to earnings growth. 3. Higher levels of bookings and improved operational performance provided Co. confidence to raise full-year outlook further. Revised 2021 adjusted EPS guidance $1.45-1.65. a. 4. Since the start of the pandemic, indicated that recovery in end markets was expected to be directly correlated with progress being made with COVID-19. Each country and geography is at different stages in fighting the pandemic. a. Globally, a clear pattern has emerged. i. b. As countries rollout vaccines, COVID cases decline dramatically and mobility and consumption begin to improve. This in turn drives customer spending for nearly all of Co.'s end markets. i. c. Confident in Co.'s ability to continue to grow enterprise and...

  
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 : I'd like to just have a discussion on the incremental margins or decremental margins. I think it's probably instructive if we split those up, seeing as FPD is likely to have revenue declines and FCD is likely to have revenue increases in 2021. The FPD decremental in the second quarter was 40%, which I think in order to get to the full year decremental numbers, you're likely to need to see that improve. I would think mix is one of the reasons that, that should improve going forward. But if you could just talk about what the expectations are for decrementals for FPD in the second half and why they should improve?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : And then the incremental margin in FCD in the quarter was a bit lower than I would have expected at 13%. Maybe that has something to do again with the cost actions, temporary cost actions taken in 2020. But just if you can talk about what drives the improvement in incremental margins in FCD in the back half of the year?

Table Of Contents

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

Flowserve Corp Q3 2021 Earnings Call Summary – 2021-10-28 – US$ 54.00 – Edited Brief of FLS.N earnings conference call or presentation 28-Oct-21 3:00pm GMT

Flowserve Corp Q3 2021 Earnings Call Transcript – 2021-10-28 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 28-Oct-21 3:00pm GMT

Flowserve Corp at RBC Capital Markets Global Industrials Conference (Virtual) Transcript – 2021-09-09 – US$ 54.00 – Edited Transcript of FLS.N presentation 9-Sep-21 5:20pm GMT

Flowserve Corp Q2 2021 Earnings Call Transcript – 2021-08-06 – US$ 54.00 – Edited Transcript of FLS.N earnings conference call or presentation 6-Aug-21 3:00pm GMT

Flowserve Corp at Cowen Sustainability & Energy Transition Summit (Virtual) Transcript – 2021-06-09 – US$ 54.00 – Edited Transcript of FLS.N presentation 9-Jun-21 7:10pm GMT

Flowserve Corp at Stifel Cross Sector Insight Conference (Virtual) Transcript – 2021-06-08 – US$ 54.00 – Edited Transcript of FLS.N presentation 8-Jun-21 2:00pm GMT

Flowserve Corp Annual Shareholders Meeting Transcript – 2021-05-20 – US$ 54.00 – Edited Transcript of FLS.N shareholder or annual meeting 20-May-21 4:30pm GMT

Flowserve Corp at Goldman Sachs Industrials and Materials Conference (Virtual) Transcript – 2021-05-11 – US$ 54.00 – Edited Transcript of FLS.N presentation 11-May-21 6:40pm GMT

Flowserve Corp Q1 2021 Earnings Call Summary – 2021-05-04 – US$ 54.00 – Edited Brief of FLS.N earnings conference call or presentation 4-May-21 3:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Flowserve Corp Q2 2021 Earnings Call Summary" Aug 06, 2021. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Flowserve-Corp-Earnings-Call-B14936251>
  
APA:
Thomson StreetEvents. (2021). Flowserve Corp Q2 2021 Earnings Call Summary Aug 06, 2021. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Flowserve-Corp-Earnings-Call-B14936251>
  
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