Business Context and Reporting Period
Company: Flowserve Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: October 10, 2006
Reporting Period: Third Quarter ending September 30, 2006 (Bookings); First Half of 2006 (Financial Results Discussion)
Key Financial Metrics
This filing serves as a notification of a press release and conference call rather than a detailed financial statement. Specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity are not provided within the text of this Form 8-K.
- Bookings: Increased bookings for the third quarter ending September 30, 2006.
- Performance Benchmark: Third-quarter bookings surpassed the previous record set in the third quarter of 2005.
Material Changes
The primary material change reported is the record-breaking level of bookings in the third quarter of 2006 compared to the prior year's third quarter. The filing references a discussion of financial results for the first half of 2006 but does not detail specific variances in the text provided.
Guidance, Outlook, and Management Commentary
Management hosted an investors' conference call on October 10, 2006, to discuss financial results for the first half of 2006. The transcript of this call is included as Exhibit 99.2. The filing explicitly states that the information contained in Item 2.02 and the attached exhibits is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific booking figures and revenue details for Q3 2006.
- Review Exhibit 99.2 (Conference Call Transcript) for management's commentary on H1 2006 financial results and future outlook.
- Verify the specific dollar amount of the Q3 2005 booking record to quantify the growth mentioned.
- Check subsequent 10-Q or 10-K filings for the audited financial statements corresponding to the periods discussed.