Flow International Earnings: What Investors Need to Know

Flow International Corp. (NASDAQ:FLOW) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Flow International Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Decreased 10.93% to $59 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Flow International Corp. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.01. It beat the average revenue estimate of $57.93 million.

Quoting Management: “We saw our order patterns and revenue stabilize in Q1, following the macro-economic driven pull back in Q4,” said Charley Brown, President and CEO. “We are also encouraged by early evidence of growth beyond those stable levels. The $13 million of cost reductions we announced in June are ahead of schedule, giving us confidence in our ability to achieve all of these savings, which represent more than 100% of last year’s Operating Income.”

Key Stats (on next page)…

Revenue increased 1.01% from $58.41 million in the previous quarter. EPS decreased to $-0.02 in the quarter versus EPS of $0.01 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.07 to a profit $0.03. For the current year, the average estimate has moved down from a profit of $0.3 to a profit of $0.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)