After today's market close, the Irving, TX-based flow control systems maker reported adjusted earnings of 89 cents per share, missing analysts' expectations for earnings of 92 cents per share.
Revenue for the period was $1.29 billion, which topped Wall Street's estimates of $1.22 billion.
"During 2015 and into the fourth quarter, our end-markets deteriorated further than anticipated a year ago and we are not currently forecasting near-term improvement," CEO Mark Blinn said in a statement this afternoon.
"However, Flowserve's operating results for the fourth quarter were solid, which generated full year Adjusted EPS in-line with our third quarter guidance," he added.
Flowserve is a manufacturer and aftermarket service provider of flow control systems.
It develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials.
Separately, TheStreet Ratings Team has a Hold rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed.
The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures.
As a counter to these strengths, the team also finds weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and deteriorating net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FLS