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[8-K] Flowserve Corporation Reports Material Event

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Rhea-AI Filing Summary

OneMain Holdings (NYSE: OMF) Q2-25 10-Q highlights:

  • Net interest income rose 10.9% YoY to $1.02 bn as interest income (+9.8%) outpaced a modest 6.7% rise in interest expense.
  • Credit performance improved: provision for finance receivable losses fell 11% to $511 m, cutting the provision/net-interest-income ratio to 50% from 62%.
  • Bottom-line leverage: Net income doubled to $167 m (EPS $1.40 vs $0.59) and six-month net income reached $380 m (+69%).
  • Loan growth: Net finance receivables grew 1.3% YTD to $23.9 bn, led by auto (+10.8%) and credit-card (+17%). Allowance coverage remained stable at 11.5% of gross finance receivables.
  • Balance-sheet moves: Long-term debt increased $615 m to $22.1 bn; cash & equivalents +68% to $769 m, boosting liquidity.
  • Capital return: Dividends of $1.04/sh declared and $21 m of buybacks executed; tangible equity climbed to $3.33 bn.

Overall, higher net interest income and a lower loss provision drove a sharp earnings rebound, partially offset by rising leverage and still-elevated charge-offs.

Principali dati del 10-Q del secondo trimestre 2025 di OneMain Holdings (NYSE: OMF):

  • Reddito netto da interessi aumentato del 10,9% su base annua a 1,02 miliardi di dollari, grazie a un incremento del reddito da interessi (+9,8%) superiore a quello delle spese per interessi (+6,7%).
  • Miglioramento della performance creditizia: la provision per perdite sui crediti finanziari è diminuita dell'11% a 511 milioni di dollari, riducendo il rapporto provision/reddito netto da interessi dal 62% al 50%.
  • Incremento del risultato netto: l'utile netto è raddoppiato a 167 milioni di dollari (EPS di 1,40 dollari rispetto a 0,59) e l'utile netto semestrale ha raggiunto 380 milioni (+69%).
  • Crescita dei prestiti: i crediti finanziari netti sono cresciuti dell'1,3% da inizio anno raggiungendo 23,9 miliardi di dollari, trainati da auto (+10,8%) e carte di credito (+17%). La copertura delle riserve è rimasta stabile all'11,5% dei crediti finanziari lordi.
  • Movimenti nel bilancio: il debito a lungo termine è aumentato di 615 milioni a 22,1 miliardi; la liquidità (cassa e equivalenti) è cresciuta del 68% a 769 milioni, rafforzando la posizione di liquidità.
  • Ritorno al capitale: sono stati dichiarati dividendi di 1,04 dollari per azione e sono stati eseguiti riacquisti per 21 milioni; il patrimonio tangibile è salito a 3,33 miliardi di dollari.

In sintesi, l'aumento del reddito netto da interessi e la riduzione delle perdite hanno determinato una forte ripresa degli utili, parzialmente compensata dall'aumento della leva finanziaria e da un livello ancora elevato di svalutazioni.

Aspectos destacados del 10-Q del segundo trimestre de 2025 de OneMain Holdings (NYSE: OMF):

  • Ingresos netos por intereses aumentaron un 10,9% interanual hasta 1.020 millones de dólares, ya que los ingresos por intereses (+9,8%) superaron el modesto aumento del 6,7% en los gastos por intereses.
  • Mejora en el desempeño crediticio: la provisión para pérdidas por créditos financieros disminuyó un 11% a 511 millones de dólares, reduciendo la proporción provisión/ingresos netos por intereses del 62% al 50%.
  • Apalancamiento en el resultado final: el ingreso neto se duplicó hasta 167 millones de dólares (EPS de 1,40 frente a 0,59) y el ingreso neto semestral alcanzó 380 millones (+69%).
  • Crecimiento de préstamos: los créditos financieros netos crecieron un 1,3% en lo que va del año hasta 23.900 millones de dólares, impulsados por autos (+10,8%) y tarjetas de crédito (+17%). La cobertura de provisiones se mantuvo estable en el 11,5% de los créditos financieros brutos.
  • Movimientos en el balance: la deuda a largo plazo aumentó 615 millones hasta 22.100 millones; el efectivo y equivalentes crecieron un 68% hasta 769 millones, aumentando la liquidez.
  • Retorno de capital: se declararon dividendos de 1,04 dólares por acción y se ejecutaron recompras por 21 millones; el capital tangible subió a 3.330 millones.

En general, el aumento de los ingresos netos por intereses y la reducción de la provisión por pérdidas impulsaron una fuerte recuperación de las ganancias, parcialmente compensada por el aumento del apalancamiento y las provisiones por incobrables aún elevadas.

OneMain Holdings (NYSE: OMF) 2025년 2분기 10-Q 주요 내용:

  • 순이자수익이 전년 대비 10.9% 증가하여 10억 2천만 달러를 기록했으며, 이자수익(+9.8%)이 이자비용의 완만한 6.7% 증가를 앞질렀습니다.
  • 신용 성과 개선: 금융채권 손실충당금이 11% 감소한 5억 1,100만 달러로, 충당금/순이자수익 비율이 62%에서 50%로 낮아졌습니다.
  • 순이익 증가: 순이익이 두 배로 늘어나 1억 6,700만 달러(EPS 1.40달러 대 0.59달러)를 기록했으며, 6개월 누적 순이익은 3억 8,000만 달러(+69%)에 달했습니다.
  • 대출 성장: 순금융채권이 연초 대비 1.3% 증가하여 239억 달러에 이르렀으며, 자동차(+10.8%)와 신용카드(+17%)가 주도했습니다. 충당금 커버리지는 총 금융채권의 11.5%로 안정적이었습니다.
  • 대차대조표 변동: 장기 부채가 6억 1,500만 달러 증가하여 221억 달러가 되었고, 현금 및 현금성 자산은 68% 증가한 7억 6,900만 달러로 유동성이 강화되었습니다.
  • 자본 환원: 주당 1.04달러의 배당금이 선언되었고 2,100만 달러의 자사주 매입이 실행되었으며, 유형 자본은 33억 3,000만 달러로 증가했습니다.

전반적으로 순이자수익 증가와 손실충당금 감소가 강한 수익 반등을 견인했으나, 레버리지 증가와 여전히 높은 대손충당금이 일부 상쇄했습니다.

Points clés du 10-Q du deuxième trimestre 2025 de OneMain Holdings (NYSE : OMF) :

  • Revenu net d'intérêts en hausse de 10,9 % en glissement annuel à 1,02 milliard de dollars, les revenus d'intérêts (+9,8 %) ayant dépassé la hausse modérée des charges d'intérêts de 6,7 %.
  • Amélioration de la performance crédit : la provision pour pertes sur créances financières a diminué de 11 % à 511 millions de dollars, réduisant le ratio provision/revenu net d'intérêts de 62 % à 50 %.
  • Effet levier sur le résultat net : le bénéfice net a doublé pour atteindre 167 millions de dollars (BPA de 1,40 $ contre 0,59 $) et le bénéfice net sur six mois a atteint 380 millions (+69 %).
  • Croissance des prêts : les créances financières nettes ont augmenté de 1,3 % depuis le début de l'année pour atteindre 23,9 milliards de dollars, portées par l'automobile (+10,8 %) et les cartes de crédit (+17 %). La couverture des provisions est restée stable à 11,5 % des créances financières brutes.
  • Mouvements au bilan : la dette à long terme a augmenté de 615 millions pour atteindre 22,1 milliards ; la trésorerie et les équivalents ont progressé de 68 % à 769 millions, renforçant la liquidité.
  • Retour sur capital : des dividendes de 1,04 $ par action ont été déclarés et 21 millions de rachats d'actions ont été effectués ; les capitaux tangibles ont augmenté à 3,33 milliards.

Dans l'ensemble, la hausse du revenu net d'intérêts et la baisse des provisions ont entraîné un net rebond des bénéfices, partiellement compensé par un effet de levier accru et des charges toujours élevées.

OneMain Holdings (NYSE: OMF) Q2-25 10-Q Highlights:

  • Nettozinsertrag stieg im Jahresvergleich um 10,9 % auf 1,02 Mrd. USD, da die Zinserträge (+9,8 %) einen moderaten Anstieg der Zinsaufwendungen um 6,7 % übertrafen.
  • Verbesserte Kreditqualität: Die Rückstellung für Forderungsausfälle sank um 11 % auf 511 Mio. USD, wodurch das Verhältnis von Rückstellung zu Nettozinsertrag von 62 % auf 50 % gesenkt wurde.
  • Ergebnissteigerung: Der Nettogewinn verdoppelte sich auf 167 Mio. USD (EPS 1,40 USD gegenüber 0,59 USD), und der Nettogewinn für sechs Monate erreichte 380 Mio. USD (+69 %).
  • Kreditwachstum: Die Netto-Finanzforderungen wuchsen seit Jahresbeginn um 1,3 % auf 23,9 Mrd. USD, angeführt von Auto (+10,8 %) und Kreditkarten (+17 %). Die Rückstellungsquote blieb stabil bei 11,5 % der Brutto-Finanzforderungen.
  • Bilanzbewegungen: Die langfristigen Schulden stiegen um 615 Mio. USD auf 22,1 Mrd. USD; Bargeld und Äquivalente stiegen um 68 % auf 769 Mio. USD, was die Liquidität stärkte.
  • Kapitalrückführung: Dividenden von 1,04 USD je Aktie wurden erklärt, und Aktienrückkäufe im Wert von 21 Mio. USD wurden durchgeführt; das materielle Eigenkapital stieg auf 3,33 Mrd. USD.

Insgesamt führten höhere Nettozinserträge und geringere Rückstellungen zu einer starken Gewinnsteigerung, die teilweise durch steigende Verschuldung und weiterhin hohe Abschreibungen ausgeglichen wurde.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Earnings rebound on wider spreads and lower provisions; leverage edging up.

OneMain’s 2Q results show solid core momentum. Yield expansion and disciplined funding costs lifted NIM to 17.9%, while the delinquency mix remained contained. Management kept allowance coverage steady, signalling confidence in underwriting after last year’s Foursight acquisition integration. However, gross charge-offs of $1.02 bn YTD (4.1% of receivables) underscore continuing credit normalization. Debt-to-equity rose to 6.6×, so funding markets must stay accommodative. Still, 2Q ROE rebounded to ~20%, supporting the 11% dividend yield.

TL;DR: Credit trends better, but absolute loss levels and loan modifications warrant caution.

30-89 delinquency ratio improved YoY, and modification volume declined to 1.03% of receivables, indicating stabilizing borrower stress. Yet non-accrual loans sit at $540 m and modifications carry average 18% rate cuts, pressuring future yield. Rising unsecured receivables and an 11.5% reserve leave limited cushion if macro weakens. Investors should monitor the $438 m unused credit lines and whole-loan sale capacity ($450 m remaining) for liquidity impact.

Principali dati del 10-Q del secondo trimestre 2025 di OneMain Holdings (NYSE: OMF):

  • Reddito netto da interessi aumentato del 10,9% su base annua a 1,02 miliardi di dollari, grazie a un incremento del reddito da interessi (+9,8%) superiore a quello delle spese per interessi (+6,7%).
  • Miglioramento della performance creditizia: la provision per perdite sui crediti finanziari è diminuita dell'11% a 511 milioni di dollari, riducendo il rapporto provision/reddito netto da interessi dal 62% al 50%.
  • Incremento del risultato netto: l'utile netto è raddoppiato a 167 milioni di dollari (EPS di 1,40 dollari rispetto a 0,59) e l'utile netto semestrale ha raggiunto 380 milioni (+69%).
  • Crescita dei prestiti: i crediti finanziari netti sono cresciuti dell'1,3% da inizio anno raggiungendo 23,9 miliardi di dollari, trainati da auto (+10,8%) e carte di credito (+17%). La copertura delle riserve è rimasta stabile all'11,5% dei crediti finanziari lordi.
  • Movimenti nel bilancio: il debito a lungo termine è aumentato di 615 milioni a 22,1 miliardi; la liquidità (cassa e equivalenti) è cresciuta del 68% a 769 milioni, rafforzando la posizione di liquidità.
  • Ritorno al capitale: sono stati dichiarati dividendi di 1,04 dollari per azione e sono stati eseguiti riacquisti per 21 milioni; il patrimonio tangibile è salito a 3,33 miliardi di dollari.

In sintesi, l'aumento del reddito netto da interessi e la riduzione delle perdite hanno determinato una forte ripresa degli utili, parzialmente compensata dall'aumento della leva finanziaria e da un livello ancora elevato di svalutazioni.

Aspectos destacados del 10-Q del segundo trimestre de 2025 de OneMain Holdings (NYSE: OMF):

  • Ingresos netos por intereses aumentaron un 10,9% interanual hasta 1.020 millones de dólares, ya que los ingresos por intereses (+9,8%) superaron el modesto aumento del 6,7% en los gastos por intereses.
  • Mejora en el desempeño crediticio: la provisión para pérdidas por créditos financieros disminuyó un 11% a 511 millones de dólares, reduciendo la proporción provisión/ingresos netos por intereses del 62% al 50%.
  • Apalancamiento en el resultado final: el ingreso neto se duplicó hasta 167 millones de dólares (EPS de 1,40 frente a 0,59) y el ingreso neto semestral alcanzó 380 millones (+69%).
  • Crecimiento de préstamos: los créditos financieros netos crecieron un 1,3% en lo que va del año hasta 23.900 millones de dólares, impulsados por autos (+10,8%) y tarjetas de crédito (+17%). La cobertura de provisiones se mantuvo estable en el 11,5% de los créditos financieros brutos.
  • Movimientos en el balance: la deuda a largo plazo aumentó 615 millones hasta 22.100 millones; el efectivo y equivalentes crecieron un 68% hasta 769 millones, aumentando la liquidez.
  • Retorno de capital: se declararon dividendos de 1,04 dólares por acción y se ejecutaron recompras por 21 millones; el capital tangible subió a 3.330 millones.

En general, el aumento de los ingresos netos por intereses y la reducción de la provisión por pérdidas impulsaron una fuerte recuperación de las ganancias, parcialmente compensada por el aumento del apalancamiento y las provisiones por incobrables aún elevadas.

OneMain Holdings (NYSE: OMF) 2025년 2분기 10-Q 주요 내용:

  • 순이자수익이 전년 대비 10.9% 증가하여 10억 2천만 달러를 기록했으며, 이자수익(+9.8%)이 이자비용의 완만한 6.7% 증가를 앞질렀습니다.
  • 신용 성과 개선: 금융채권 손실충당금이 11% 감소한 5억 1,100만 달러로, 충당금/순이자수익 비율이 62%에서 50%로 낮아졌습니다.
  • 순이익 증가: 순이익이 두 배로 늘어나 1억 6,700만 달러(EPS 1.40달러 대 0.59달러)를 기록했으며, 6개월 누적 순이익은 3억 8,000만 달러(+69%)에 달했습니다.
  • 대출 성장: 순금융채권이 연초 대비 1.3% 증가하여 239억 달러에 이르렀으며, 자동차(+10.8%)와 신용카드(+17%)가 주도했습니다. 충당금 커버리지는 총 금융채권의 11.5%로 안정적이었습니다.
  • 대차대조표 변동: 장기 부채가 6억 1,500만 달러 증가하여 221억 달러가 되었고, 현금 및 현금성 자산은 68% 증가한 7억 6,900만 달러로 유동성이 강화되었습니다.
  • 자본 환원: 주당 1.04달러의 배당금이 선언되었고 2,100만 달러의 자사주 매입이 실행되었으며, 유형 자본은 33억 3,000만 달러로 증가했습니다.

전반적으로 순이자수익 증가와 손실충당금 감소가 강한 수익 반등을 견인했으나, 레버리지 증가와 여전히 높은 대손충당금이 일부 상쇄했습니다.

Points clés du 10-Q du deuxième trimestre 2025 de OneMain Holdings (NYSE : OMF) :

  • Revenu net d'intérêts en hausse de 10,9 % en glissement annuel à 1,02 milliard de dollars, les revenus d'intérêts (+9,8 %) ayant dépassé la hausse modérée des charges d'intérêts de 6,7 %.
  • Amélioration de la performance crédit : la provision pour pertes sur créances financières a diminué de 11 % à 511 millions de dollars, réduisant le ratio provision/revenu net d'intérêts de 62 % à 50 %.
  • Effet levier sur le résultat net : le bénéfice net a doublé pour atteindre 167 millions de dollars (BPA de 1,40 $ contre 0,59 $) et le bénéfice net sur six mois a atteint 380 millions (+69 %).
  • Croissance des prêts : les créances financières nettes ont augmenté de 1,3 % depuis le début de l'année pour atteindre 23,9 milliards de dollars, portées par l'automobile (+10,8 %) et les cartes de crédit (+17 %). La couverture des provisions est restée stable à 11,5 % des créances financières brutes.
  • Mouvements au bilan : la dette à long terme a augmenté de 615 millions pour atteindre 22,1 milliards ; la trésorerie et les équivalents ont progressé de 68 % à 769 millions, renforçant la liquidité.
  • Retour sur capital : des dividendes de 1,04 $ par action ont été déclarés et 21 millions de rachats d'actions ont été effectués ; les capitaux tangibles ont augmenté à 3,33 milliards.

Dans l'ensemble, la hausse du revenu net d'intérêts et la baisse des provisions ont entraîné un net rebond des bénéfices, partiellement compensé par un effet de levier accru et des charges toujours élevées.

OneMain Holdings (NYSE: OMF) Q2-25 10-Q Highlights:

  • Nettozinsertrag stieg im Jahresvergleich um 10,9 % auf 1,02 Mrd. USD, da die Zinserträge (+9,8 %) einen moderaten Anstieg der Zinsaufwendungen um 6,7 % übertrafen.
  • Verbesserte Kreditqualität: Die Rückstellung für Forderungsausfälle sank um 11 % auf 511 Mio. USD, wodurch das Verhältnis von Rückstellung zu Nettozinsertrag von 62 % auf 50 % gesenkt wurde.
  • Ergebnissteigerung: Der Nettogewinn verdoppelte sich auf 167 Mio. USD (EPS 1,40 USD gegenüber 0,59 USD), und der Nettogewinn für sechs Monate erreichte 380 Mio. USD (+69 %).
  • Kreditwachstum: Die Netto-Finanzforderungen wuchsen seit Jahresbeginn um 1,3 % auf 23,9 Mrd. USD, angeführt von Auto (+10,8 %) und Kreditkarten (+17 %). Die Rückstellungsquote blieb stabil bei 11,5 % der Brutto-Finanzforderungen.
  • Bilanzbewegungen: Die langfristigen Schulden stiegen um 615 Mio. USD auf 22,1 Mrd. USD; Bargeld und Äquivalente stiegen um 68 % auf 769 Mio. USD, was die Liquidität stärkte.
  • Kapitalrückführung: Dividenden von 1,04 USD je Aktie wurden erklärt, und Aktienrückkäufe im Wert von 21 Mio. USD wurden durchgeführt; das materielle Eigenkapital stieg auf 3,33 Mrd. USD.

Insgesamt führten höhere Nettozinserträge und geringere Rückstellungen zu einer starken Gewinnsteigerung, die teilweise durch steigende Verschuldung und weiterhin hohe Abschreibungen ausgeglichen wurde.

FLOWSERVE CORP false 0000030625 0000030625 2025-07-29 2025-07-29
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2025

 

 

FLOWSERVE CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

 

 

New York   1-13179   31-0267900
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

5215 N. O’Connor Blvd., Suite 700, Irving, Texas   75039
(Address of Principal Executive Offices)   (Zip Code)

(972) 443-6500

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, $1.25 Par Value   FLS   New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 2.02

Results of Operations and Financial Condition.

On July 29, 2025, Flowserve Corporation, a New York corporation (the “Company”), issued a press release announcing financial results for the second quarter ended June 30, 2025. A copy of this press release is attached as Exhibit 99.1 and incorporated herein by reference.

The information in this Item 2.02 of Form 8-K and in Exhibit 99.1 attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

 

Item 7.01

Regulation FD Disclosure.

On July 30, 2025, the Company will make a presentation about its financial and operating results for the second quarter of 2025, as noted in the press release described in Item 2.02 above. The Company has posted the presentation on its website at http://www.flowserve.com under the “Investors” section.

The information in this Item 7.01 of Form 8-K and in Exhibit 99.1 attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
No.

  

Description

99.1    Press Release, dated July 29, 2025.
104    Cover Page Interactive Data File (embedded within the Inline XBRL Document).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

      FLOWSERVE CORPORATION
Dated: July 29, 2025     By:  

/s/ Amy B. Schwetz

      Amy B. Schwetz
      Senior Vice President, Chief Financial Officer

FAQ

How much did OneMain Holdings (OMF) earn in Q2 2025?

OMF reported $167 million in net income, equal to $1.40 diluted EPS.

What drove the year-over-year earnings improvement for OMF?

Higher net interest income (+$100 m) and an $64 m reduction in loss provisions were the primary drivers.

How did loan balances change during the first half of 2025?

Net finance receivables increased to $23.9 billion, with auto loans up 10.8% and credit-card receivables up 17%.

What is OneMain’s current dividend payout?

The board declared a $1.04 per share quarterly dividend, matching the prior year.

What is the size of OneMain’s allowance for finance receivable losses?

The allowance stands at $2.75 billion, about 11.5% of gross finance receivables.

How leveraged is OneMain after Q2 2025?

Long-term debt totals $22.1 billion, approximately 6.6× shareholders’ equity.
Flowserve Corp

NYSE:FLS

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7.17B
130.01M
0.57%
97.36%
1.56%
Specialty Industrial Machinery
Pumps & Pumping Equipment
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United States
IRVING