Flow International Corp. (FLOW, Financial) filed Quarterly Report for the period ended 2012-07-31.
Flow International Corporation has a market cap of $162 million; its shares were traded at around $3.47 with a P/E ratio of 16.9 and P/S ratio of 0.6.
Sales in our Standard segment increased $9.0 million or 17% over the prior year comparative period. Excluding the impact of foreign currency changes, sales in the Standard segment increased $11.5 million or 22% for the three months ended July 31, 2012
Gross margin for the three months ended July 31, 2012 amounted to $24.2 million or 39% of sales compared to $21.6 million or 41% of sales in the prior year comparative period. Generally, comparison of gross margin rates will vary period over period based on changes in our product sales mix and prices, geographic mix and levels of production volume.
For the three months ended July 31, 2012, sales in our Advanced segment decreased by $2.8 million or 40% over the prior year comparative period. The decrease in sales was primarily driven by the timing of our Advanced contracts in the current fiscal year.
Gross margin for the three months ended July 31, 2012 amounted to $0.5 million or 13% of sales as compared to $1.5 million and 21% of sales in the prior year comparative period. Gross margin as a percentage of sales in the Advanced segment was lower for the three months ended July 31, 2012 in part due to the impact of lower throughput in our manufacturing plan, and also as a result of the type of projects and the stages of the projects. Advanced segment gross margins will vary period over period based on changes in product mix, geographic mix and levels of production.
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Flow International Corporation has a market cap of $162 million; its shares were traded at around $3.47 with a P/E ratio of 16.9 and P/S ratio of 0.6.
Highlight of Business Operations:
Overall revenues of $66.2 million for the three months ended July 31, 2012 represent a new all-time quarterly high and a 10% increase from $60.0 million in the year-ago quarter;Sales in our Standard segment increased $9.0 million or 17% over the prior year comparative period. Excluding the impact of foreign currency changes, sales in the Standard segment increased $11.5 million or 22% for the three months ended July 31, 2012
Gross margin for the three months ended July 31, 2012 amounted to $24.2 million or 39% of sales compared to $21.6 million or 41% of sales in the prior year comparative period. Generally, comparison of gross margin rates will vary period over period based on changes in our product sales mix and prices, geographic mix and levels of production volume.
For the three months ended July 31, 2012, sales in our Advanced segment decreased by $2.8 million or 40% over the prior year comparative period. The decrease in sales was primarily driven by the timing of our Advanced contracts in the current fiscal year.
Gross margin for the three months ended July 31, 2012 amounted to $0.5 million or 13% of sales as compared to $1.5 million and 21% of sales in the prior year comparative period. Gross margin as a percentage of sales in the Advanced segment was lower for the three months ended July 31, 2012 in part due to the impact of lower throughput in our manufacturing plan, and also as a result of the type of projects and the stages of the projects. Advanced segment gross margins will vary period over period based on changes in product mix, geographic mix and levels of production.
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