Flowserve Q2: Bookings Surge 26%, Backlog Hits $3.3B; Guidance Raised

summarizeSummary

Flowserve reported Q2 2026 earnings with bookings surging 26% to $1.35 billion and backlog reaching $3.3 billion. The company raised the low end of its full-year adjusted EPS guidance to $4.05–$4.20, though organic sales guidance was trimmed to -1% due to Middle East uncertainty.

check_boxKey Events · Earnings and Guidance · FLS

• Bookings Surge 26% to $1.35B

  Total bookings rose 25.5% year-over-year to $1.35 billion, with original equipment bookings up 43.9% and aftermarket bookings up 12.1% to a record $696 million.

• Adjusted EPS Beats at $0.95

  Adjusted earnings per share of $0.95 exceeded expectations, up 4.4% from $0.91 a year ago, driven by operating margin expansion of 70 basis points to 15.3%.

• Full-Year EPS Guidance Raised

  Flowserve raised the low end of its 2026 adjusted EPS guidance to $4.05–$4.20 (from $4.00–$4.20), while trimming organic sales growth guidance to approximately -1% due to Middle East conflict impacts.

• Backlog Grows to $3.3B

  Backlog reached $3.336 billion, up 16.9% year-over-year, including $225 million from the Trillium Valves acquisition, providing strong revenue visibility.

auto_awesomeAnalysis · FLS · Technology

Flowserve delivered a strong Q2 with bookings up 26% year-over-year, driven by record aftermarket demand and a 44% jump in original equipment orders. Adjusted EPS of $0.95 beat expectations, and the company raised the low end of its full-year adjusted EPS guidance to $4.05–$4.20. The backlog swelled to $3.3 billion, including $225 million from the Trillium acquisition, signaling robust demand across power, nuclear, and energy security markets. However, organic sales declined 3.3% and full-year organic sales guidance was trimmed to approximately -1%, reflecting ongoing Middle East geopolitical headwinds. The results underscore the durability of Flowserve's 3D growth strategy and margin expansion, but the sales headwind tempers the enthusiasm.