Flowserve Beats on Q3 Adjusted EPS, Lifts Low End of Guidance but Cuts Organic Sales Outlook
FLS sits 43% above its 52-week low of $52.37.
Summary
Adjusted EPS of $1.07 beat the $0.98 consensus, up 19% year over year, while sales of $1.24B rose 5% and matched estimates. Adjusted operating margin expanded 170 bps on strong bookings, including record aftermarket bookings. The offset: Flowserve cut its 2026 organic sales outlook to down 2.5% to down 1.5% and flagged increasingly challenging Middle East conditions delaying customer activity and revenue conversion into Q4. It did raise the low end of full-year adjusted EPS guidance to $4.10-$4.20, and it sees FY26 capital expenditures of about $90M. The mixed print follows the September 8-K disclosing CFO Amy Schwetz's resignation effective September 30, with Brian Ezzell stepping in.
At the time of this announcement, FLS was trading at $74.89 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $9.1B. The 52-week trading range was $52.37 to $92.41. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.