Flowserve Posts 3Q EPS of 81 Cents
FLS sits 37% above its 52-week low of $52.37.
Summary
Flowserve reported third-quarter EPS of 81 cents, with adjusted EPS of $1.07, net income of $103M and sales of $1.24B. Total bookings came in at $1.38B. The company updated its 2026 outlook with lower sales growth and a raised EPS floor, cutting 2026 organic sales guidance to down 2.5% to down 1.5% on Middle East weakness while raising the low end of adjusted EPS guidance to $4.10 to $4.20. Context matters here: Q2 net income was $99M with backlog at $3.3B after closing the $490M TVD acquisition, and the CFO transition announced September 14 (Amy Schwetz departing, Brian Ezzell stepping in) puts extra weight on the numbers and any outlook commentary.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Flowserve cut 2026 organic sales guidance to down 2.5% to down 1.5% on Middle East weakness, while raising the low end of adjusted EPS guidance to $4.10 to $4.20.
At the time of this announcement, FLS was trading at $71.81 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 negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.