Flowserve Corporation Q3 2026 Earnings Recap

Flowserve rose 11.9% after reporting 14% bookings growth, 170 basis points of adjusted operating margin expansion, and 19% adjusted EPS growth. The company also raised the low end of its EPS guidance, though it revised its sales outlook lower amid increasingly challenging Middle East conditions.

Key Takeaways

• Bookings increased 14% to $1.4 billion; the book-to-bill ratio was 1.12x, and backlog reached a record $3.5 billion.
• Aftermarket bookings rose 11% to $728 million, while original equipment bookings grew 17% to $656 million.
• Adjusted operating margin expanded 170 basis points to 16.5%; adjusted EPS grew 19% to $1.07.
• Sales were $1.24 billion, in line with expectations; reported sales rose 5%, but organic sales declined 1%.
• Management cited Middle East headwinds, including customers deferring some noncritical maintenance and larger turnarounds, as it revised its full-year sales outlook.