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Flowserve
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Latest analysis
Updated Oct 29, 2026
Flowserve posts record $3.5B backlog and 14% bookings growth in Q3 2026, but cuts full-year sales outlook on escalating Middle East conflict.
Flowserve delivered record bookings of $1.38 billion in Q3 2026, up 14% year over year, with aftermarket bookings exceeding $700 million for the first time and nuclear bookings above $115 million. Adjusted operating margin expanded 170 basis points to 16.5%, and adjusted EPS grew 19% to $1.07, both ahead of expectations. The company revised its full-year organic sales outlook to a decline of 1.5% to 2.5%, driven by accelerating Middle East conflict headwinds that cost approximately $40 million in Q3 revenue and are intensifying in Q4, while raising the low end of its adjusted EPS guidance range to $4.10-$4.20.
Tone: mixedRevenue
$4.7B
FLS 10-K · FY 2025
Employees
16,000
Revenue FY2024
$4.6B
Founded
1912
Profile
FLS 10-K Item 1 · Feb 17, 2026Flowserve Corporation is a world-leading manufacturer and aftermarket service provider of comprehensive flow control systems, including pumps, valves, seals, and automation products. The company serves global infrastructure industries such as energy, chemicals, power generation, and general industries including water management and pharmaceuticals. Its two segments — Flowserve Pumps Division and Flow Control Division — are supported by a global network of Quick Response Centers across approximately 48 countries.
Read filing description ↓ Collapse description ↑
Flowserve's goal is to create extraordinary flow control solutions to make the world better for everyone. We are a world-leading manufacturer and aftermarket service provider of comprehensive flow control systems. We develop and manufacture precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials in our customers' critical processes. Our product portfolio of pumps, valves, seals, automation and aftermarket services supports global infrastructure industries, including energy, chemical, power generation and general, which includes water management and pharmaceuticals, where our products and services enable customers to achieve their goals. Through our manufacturing platform and global network of Quick Response Centers ('QRCs'), we offer a broad array of aftermarket equipment services, such as installation, advanced diagnostics and turnkey maintenance programs. Flowserve has a clear growth strategy as we transform our operations to better meet our customers' needs. Our overarching strategic objectives are to remain a global leader in the flow control industry and capitalize on growth through our traditional end markets as well as through specifically identified growth areas, such as the nuclear, energy transition and power generation markets. We maintain a strategic plan that takes a balanced approach to integrating both short-term and long-term initiatives and accelerates growth through three key areas: diversification, decarbonization, and digitization (the '3D Strategy'). The Flowserve Business System helps guide the enterprise on incorporating best in class operational practices within the following categories: People Excellence, Operational Excellence, Portfolio Excellence, Commercial Excellence, and Innovation Excellence.
Primary products
- pumps
- mechanical seals
- auxiliary systems
- isolation valves
- control valves
- valve automation products
Business segments
End markets
Geographies
Named competitors
“Based on independent industry sources, we believe that FCD is the second largest industrial valve supplier on a global basis.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Sales increased from $4,557.8 million in 2024 to $4,729.3 million in 2025, reflecting growth across Flowserve's end markets including power generation and general industries.
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