AI Earnings Predictions for Flowserve Corporation (FLS)

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EX-99.1

EXHIBIT 99.1

Flowserve Corporation Reports Third Quarter 2026 Results

Flowserve Business System Delivers Strong Q3 Performance; Updates 2026 Guidance

DALLAS, October 28, 2026 – Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the third quarter ended September 30, 2026.

Highlights:

•

Bookings of $1.38 billion, up 14% on a reported basis and 8% organically versus the prior-year period

•

Record aftermarket bookings of $728 million

•

Operating margin of 12.5% expanded 580 basis points and adjusted1 operating margin2 of 16.5% expanded 170 basis points compared to the prior-year period

•

Reported EPS of $0.81 and adjusted EPS3 of $1.07

•

Raised the low end of full-year 2026 adjusted EPS3 guidance

to $4.10 to $4.20

•

Revised full-year 2026 organic sales guidance to down 2.5% to down 1.5% reflecting increasingly challenging

conditions in the Middle East

•

Backlog of $3.5 billion, up 20% year over year, the largest backlog in Flowserve’s history

Management Commentary:

“Our teams delivered another quarter of meaningful bookings growth, adjusted operating margin expansion, and higher adjusted earnings per share while navigating ongoing Middle East disruption,” said Scott Rowe, Flowserve’s President and Chief Executive Officer. “The Flowserve Business System is helping us translate solid market demand into bookings growth and stronger profitability, with a clear focus on growth, execution, and customer service. The resilience and commitment of our associates around the globe remain instrumental in our ability to deliver for our customers and shareholders.”

“With three quarters behind us, our year-to-date earnings performance and continued margin expansion support raising the low end of our adjusted EPS guidance range. At the same time, we are lowering our full-year sales growth outlook to reflect more challenging operating conditions in the Middle East, which are delaying customer activity and revenue conversion and are expected to impact fourth-quarter sales. Significant growth in our backlog, alongside healthy underlying demand across our end markets, reinforces our confidence in delivering mid-single digit organic sales CAGR through 2030, while continued operational progress supports our broader long-term financial targets. We remain focused on converting our growing backlog to sales, further reducing complexity in our operations, and continuing to deliver margin expansion to create shareholder value.”

Key Figures (unaudited):

(dollars in millions, except per share)

Q3 2026

Q3 2025

Change

YTD 2026

YTD 2025

Change

Organic Bookings

7.7 %

6.1 %

Acquisitions/Divestitures Impact

660 bps

270 bps

Foreign Exchange Impact

(20 bps )

150 bps

Total Bookings

$ 1,383.5

$ 1,213.0

14.1 %

$ 3,872.5

$ 3,511.2

10.3 %

Original Equipment Bookings

$ 655.8

$ 559.9

17.1 %

$ 1,768.6

$ 1,549.0

14.2 %

Aftermarket Bookings

$ 727.7

$ 653.1

11.4 %

$ 2,103.9

$ 1,962.2

7.2 %

Organic Sales4

(1.2 %)

(4.9 %)

Acquisitions/Divestitures Impact

670 bps

260 bps

Foreign Exchange Impact

(10 bps )

140 bps

Reported Sales

$ 1,237.8

$ 1,174.4

5.4 %

$ 3,475.2

$ 3,507.1

(0.9 %)

Operating Margin

12.5 %

6.7 %

580 bps

12.2 %

10.2 %

200 bps

Adjusted Operating Margin

16.5 %

14.8 %

170 bps

15.6 %

14.1 %

150 bps

Earnings Per Share (EPS)

$ 0.81

$ 1.67

(51.5 %)

$ 2.21

$ 2.85

(22.5 %)

Adjusted Earnings Per Share (EPS)

$ 1.07

$ 0.90

18.9 %

$ 2.87

$ 2.53

13.4 %

Cash From Operations

$ 144.1

$ 401.8

($ 257.7 )

$ 230.3

$ 506.1

($ 275.8 )

Backlog

$ 3,471.8

$ 2,896.1

19.9 %

$ 3,471.8

$ 2,896.1

19.9 %

2026 Guidance3:

The Company updated 2026 guidance:

Prior

Current

Organic Sales Growth

Approx. (1%)

(2.5%) to (1.5%)

Impact From Acquisitions/Divestitures

Approx. +300 bps

Approx. +350 bps

Impact From Foreign Exchange Translation

Approx. +100 bps

Approx. +100 bps

Total Sales Growth

Approx. +3%

+2% to +3%

Adjusted EPS

$4.05 to $4.20

$4.10 to $4.20

Net Interest Expense

Approx. $85 million

Approx. $85 million

Adjusted Tax Rate

21% to 22%

21% to 22%

Capital Expenditures

Approx. $100 million

Approx. $90 million

2

The guidance assumes tariff rates in place as of October 1, 2026, and assumes increasingly challenging conditions in the Middle East, which have been impacted by armed conflict and geopolitical instability.

Webcast and Conference Call Instructions:

Flowserve will host its conference call to discuss third quarter results on Thursday, October 29, 2026, at 8:30 a.m. Eastern Time. The call can be accessed by shareholders and other interested parties on Flowserve’s Investor Relations website.

Upcoming Investor Conferences:

Flowserve announced its participation in the following upcoming investor conferences:

•

On Wednesday, November 11, 2026, Scott Rowe and Brian Ezzell, Senio

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