Flowserve Reports Record Bookings and 19% EPS Growth Amid Middle East Headwinds
Flowserve Corporation (FLS) reported strong third-quarter results for 2026, highlighted by a 19% year-over-year increase in adjusted earnings per share to $1.07. The company achieved record bookings of $1.38 billion, driven by significant nuclear project awards and unprecedented aftermarket demand, which reached $728 million. A record backlog of $3.5 billion further underscores strong future demand. Despite these gains, geopolitical instability in the Middle East created a $40 million revenue headwind due to restricted site access and delayed shipments. Consequently, Flowserve revised its full-year organic sales guidance slightly downward to account for regional disruptions. However, management raised the low end of its full-year adjusted EPS guidance to $4.10–$4.20, reflecting robust margin expansion and disciplined cost execution.
Tickers: $FLS
Topics: aftermarket demand bookings growth earnings report margin expansion nuclear energy projects
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