Flowserve Forecasts 2026 EPS of $4.10 to $4.20 Amid Strong Bookings and Record Backlog
Flowserve (FLS) reported strong third-quarter performance, characterized by a 14% year-over-year increase in bookings, reaching $1.4 billion. CEO Robert Rowe highlighted exceptional margin expansion, earnings growth, and healthy cash flow during the period, noting that the company has achieved a record backlog. Looking ahead, the company provided a long-term outlook with projected 2026 earnings per share (EPS) between $4.10 and $4.20. Despite these positive operational metrics, management noted that disruptions in the Middle East continue to persist, which may influence broader market dynamics.
Tickers: $FLS
Topics: backlog bookings increase cash flow earnings growth margin expansion
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Part of the story Flowserve Reports Record Bookings and 19% EPS Growth Amid Middle East Headwinds (3 articles)