FlowServe reported Q3 bookings of about $1.3 billion, record backlog and aftermarket, while maintaining targets of mid-single-digit revenue growth and 20% operating income by 2030. Management said aftermarket growth was running mid to high single digits, outpacing original-equipment revenue.
FLS · Flowserve Corp
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FlowServe reported about $1.3 billion of bookings and a record backlog, reinforcing confidence in its 2030 targets of mid-single-digit revenue growth, 20% operating income and double-digit EPS growth.
Flowserve reported third-quarter bookings up 14% to $1.4 billion, adjusted operating margin of 16.5%, adjusted EPS of $1.07 and record backlog of $3.5 billion; it revised full-year organic sales guidance to a 1.5% to 2.5% decline and raised EPS guidance to $4.10-$4.20.
Flowserve bookings for the nine months ended September 30, 2026 increased by $361.3 million, or 10.3%; sales decreased by $31.9 million, or 0.9%; and backlog reached $3.5 billion at September 30, 2026, up 21% from December 31, 2025.
Flowserve Corporation reported Q3 bookings of $1.38 billion, adjusted EPS of $1.07 and adjusted operating margin of 16.5%, while lowering 2026 organic sales guidance to down 2.5% to down 1.5% and raising adjusted EPS guidance to $4.10 to $4.20.
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AI Brief
Q3 FY26 earnings call · Oct 29, 2026TL;DR. FlowServe delivered 14% bookings growth, 19% adjusted EPS growth, margin expansion, and a record $3.5 billion backlog, while raising the low end of full-year adjusted EPS guidance and increasing its share-repurchase authorization. Organic sales, reported EPS, and General Industries bookings declined, full-year sales guidance was reduced because of worsening Middle East disruption, and full-year free-cash-flow conversion is now expected to be approximately 80% of adjusted net earnings.
- + Adjusted gross margin expanded 190 basis points and adjusted operating margin expanded 170 basis points to 16.5%.
- + Bookings increased 14% year over year to $1.38 billion.
- + Adjusted EPS increased 19% to $1.07.
- + Backlog reached a record $3.5 billion, up 20% year over year and 4% sequentially.
- + Power bookings grew 23%, and nuclear bookings exceeded $115 million.
- + The company returned $78 million to shareholders in Q3 and increased its share-repurchase authorization to $500 million.
- − Full-year organic sales guidance was lowered to a decline of 1.5% to 2.5%, and total sales growth guidance was reduced to 2% to 3%.
- − The Middle East created an approximately $40 million sales headwind and is expected to continue affecting fourth-quarter deliveries and activity.
- − General Industries bookings declined 8% in the third quarter and 1% year to date.
- − Full-year free-cash-flow conversion is expected to be approximately 80% of adjusted net earnings because of Middle East working-capital and collection headwinds.
- − Original equipment sales declined 2% in the third quarter.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Versus peers
Specialty Industrial Machinery — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FLS
this stock
Flowserve Corp
|
$10.54B | +19.8% | +3.8% | 41.4 | 6.9% |
|
GEV
GE Vernova Inc.
|
$212.57B | +22.9% | +9.0% | 21.1 | 2.8% |
|
ETN
Eaton Corp plc
|
$137.13B | +10.8% | +10.3% | 35.3 | 1.8% |
|
SMERY
Siemens Energy AG
|
$123.80B | — | — | — | 0.0% |
|
PH
Parker-Hannifin Corp
|
$120.51B | +8.7% | +18.9% | 32.8 | 1.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 11, 2026
- This year
- 25
FlowServe reported about $1.3 billion of bookings and a record backlog, reinforcing confidence in its 2030 targets of mid-single-digit revenue growth, 20% operating income and double-digit EPS growth.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FLS | +3.4% | +17.8% | +13.3% | +5.2% | +19.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.8% | +19.0% | +12.8% | +5.4% | +9.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.