Flowserve sheds asbestos liabilities for $199M cash contribution; expects $140M Q4 charge

FLOWSERVE CORP

Completed sale of BW/IP (asbestos liabilities) to Acorn affiliate; contributed $199M cash and insurance assets.
Buyer contributed $20M; Flowserve fully indemnified with no future financial exposure to transferred liabilities.
Expects one-time pre-tax loss of ~$140M in Q4 2025, excluded from adjusted EPS.
Asbestos liabilities and related insurance assets removed from balance sheet; buyer now manages claims.

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