earnings
confidence high
sentiment neutral
materiality 0.75
Flowserve Q2 bookings up 26% to $1.35B; adjusted EPS $0.95; cuts FY sales guidance on Middle East
FLOWSERVE CORP
2026-Q2 EPS reported
$1.41
- Q2 bookings $1.35B (+26% YoY); record aftermarket bookings $696M.
- Reported EPS $0.77; adjusted EPS $0.95 vs. $0.91 YoY.
- Adjusted operating margin 15.3%, up 70 bps YoY; 14th consecutive quarter of adjusted gross margin expansion.
- Updated FY 2026 organic sales guidance to ~-1% (from -1% to +2%) due to Middle East conflict.
- Raised low end of adjusted EPS guidance to $4.05-$4.20 (from $4.00-$4.20); backlog $3.34B (+16.9% YoY).