Flowserve Corp (FLS)
NYSE:FLS
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.86Last Year’s EPS
0.91Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive view: strong operational execution drove significant margin expansion, EPS growth and aftermarket momentum while management maintained full-year guidance and highlighted a robust project funnel (including nuclear awards) and a healthy balance sheet. However, meaningful near-term headwinds remain—principally the Middle East conflict, an early-year softness in run-rate OEM bookings and temporary cash/working capital draw—creating short-term uncertainty. Management emphasized mitigation actions (supply-chain repositioning, Flowserve Business System and 80/20) and expects the second half to improve, signaling confidence in delivering the full-year targets despite quarter-to-date disruptions.Company Guidance
Adjusted Margin Expansion and EPS Growth
Adjusted operating margin expanded by 230 basis points to 15.1% and adjusted gross margin increased 370 basis points to 37.2% (13th consecutive quarter of YoY adjusted gross margin expansion). Adjusted EPS was $0.85, an 18% increase versus Q1 2025.
Healthy Aftermarket Performance
Aftermarket bookings were $680 million (eighth consecutive quarter above $600 million) and aftermarket sales grew 4% year-over-year, with continued gains in capture rates across the installed base.
Strong Segment Margin Progress
FPD adjusted gross margin rose 300 basis points to 37.7% and adjusted operating margin rose 140 basis points to 19.1%; FCD adjusted gross margin rose 480 basis points to 35.2% and adjusted operating margin rose 370 basis points to 15.9%.
Bookings and Book-to-Bill Remaining Healthy
Total bookings were $1.15 billion with a company-wide book-to-bill of 1.07x. FPD book-to-bill was 1.04x and FCD book-to-bill was 1.4x.
Nuclear Awards and Project Funnel
Received over $110 million of nuclear awards in the quarter, including two projects larger than $20 million. Management reports a robust 12-month project funnel (bookings roughly ~$100 million per quarter on nuclear-related work) and backlog supporting future revenue.
Balance Sheet and Cash Outlook
Net leverage improved to approximately 1.2x at quarter end. Company amended credit agreement in April, extending maturity by five years and increasing revolver capacity. Full-year free cash flow conversion target reiterated at 90%+ of adjusted net earnings.
Operational Improvements and 80/20 Program
Flowserve Business System and 80/20 operational excellence initiatives are driving SKU reductions, inventory optimization, improved supply chain reliability and sustainable margin expansion; management highlighted continued footprint rationalization and roofline consolidation.
Guidance Reaffirmation
Company reaffirmed full-year adjusted EPS guidance of $4.00 to $4.20 (midpoint represents ~13% growth over 2025) and expects ~100 basis points of adjusted operating margin expansion for the full year, while projecting total sales growth of 3% to 6% (including ~300 basis points from acquisitions).
FLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $84.25 | $73.64 | -12.59% |
Feb 05, 2026 | $78.74 | $85.20 | +8.20% |
Oct 28, 2025 | $52.35 | $68.54 | +30.93% |
Jul 29, 2025 | $54.32 | $55.65 | +2.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Flowserve Corp (FLS) report earnings?
Flowserve Corp (FLS) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Flowserve Corp (FLS) earnings time?
Flowserve Corp (FLS) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLS EPS forecast?
FLS EPS forecast for the fiscal quarter 2026 (Q2) is 0.86.