Flowserve (FLS) Q3 2026 Earnings Call Transcript

Flowserve (FLS) reported third-quarter results on its earnings call with bookings of $1.38 billion, up 14% reported and 8% organically, driven by record aftermarket demand and significant nuclear project awards. Adjusted EPS was $1.07, up 19% year over year, supported by cost execution and a higher adjusted operating margin of 16.5% (up 170 basis points). The backlog reached a company record $3.5 billion, growing 20% year over year, backed by a 1.12x book-to-bill ratio. The quarter faced a $40 million headwind from Middle East disruptions tied to escalating conflict limiting customer access and equipment acceptance. Organic sales declined 1% while guidance for full-year organic sales was revised to –2.5% to –1.5%.