Flowserve

Q3 FY2026 EarningsQ3 FY26 adjusted EPS of $1.07 exceeded the consensus of $0.98, driven by strong adjusted operating margin expansion of 170 bps YoY to 16.5%. While reported revenue of $1.24B was in-line with expectations, organic sales growth slowed due to Middle East disruptions. Record aftermarket bookings of $728M and a total backlog of $3.5B (+20% YoY) provide strong visibility, though management lowered organic sales guidance for the full year to -2.5% to -1.5% while narrowing the adjusted EPS range upward.