Flowserve Delivers Strong Q1 Margins, Reaffirms 2026 EPS Outlook
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Flowserve ( (FLS) ) has shared an update.
Flowserve reported first-quarter 2026 results on April 29, 2026, showing total bookings of $1.15 billion, including more than $110 million in nuclear orders and $680 million in aftermarket bookings, while reported sales declined 6.7% year over year to $1.07 billion and total bookings fell 6.4%. Despite softer top-line trends, the company expanded adjusted operating margin to 15.1%, lifted adjusted EPS 18.1% to $0.85—helped by recoverable tariffs—and, while trimming its 2026 sales growth outlook to 3%–6%, reaffirmed full-year adjusted EPS guidance of $4.00–$4.20 and highlighted resilient end-market fundamentals and a robust backlog of about $2.95 billion.
Management pointed to disciplined execution of the Flowserve Business System and a focus on operational excellence as key drivers of margin and earnings strength, even as geopolitical tensions in the Middle East and challenges in Latin America weighed on results. For stakeholders, the combination of margin expansion, stable earnings guidance and assumptions around the mid-2026 closing of the Trillium Valves acquisition underscores confidence in the company’s ability to navigate macro and regional risks while pursuing its 2030 growth and profitability targets.
The most recent analyst rating on (FLS) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on Flowserve stock, see the FLS Stock Forecast page.
Spark’s Take on FLS Stock
According to Spark, TipRanks’ AI Analyst, FLS is a Outperform.
The score is driven primarily by improving financial performance (material margin and earnings improvement) and a constructive earnings outlook with planned margin expansion and EPS growth. Technicals are supportive with a generally upward trend, while valuation is a meaningful constraint due to a ~26 P/E and low dividend yield; near-term execution risks include OE timing, lower backlog conversion, and weaker FCD order intake.
To see Spark’s full report on FLS stock, click here.
More about Flowserve
Flowserve Corporation, based in Dallas and listed on the NYSE under ticker FLS, is a leading provider of flow control products and services for global infrastructure markets. Its portfolio spans pumps, valves and aftermarket services serving energy, chemical, power generation and other industrial sectors worldwide, with a growing emphasis on mission-critical and nuclear applications.
Average Trading Volume: 1,893,863
Technical Sentiment Signal: Buy
Current Market Cap: $11.24B
See more data about FLS stock on TipRanks’ Stock Analysis page.
