Flowserve (FLS)
Market Price (11/10/2026): $85.87 | Market Cap: $10.9 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Flowserve (FLS)
Market Price (11/10/2026): $85.87Market Cap: $10.9 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 47x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% Key risksFLS key risks include [1] significant dependence on the cyclical capital spending of the oil, Show more. |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 47x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% |
| Key risksFLS key risks include [1] significant dependence on the cyclical capital spending of the oil, Show more. |
Qualitative Assessment
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Updated on 11/9/2026
Flowserve (FLS) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upbeat Full-Year EPS Guidance.
Flowserve reported adjusted earnings per share (EPS) of $1.07 for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst consensus estimates of $0.98 by 9%. Concurrently, the company raised the low end of its full-year 2026 adjusted EPS guidance to a range of $4.10 to $4.20.
2. Robust Bookings Growth and Record Backlog.
The company demonstrated significant demand for its products and services, with bookings increasing 14% on a reported basis and 8% organically in fiscal Q3 2026, reaching $1.38 billion. Aftermarket bookings also hit a record $728 million, marking the first quarter to exceed $700 million. This performance contributed to a record backlog of $3.5 billion, representing a 20% year-over-year increase.
Show more
Flowserve (FLS) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upbeat Full-Year EPS Guidance.
Flowserve reported adjusted earnings per share (EPS) of $1.07 for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst consensus estimates of $0.98 by 9%. Concurrently, the company raised the low end of its full-year 2026 adjusted EPS guidance to a range of $4.10 to $4.20.
2. Robust Bookings Growth and Record Backlog.
The company demonstrated significant demand for its products and services, with bookings increasing 14% on a reported basis and 8% organically in fiscal Q3 2026, reaching $1.38 billion. Aftermarket bookings also hit a record $728 million, marking the first quarter to exceed $700 million. This performance contributed to a record backlog of $3.5 billion, representing a 20% year-over-year increase.
Show more
Updated on 11/9/2026
Flowserve (FLS) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upbeat Full-Year EPS Guidance.
Flowserve reported adjusted earnings per share (EPS) of $1.07 for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst consensus estimates of $0.98 by 9%. Concurrently, the company raised the low end of its full-year 2026 adjusted EPS guidance to a range of $4.10 to $4.20.
2. Robust Bookings Growth and Record Backlog.
The company demonstrated significant demand for its products and services, with bookings increasing 14% on a reported basis and 8% organically in fiscal Q3 2026, reaching $1.38 billion. Aftermarket bookings also hit a record $728 million, marking the first quarter to exceed $700 million. This performance contributed to a record backlog of $3.5 billion, representing a 20% year-over-year increase.
3. Positive Analyst Upgrades and Increased Price Targets.
During the period, Flowserve received multiple analyst upgrades and price target increases. Notably, Zacks upgraded Flowserve to a "Buy" rating on August 18, 2026, citing an upward trend in earnings estimates. Wall Street Zen also upgraded the stock to "Buy" from "Hold" on October 31, 2026, while RBC Capital raised its price target to $98.00 from $91.00 on October 30, 2026. The consensus analyst rating as of November 5, 2026, was a "Moderate Buy" with an average price target of $86.44.
4. Significant Adjusted Operating Margin Expansion.
Flowserve showcased improved operational efficiency, with its adjusted operating margin expanding by 170 basis points to 16.5% in fiscal Q3 2026 compared to the prior-year period. This margin expansion underscores effective cost management and stronger profitability.
5. Strategic Portfolio Actions and Shareholder Returns.
The company engaged in strategic portfolio optimization, including the acquisition of TVD for $492.7 million on June 30, 2026, which contributed $62.3 million to fiscal Q3 sales. Additionally, Flowserve's board approved an increase in its share repurchase authorization to $500 million on October 26, 2026, signaling confidence in future performance and a commitment to enhancing shareholder value.
Show less
Flowserve (FLS) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upbeat Full-Year EPS Guidance.
Flowserve reported adjusted earnings per share (EPS) of $1.07 for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst consensus estimates of $0.98 by 9%. Concurrently, the company raised the low end of its full-year 2026 adjusted EPS guidance to a range of $4.10 to $4.20.
2. Robust Bookings Growth and Record Backlog.
The company demonstrated significant demand for its products and services, with bookings increasing 14% on a reported basis and 8% organically in fiscal Q3 2026, reaching $1.38 billion. Aftermarket bookings also hit a record $728 million, marking the first quarter to exceed $700 million. This performance contributed to a record backlog of $3.5 billion, representing a 20% year-over-year increase.
3. Positive Analyst Upgrades and Increased Price Targets.
During the period, Flowserve received multiple analyst upgrades and price target increases. Notably, Zacks upgraded Flowserve to a "Buy" rating on August 18, 2026, citing an upward trend in earnings estimates. Wall Street Zen also upgraded the stock to "Buy" from "Hold" on October 31, 2026, while RBC Capital raised its price target to $98.00 from $91.00 on October 30, 2026. The consensus analyst rating as of November 5, 2026, was a "Moderate Buy" with an average price target of $86.44.
4. Significant Adjusted Operating Margin Expansion.
Flowserve showcased improved operational efficiency, with its adjusted operating margin expanding by 170 basis points to 16.5% in fiscal Q3 2026 compared to the prior-year period. This margin expansion underscores effective cost management and stronger profitability.
5. Strategic Portfolio Actions and Shareholder Returns.
The company engaged in strategic portfolio optimization, including the acquisition of TVD for $492.7 million on June 30, 2026, which contributed $62.3 million to fiscal Q3 sales. Additionally, Flowserve's board approved an increase in its share repurchase authorization to $500 million on October 26, 2026, signaling confidence in future performance and a commitment to enhancing shareholder value.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 13.3% change in FLS stock from 7/31/2026 to 11/9/2026 was primarily driven by a 64.5% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 75.77 | 85.83 | 13.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,634 | 4,697 | 1.4% |
| Net Income Margin (%) | 8.0% | 5.4% | -32.3% |
| P/E Multiple | 26.1 | 42.8 | 64.5% |
| Shares Outstanding (Mil) | 128 | 127 | 0.4% |
| Cumulative Contribution | 13.3% |
Market Drivers
7/31/2026 to 11/9/2026| Return | Correlation | |
|---|---|---|
| FLS | 13.3% | |
| Market (SPY) | 0.8% | 44.3% |
| Sector (XLI) | -6.1% | 63.8% |
Fundamental Drivers
The 17.2% change in FLS stock from 4/30/2026 to 11/9/2026 was primarily driven by a 62.5% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.21 | 85.83 | 17.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,653 | 4,697 | 1.0% |
| Net Income Margin (%) | 7.6% | 5.4% | -28.7% |
| P/E Multiple | 26.4 | 42.8 | 62.5% |
| Shares Outstanding (Mil) | 127 | 127 | 0.3% |
| Cumulative Contribution | 17.2% |
Market Drivers
4/30/2026 to 11/9/2026| Return | Correlation | |
|---|---|---|
| FLS | 17.2% | |
| Market (SPY) | 5.0% | 52.1% |
| Sector (XLI) | -3.0% | 67.0% |
Fundamental Drivers
The 27.3% change in FLS stock from 10/31/2025 to 11/9/2026 was primarily driven by a 120.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 67.45 | 85.83 | 27.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,687 | 4,697 | 0.2% |
| Net Income Margin (%) | 9.7% | 5.4% | -43.9% |
| P/E Multiple | 19.4 | 42.8 | 120.7% |
| Shares Outstanding (Mil) | 130 | 127 | 2.5% |
| Cumulative Contribution | 27.3% |
Market Drivers
10/31/2025 to 11/9/2026| Return | Correlation | |
|---|---|---|
| FLS | 27.3% | |
| Market (SPY) | 11.3% | 53.1% |
| Sector (XLI) | 9.9% | 60.1% |
Fundamental Drivers
The 144.6% change in FLS stock from 10/31/2023 to 11/9/2026 was primarily driven by a 128.5% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11092026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.09 | 85.83 | 144.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,194 | 4,697 | 12.0% |
| Net Income Margin (%) | 5.9% | 5.4% | -7.3% |
| P/E Multiple | 18.8 | 42.8 | 128.5% |
| Shares Outstanding (Mil) | 131 | 127 | 3.2% |
| Cumulative Contribution | 144.6% |
Market Drivers
10/31/2023 to 11/9/2026| Return | Correlation | |
|---|---|---|
| FLS | 144.6% | |
| Market (SPY) | 86.2% | 56.5% |
| Sector (XLI) | 78.6% | 62.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FLS Return | -15% | 3% | 37% | 42% | 22% | 25% | 161% |
| Peers Return | 28% | -7% | 35% | 27% | 16% | 18% | 181% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 96% |
Monthly Win Rates [3] | |||||||
| FLS Win Rate | 50% | 42% | 67% | 67% | 50% | 73% | |
| Peers Win Rate | 63% | 30% | 53% | 55% | 58% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| FLS Max Drawdown | -34% | -33% | -18% | -14% | -39% | -30% | |
| Peers Max Drawdown | -15% | -25% | -21% | -15% | -27% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ITT, CR, PH, EMR, IR. See FLS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/9/2026 (YTD)
How Low Can It Go
| Event | FLS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.8% | -18.8% |
| % Gain to Breakeven | 48.8% | 23.1% |
| Time to Breakeven | 204 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.6% | -6.7% |
| % Gain to Breakeven | 19.9% | 7.1% |
| Time to Breakeven | 53 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.0% | -24.5% |
| % Gain to Breakeven | 25.0% | 32.4% |
| Time to Breakeven | 38 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.8% | -33.7% |
| % Gain to Breakeven | 136.7% | 50.9% |
| Time to Breakeven | 442 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -34.6% | -19.2% |
| % Gain to Breakeven | 52.9% | 23.8% |
| Time to Breakeven | 1961 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -12.4% | -3.7% |
| % Gain to Breakeven | 14.1% | 3.9% |
| Time to Breakeven | 26 days | 6 days |
In The Past
Flowserve's stock fell -32.8% during the 2025 US Tariff Shock. Such a loss loss requires a 48.8% gain to breakeven.
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Asset Allocation
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| Event | FLS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.8% | -18.8% |
| % Gain to Breakeven | 48.8% | 23.1% |
| Time to Breakeven | 204 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.0% | -24.5% |
| % Gain to Breakeven | 25.0% | 32.4% |
| Time to Breakeven | 38 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.8% | -33.7% |
| % Gain to Breakeven | 136.7% | 50.9% |
| Time to Breakeven | 442 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -34.6% | -19.2% |
| % Gain to Breakeven | 52.9% | 23.8% |
| Time to Breakeven | 1961 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.0% | -12.2% |
| % Gain to Breakeven | 33.4% | 13.9% |
| Time to Breakeven | 99 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -52.4% | -6.8% |
| % Gain to Breakeven | 110.1% | 7.3% |
| Time to Breakeven | 3242 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -36.7% | -17.9% |
| % Gain to Breakeven | 58.0% | 21.8% |
| Time to Breakeven | 121 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -30.2% | -15.4% |
| % Gain to Breakeven | 43.2% | 18.2% |
| Time to Breakeven | 197 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -61.5% | -53.4% |
| % Gain to Breakeven | 159.4% | 114.4% |
| Time to Breakeven | 298 days | 1085 days |
In The Past
Flowserve's stock fell -32.8% during the 2025 US Tariff Shock. Such a loss loss requires a 48.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Flowserve (FLS)
Flowserve Corporation (FLS) is a global industrial company that designs, develops, manufactures, distributes, and services essential equipment for managing the flow of liquids, gases, and fluids. The company operates through two main segments: the Flowserve Pump Division (FPD) and the Flow Control Division (FCD), both dedicated to providing critical infrastructure solutions across a wide range of industries worldwide.
The Flowserve Pump Division offers a comprehensive portfolio of custom and pre-configured pumps, pump systems, mechanical seals, and auxiliary systems. This segment also provides crucial aftermarket services such as installation, commissioning, repairs, advanced diagnostics, and system upgrades to ensure the optimal performance and longevity of its pumping solutions. Concurrently, the Flow Control Division specializes in engineered and industrial valve and automation solutions, including isolation and control valves, actuation systems, and controls, which are vital for directing and regulating industrial flows. This division also delivers maintenance services like diagnostics, repair, and retrofit programs for flow control systems.
Flowserve's specialized equipment and services are indispensable to a diverse array of heavy industries globally. Its primary customers are found in the oil and gas, chemical and pharmaceuticals, power generation, and water management markets. The company also serves general industrial applications, including mining and ore processing, pulp and paper, and food and beverage production, supplying critical components that support fundamental operational processes in these sectors.
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Emerson Electric for industrial fluid control. Flowserve is a major provider of industrial equipment, specializing in the pumps, valves, and seals essential for managing the flow of liquids, gases, and fluids in heavy industries.
Rolls-Royce for industrial process components. Like Rolls-Royce creating high-precision jet engines, Flowserve engineers and manufactures the critical pumps, valves, and seals that are the 'hearts and arteries' of industrial operations like power plants and refineries.
Caterpillar for fluid-handling machinery. Just as Caterpillar provides heavy machinery for earthmoving, Flowserve supplies the heavy-duty, specialized pumps and valves that manage the movement of liquids and gases in large-scale industrial settings.
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- Pumps and Pump Systems: Custom and pre-configured industrial equipment designed for moving liquids, gases, and fluids.
- Mechanical Seals: Components that prevent leakage in industrial pumps and high-speed compressors.
- Valves and Automation Solutions: Engineered and industrial solutions, including isolation and control valves, actuation, and controls, to manage fluid flow.
- Installation and Commissioning Services: Professional services for setting up and starting new industrial flow management equipment.
- Repair and Maintenance Services: Comprehensive services for existing pumps, seals, and valves, including advanced diagnostics, field machining, and replacement parts.
- Upgrades and Retrofit Programs: Solutions provided to enhance, modernize, or re-rate existing industrial flow management equipment.
- Asset Management Solutions: Services designed to optimize the performance, reliability, and lifecycle of industrial flow management assets.
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Flowserve (FLS) sells its industrial flow management equipment and services primarily to other companies (B2B).
Based on the provided company description, specific names of major customer companies are not listed. Instead, Flowserve serves a wide range of companies operating within the following major industries:
- Oil and Gas companies
- Chemical and Pharmaceutical companies
- Power Generation companies
- Water Management companies
- General industrial companies, including those in mining and ore processing, pulp and paper, and food and beverage sectors.
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R. Scott Rowe, President and Chief Executive Officer
Mr. Rowe has served as President and Chief Executive Officer of Flowserve since April 2017. Prior to joining Flowserve, he was President of the Cameron Group, a position he assumed after the merger between Schlumberger and Cameron International Corporation. During his 14-year career at Cameron, a provider of flow management equipment to the oil and gas industry, Mr. Rowe held various progressive roles, culminating as its President and CEO. He was with Varco International before joining Cameron in 2002 and also served in the U.S. Army.
Amy B. Schwetz, Senior Vice President, Chief Financial Officer
Ms. Schwetz joined Flowserve as Senior Vice President and Chief Financial Officer in February 2020. Before her tenure at Flowserve, she served as Executive Vice President and Chief Financial Officer at Peabody Energy Corporation, a global coal company, where she worked for 14 years in various roles of increasing responsibility, including CFO since July 2015. Prior to Peabody Energy, Ms. Schwetz spent eight years managing audit engagements with public and private companies at Ernst & Young LLP.
Lamar L. Duhon, President, Flowserve Pumps Division
Mr. Duhon has been President of the Flowserve Pumps Division since February 2023. He joined Flowserve in 2022, initially serving as President of Aftermarket Services & Solutions. Before joining Flowserve, Mr. Duhon held various positions of increasing responsibility at Halliburton from 2010 to 2021, including Vice President of Sperry Drilling, Vice President of Cementing, and Vice President for the Shell Global Account.
Alice M. DeBiasio, President, Flow Control Division
Ms. DeBiasio is set to join Flowserve as President of the Flow Control Division, effective October 13, 2025. She most recently served as Vice President, General Manager at Carrier Corporation, where she led multiple business segments, including Truck Trailer Americas, Sensitech, and Digital Solutions for the Climate Solutions Transportation divisions. Her prior experience includes leadership roles at Resideo (formerly Honeywell) and Northrop Grumman.
Karthik Sivaraman, Vice President, Innovation & Growth
Mr. Sivaraman was appointed Vice President, Innovation & Growth in October 2022. In this role, he leads technology-driven innovation and strategic partnerships for Flowserve. He previously served as Executive Director of Technology for Halliburton Labs, where he focused on alternate energies. Earlier in his career, he led global energy storage initiatives as an R&D leader at GE Energy Storage.
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The key risks to Flowserve's business are primarily driven by its exposure to cyclical industrial markets, increasing regulatory and sustainability pressures, and vulnerabilities within its global operations and supply chain.
- Sensitivity to Global Economic Conditions and Cyclical End Markets: Flowserve's business performance is highly dependent on capital investment and maintenance expenditures within cyclical industries such as oil and gas, chemical, and power generation. Volatility in commodity prices, broader global economic downturns, and geopolitical uncertainties can lead to reduced demand for its products and services, thereby impacting financial performance.
- Regulatory and Environmental Compliance Costs: The company faces significant risks from increasing global regulations related to climate change, greenhouse gas emissions, and environmental sustainability goals. Adapting to these evolving standards and complying with international laws can necessitate substantial capital expenditures, increase operational costs, and require significant changes to its business operations. Flowserve's internal commitments to decarbonization also present financial and operational challenges.
- Supply Chain Disruptions and Operational Execution: Flowserve's ability to deliver products and services on time is critical and relies heavily on its manufacturing capacity, access to a reliable global supply chain, and a capable workforce. Disruptions caused by natural disasters, man-made events, labor disputes, geopolitical conflicts, or cybersecurity incidents could adversely affect operations, lead to increased costs, and potentially damage the company's reputation.
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The global energy transition and decarbonization efforts pose a clear emerging threat to Flowserve. As a primary supplier to the oil and gas sector and traditional power generation markets, a significant long-term shift away from fossil fuels could lead to a structural decline in demand for Flowserve's equipment and services specifically tailored to these industries. While Flowserve may pivot to support new energy infrastructure, the pace and scale of this transition represent a risk to its established revenue streams in its core markets.
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The addressable markets for Flowserve's main products and services are substantial on a global scale:
- The global industrial pump market was valued at approximately USD 67.44 billion in 2023 and is projected to reach USD 105.15 billion by 2032. In the U.S. specifically, the industrial pumps market was valued at over USD 11 billion in 2024.
- The global mechanical seals market was valued at approximately USD 3.97 billion in 2024 and is projected to grow to USD 5.9 billion by 2033.
- The global industrial valves market was valued at approximately USD 76.2 billion in 2023, USD 82.82 billion in 2024, and USD 86.67 billion in 2025. This market is projected to reach USD 100.9 billion by 2030 or approximately USD 273.49 billion by 2035.
- The global pumps and valves services market, encompassing aftermarket services, was recorded at USD 29,308.4 million in 2021 and is projected to reach USD 35,462 million by the end of 2025, further growing to USD 51,916.4 million by 2033.
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Flowserve (FLS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
* Growth in Aftermarket Services: Flowserve anticipates continued strong performance in its aftermarket business. The company has reported record aftermarket activity and bookings, indicating a significant and growing source of recurring revenue. For example, in Q2 2024, record aftermarket activity exceeded $610 million, and aftermarket sales increased 6.3% year-over-year in Q3 2025. This growth is supported by Flowserve's global network of Quick Response Centers and its commitment to customer service.
* Strategic Acquisitions and Portfolio Expansion: Flowserve is leveraging strategic acquisitions to expand its product offerings and market reach. Notable examples include the October 2024 acquisition of MOGAS Industries, which enhances its severe service valve offerings and doubles its exposure to the direct mining and mineral extraction sectors. Additionally, the announced acquisition of Trillium Flow Technologies' Valves Division (expected to close mid-2026) will further strengthen its valve and actuation portfolio, accelerate growth in nuclear and traditional power generation markets, and enhance service capabilities with a large installed base.
* Decarbonization and Energy Transition Initiatives: A core component of Flowserve's "3D Growth Strategy" is decarbonization. The company is well-positioned to capitalize on the growing demand for sustainable energy solutions, including strong bookings in nuclear and Liquefied Natural Gas (LNG) markets. This includes securing significant nuclear awards, with over $110 million in Q4 2024 and approximately $400 million in nuclear awards for the full year 2025. The acquisition of cryogenic LNG submerged pump technology intellectual property also aims to differentiate and expand its LNG product portfolio.
* Operational Excellence and Backlog Conversion: Flowserve's "Flowserve Business System" is a key driver of operational efficiency and improved backlog conversion, contributing to revenue growth. The company reported a nearly 20% year-over-year revenue growth in 2023, driven by enhanced backlog conversion and operational improvements. This focus on operational excellence also contributes to margin expansion. Flowserve expects about 75% of its current backlog to be converted to revenue during fiscal year 2026.
* Diversification into Less Cyclical Markets and General Industries: The "Diversification" pillar of Flowserve's 3D strategy involves expanding into less cyclical markets and strengthening its presence in general industries. The company has observed robust demand from power generation and general industry end markets, including growth in the Middle East, Europe, and Latin America for mining, pharmaceuticals, and water sector products. This strategic diversification helps to mitigate exposure to more volatile sectors and provides broader growth opportunities.
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Share Repurchases
- Flowserve authorized a program to repurchase up to $300 million of its outstanding common stock, which does not have an expiration date.
- In the first nine months of 2025, Flowserve bought back shares worth $197.9 million.
- In the first nine months of 2024, the company repurchased shares worth $20.1 million.
Share Issuance
- Flowserve's shares outstanding saw a 1.04% decline in 2025, a 0.32% increase in 2024, and a 0.47% increase in 2023.
- Insider activity included the acquisition of common stock through the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan and restricted stock units under the long-term incentive plan.
Outbound Investments
- In February 2026, Flowserve signed an agreement to acquire Trillium Flow Technologies' Valves Division for $490 million in cash, expected to close mid-year 2026, to expand its nuclear and power end market leadership.
- Flowserve acquired Greenray Turbine Solutions, Ltd. in December 2025 for approximately $72 million in cash, enhancing its aftermarket products and services for industrial gas turbines.
- In October 2024, Flowserve completed the acquisition of MOGAS Industries for $290 million, which augmented its valve and automation product portfolio and increased its mining and mineral extraction exposure.
Capital Expenditures
- Flowserve's capital expenditures for fiscal years ending December 2021 to 2025 averaged $70.106 million.
- Capital expenditures were $54.936 million in 2021, $76.287 million in 2022, $67.359 million in 2023, $81.019 million in 2024, and $70.927 million in 2025.
- Capital expenditures peaked in December 2024 at $81.019 million and reached a 5-year low in December 2021 at $54.936 million.
Peer Outperformance in Industrial Machinery & Supplies & Components
FLS has outperformed 84% of its 70 Industrial Machinery & Supplies & Components peers over 5Y. Among the peers that beat it are CRS and GWW. Industrial Machinery & Supplies & Components ranks 5th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that FLS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
73%
of 75 industry peers · 25.4% return
3Y
81%
of 73 industry peers · 138.4% return
5Y
84%
of 70 industry peers · 178.5% return
Industrial Machinery & Supplies & Components peers with revenue growth within 4pp of FLS's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| FLS | Flowserve | 3.9% | 42.8x | 25.4% | 138.4% | 178.5% | — |
| CRS | Carpenter Technology | 6.0% | 26.7x | -6.7% | 364.3% | 852.9% | +674pp |
| GWW | W.W. Grainger | 6.0% | 31.5x | 53.1% | 87.2% | 215.9% | +37pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is FLS's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 28 | -13.7% | 106.4% | 114.2% | FIX 1047% · STRL 907% · AGX 633% |
| Marine Transportation | 5 | 34.7% | 32.6% | 113.6% | MATX 140% · KEX 117% |
| Construction Machinery & Heavy Transportation Equipment | 14 | 13.2% | 69.5% | 98.2% | ALSN 278% · WAB 218% · CAT 210% |
| Aerospace & Defense | 54 | 3.9% | 57.7% | 65.2% | FTAI 963% · ATI 954% · HWM 563% |
| Industrial Machinery & Supplies & Components ← | 71 | 4.3% | 53.9% | 33.5% | CRS 853% · MLI 306% · SYM 276% |
| Trading Companies & Distributors | 19 | 15.2% | 35.5% | 28.4% | DXPE 338% · AIT 199% · URI 199% |
| Rail Transportation | 7 | 36.9% | 71.5% | 27.2% | CSX 52% · UNP 38% · NSC 27% |
| Diversified Support Services | 34 | 19.2% | 46.7% | 18.5% | CXW 205% · OPLN 140% · CACI 124% |
| Building Products | 34 | -3.3% | 8.5% | 16.5% | MOD 813% · GFF 365% · TT 136% |
| Cargo Ground Transportation | 16 | 33.6% | 16.2% | 5.2% | XPO 299% · R 262% · ARCB 22% |
| Electrical Components & Equipment | 39 | 0.2% | 61.0% | 0.6% | POWL 1531% · VRT 647% · BE 465% |
| Office Services & Supplies | 10 | 22.4% | 27.1% | -1.2% | PBI 146% · HNI 45% · MSA 19% |
| Industrial Conglomerates | 17 | 19.2% | 12.4% | -3.3% | CSW 109% · CSL 78% · DD 76% |
| Data Processing & Outsourced Services | 6 | -8.1% | 2.7% | -13.8% | EXLS 60% · BR 18% · G -10% |
| Agricultural & Farm Machinery | 16 | 23.0% | -0.4% | -22.9% | BLBD 147% · DE 107% · TTC 16% |
| Research & Consulting Services | 13 | 1.9% | -15.6% | -23.5% | HURN 209% · FCN 36% · BAH 9% |
| Security & Alarm Services | 9 | -39.6% | 45.7% | -24.9% | BCO 83% |
| Environmental & Facilities Services | 29 | -20.7% | 33.3% | -26.4% | GEO 222% · CLH 168% · RSG 97% |
| Passenger Airlines | 11 | 11.0% | 85.0% | -29.1% | LTM 3253% · UAL 128% · DAL 114% |
| Human Resource & Employment Services | 22 | 23.8% | -5.4% | -36.3% | ADP 47% · FA 20% · PAYX 10% |
| Air Freight & Logistics | 12 | -29.9% | -5.7% | -39.9% | FDX 76% · EXPD 60% · CHRW 54% |
| Passenger Ground Transportation | 3 | -22.6% | 38.0% | -46.2% | UBER 56% · CAR -46% · LYFT -70% |
| Airport Services | 4 | -38.1% | -57.1% | -85.7% | JOBY -35% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| 6-Day Sell-Off Sends Flowserve Stock Down 20% | 05/06/2026 | |
| Flowserve Stock 5-Day Losing Spree: Stock Falls 20% | 05/05/2026 | |
| Is 16.2% Fall In Flowserve (FLS) Stock A Buying Opportunity? | 05/01/2026 | |
| FLS Stock Falls -15% With A 7-day Losing Spree On Technical Breakdown | 03/09/2026 | |
| FLS Stock Falls -17% With A 7-day Losing Spree On Technical Breakdown | 03/07/2026 | |
| Flowserve Earnings Notes | 12/25/2025 | |
| Time To Buy Flowserve Stock? | 10/30/2025 | |
| Can Flowserve Stock Hold Up When Markets Turn? | 10/17/2025 | |
| Flowserve vs T-Mobile US: Which Is A Better Investment? | 08/18/2025 | |
| ARTICLES | ||
| Is This Pullback in Flowserve Stock a Real Opportunity? | 06/25/2026 | |
| 6-Day Sell-Off Sends Flowserve Stock Down -20% | 05/06/2026 | |
| Flowserve Stock 5-Day Losing Spree: Stock Falls -20% | 05/05/2026 | |
| Flowserve Stock To $51? | 05/01/2026 | |
| Flowserve Stock To $90? | 10/30/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 189.91 |
| Mkt Cap | 26.5 |
| Rev LTM | 6,616 |
| Op Inc LTM | 1,125 |
| FCF LTM | 1,082 |
| FCF 3Y Avg | 942 |
| CFO LTM | 1,207 |
| CFO 3Y Avg | 1,070 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.9% |
| Rev Chg 3Y Avg | 7.2% |
| Rev Chg Q | 12.5% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 14.9% |
| Op Inc Chg 3Y Avg | 13.5% |
| Op Mgn LTM | 18.3% |
| Op Mgn 3Y Avg | 17.9% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 17.4% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 15.5% |
| FCF/Rev 3Y Avg | 14.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 26.5 |
| P/S | 4.3 |
| P/Op Inc | 24.2 |
| P/EBIT | 24.2 |
| P/E | 35.3 |
| P/CFO | 26.6 |
| Total Yield | 3.6% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.6% |
| 3M Rtn | 1.8% |
| 6M Rtn | 15.9% |
| 12M Rtn | 15.5% |
| 3Y Rtn | 113.7% |
| 1M Excs Rtn | 12.2% |
| 3M Excs Rtn | 6.1% |
| 6M Excs Rtn | 16.4% |
| 12M Excs Rtn | 7.4% |
| 3Y Excs Rtn | 48.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Flowserve Pumps Division (FPD) | 3,235 | 3,159 | 3,064 | 2,518 | 2,468 |
| Flow Control Division (FCD) | 1,504 | 1,409 | 1,266 | 1,097 | 1,073 |
| Eliminations and All Other | -11 | -10 | -10 | 0 | 0 |
| Total | 4,729 | 4,558 | 4,321 | 3,615 | 3,541 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Flowserve Pumps Division (FPD) | 601 | 480 | 349 | 208 | 243 |
| Flow Control Division (FCD) | 180 | 158 | 148 | 113 | 120 |
| Eliminations and all other cost of sales | 8 | 3 | 7 | ||
| Net earnings (loss) from affiliates | 0 | -0 | 0 | ||
| Intersegment sales | -11 | -10 | -10 | ||
| Loss on divestiture of asbestos-related assets and liabilities (a) | -140 | 0 | 0 | ||
| Eliminations and all other SG&A | -238 | -169 | -161 | ||
| Eliminations and All Other | -124 | -92 | |||
| Total | 400 | 462 | 334 | 197 | 271 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Flowserve Pumps Division (FPD) | 3,375 | 3,043 | 3,192 | 3,111 | 2,927 |
| Flow Control Division (FCD) | 1,748 | 1,739 | 1,334 | 1,270 | 1,223 |
| Eliminations and All Other | 585 | 719 | 583 | 410 | 599 |
| Total | 5,708 | 5,501 | 5,109 | 4,791 | 4,750 |
Price Behavior
Price Behavior
| Market Price | $85.83 | |
| Market Cap ($ Bil) | 10.9 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -5.9% | |
| 50 Days | 200 Days | |
| DMA Price | $74.23 | $76.12 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 15.6% | 12.8% |
| 3M | 1YR | |
| Volatility | 40.8% | 42.2% |
| Downside Capture | 91.87 | 164.70 |
| Upside Capture | 116.00 | 165.67 |
| Correlation (S&P 500) | 34.2% | 51.2% |
FLS Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.43 | 1.24 | 1.24 | 1.78 | 1.72 | 1.46 |
| Up Beta | 3.26 | 0.82 | 1.04 | 2.09 | 1.85 | 1.31 |
| Down Beta | 2.14 | 1.59 | 1.40 | 1.04 | 1.32 | 1.50 |
| Up Capture | 200% | 131% | 137% | 244% | 262% | 416% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 20 | 32 | 64 | 127 | 396 |
| Down Capture | 56% | 112% | 116% | 167% | 142% | 109% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 23 | 32 | 61 | 122 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLS | |
|---|---|---|---|---|
| FLS | 25.0% | 42.2% | 0.63 | - |
| Sector ETF (XLI) | 11.7% | 18.2% | 0.45 | 60.7% |
| Equity (SPY) | 13.3% | 13.7% | 0.65 | 53.1% |
| Gold (GLD) | 3.7% | 28.8% | 0.12 | 28.6% |
| Commodities (DBC) | 38.2% | 21.3% | 1.42 | -22.0% |
| Real Estate (VNQ) | 13.7% | 14.3% | 0.65 | 23.6% |
| Bitcoin (BTCUSD) | -25.3% | 43.6% | -0.55 | 23.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLS | |
|---|---|---|---|---|
| FLS | 22.9% | 37.0% | 0.63 | - |
| Sector ETF (XLI) | 11.6% | 17.8% | 0.49 | 64.7% |
| Equity (SPY) | 11.8% | 17.3% | 0.51 | 56.6% |
| Gold (GLD) | 17.8% | 19.1% | 0.75 | 15.4% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 15.7% |
| Real Estate (VNQ) | 1.5% | 18.9% | -0.03 | 37.8% |
| Bitcoin (BTCUSD) | 4.4% | 51.6% | 0.27 | 24.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLS | |
|---|---|---|---|---|
| FLS | 9.5% | 38.1% | 0.35 | - |
| Sector ETF (XLI) | 13.3% | 20.1% | 0.58 | 70.1% |
| Equity (SPY) | 15.3% | 18.0% | 0.72 | 59.8% |
| Gold (GLD) | 12.1% | 16.5% | 0.60 | 6.9% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 28.6% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.25 | 44.1% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 11/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2026 | 11.9% | 13.0% | |
| 7/29/2026 | 7.7% | 12.5% | 17.2% |
| 4/29/2026 | -12.6% | -12.9% | -10.4% |
| 2/5/2026 | 8.2% | 10.2% | -2.4% |
| 10/28/2025 | 30.9% | 32.0% | 34.0% |
| 7/29/2025 | 2.4% | -2.0% | -1.0% |
| 4/29/2025 | 0.8% | 3.9% | 12.6% |
| 2/18/2025 | -6.5% | -13.5% | -18.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 13 |
| # Negative | 12 | 10 | 11 |
| Median Positive | 3.6% | 5.3% | 8.6% |
| Median Negative | -5.3% | -5.8% | -4.4% |
| Max Positive | 30.9% | 32.0% | 34.0% |
| Max Negative | -12.6% | -13.5% | -18.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2026 | 11.9% | 13.0% | |
| 7/29/2026 | 7.7% | 12.5% | 17.2% |
| 4/29/2026 | -12.6% | -12.9% | -10.4% |
| 2/5/2026 | 8.2% | 10.2% | -2.4% |
| 10/28/2025 | 30.9% | 32.0% | 34.0% |
| 7/29/2025 | 2.4% | -2.0% | -1.0% |
| 4/29/2025 | 0.8% | 3.9% | 12.6% |
| 2/18/2025 | -6.5% | -13.5% | -18.7% |
| 10/28/2024 | 2.3% | 1.5% | 15.8% |
| 7/29/2024 | -3.3% | -12.6% | -3.5% |
| 4/29/2024 | -0.1% | 2.0% | 2.9% |
| 2/20/2024 | 0.8% | 0.9% | 6.7% |
| 10/25/2023 | 4.1% | 3.0% | 7.9% |
| 8/1/2023 | 3.0% | 3.3% | 4.0% |
| 5/1/2023 | 3.6% | 5.9% | -4.0% |
| 2/21/2023 | -2.0% | -0.5% | -9.6% |
| 10/31/2022 | -2.9% | 8.2% | 9.3% |
| 7/27/2022 | 4.3% | 7.3% | 4.8% |
| 5/2/2022 | -4.6% | -9.1% | -4.0% |
| 2/23/2022 | -6.0% | 0.7% | 8.6% |
| 10/27/2021 | -8.6% | -5.9% | -13.0% |
| 8/5/2021 | -6.3% | -5.6% | -11.6% |
| 5/3/2021 | 3.6% | 5.3% | 4.9% |
| 2/23/2021 | -2.0% | -4.4% | -4.4% |
| 11/5/2020 | -9.4% | -0.3% | 11.7% |
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 13 |
| # Negative | 12 | 10 | 11 |
| Median Positive | 3.6% | 5.3% | 8.6% |
| Median Negative | -5.3% | -5.8% | -4.4% |
| Max Positive | 30.9% | 32.0% | 34.0% |
| Max Negative | -12.6% | -13.5% | -18.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/28/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 04/29/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/28/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 04/29/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/03/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 11/13/2020 | 10-Q |
| 06/30/2020 | 07/30/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/18/2020 | 10-K |
Recent Forward Guidance
Updated 10/29/2026Latest: Q3 2026 Earnings Reported 10/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Impact From Acquisitions/Divestitures | Reported | 0.04 | ||||||
| 2026 Impact From Foreign Exchange Translation | Reported | 0.01 | ||||||
| 2026 Organic Sales Growth | Reported | -2.5% | -2.0% | -1.5% | -1.0% | Lowered | Guidance: -1.0% for 2026 | |
| 2026 Total Sales Growth | Reported | 2.0% | 2.5% | 3.0% | -0.5% | Lowered | Guidance: 3.0% for 2026 | |
| 2026 Net Interest Expense | Reported | 85.00 Mil | 0.0% | Affirmed | Guidance: 85.00 Mil for 2026 | |||
| 2026 Adjusted Tax Rate | Reported | 21.0% | 21.5% | 22.0% | 0.0% | Affirmed | Guidance: 21.5% for 2026 | |
| 2026 Adjusted EPS | Reported | 4.1 | 4.15 | 4.2 | 0.6% | Raised | Guidance: 4.13 for 2026 | |
| 2026 Capital Expenditures | Reported | 90.00 Mil | -10.0% | Lowered | Guidance: 100.00 Mil for 2026 | |||
Prior: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic Sales Growth | Reported | -1.0% | -1.5% | Lowered | Guidance: 0.5% for 2026 | |||
| 2026 Total Sales Growth | Reported | 3.0% | -1.5% | Lowered | Guidance: 4.5% for 2026 | |||
| 2026 Net Interest Expense | Reported | 85.00 Mil | 0 | Affirmed | Guidance: 85.00 Mil for 2026 | |||
| 2026 Adjusted Tax Rate | Reported | 21.0% | 21.5% | 22.0% | 0 | Affirmed | Guidance: 21.5% for 2026 | |
| 2026 Adjusted EPS | Reported | 4.05 | 4.13 | 4.2 | 0.6% | Raised | Guidance: 4.1 for 2026 | |
| 2026 Capital Expenditures | Reported | 100.00 Mil | 5.3% | Raised | Guidance: 95.00 Mil for 2026 | |||
Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic Sales Growth | Reported | -1.0% | 0.5% | 2.0% | -1.5% | Lowered | Guidance: 2.0% for 2026 | |
| 2026 Total Sales Growth | Reported | 3.0% | 4.5% | 6.0% | -1.5% | Lowered | Guidance: 6.0% for 2026 | |
| 2026 Net Interest Expense | Reported | 85.00 Mil | ||||||
| 2026 Adjusted Tax Rate | Reported | 21.0% | 21.5% | 22.0% | 0 | Affirmed | Guidance: 21.5% for 2026 | |
| 2026 Adjusted EPS | Reported | 4 | 4.1 | 4.2 | 0 | Affirmed | Guidance: 4.1 for 2026 | |
| 2026 Capital Expenditures | Reported | 90.00 Mil | 95.00 Mil | 100.00 Mil | 0 | Affirmed | Guidance: 95.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic Sales Growth | Reported | 1.0% | 2.0% | 3.0% | 0.0% | Same New | Guidance: 2.0% for 2025 | |
| 2026 Total Sales Growth | Reported | 5.0% | 6.0% | 7.0% | 1.5% | Higher New | Guidance: 4.5% for 2025 | |
| 2026 Adjusted Tax Rate | Reported | 21.0% | 21.5% | 22.0% | 1.5% | Higher New | Guidance: 20.0% for 2025 | |
| 2026 Adjusted EPS | Reported | 4 | 4.1 | 4.2 | 18.8% | Higher New | Guidance: 3.45 for 2025 | |
| 2026 Capital Expenditures | Reported | 90.00 Mil | 95.00 Mil | 100.00 Mil | 26.7% | Higher New | Guidance: 75.00 Mil for 2025 | |
Insider Activity
Updated 11/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McMurray, Michael C | Direct | Buy | 5182026 | 65.71 | 2,500 | 164,275 | 536,982 | Form | |
| 2 | Savoy, Brian D | Direct | Buy | 5152026 | 67.34 | 1,000 | 67,340 | 67,340 | Form | |
| 3 | McMurray, Michael C | Direct | Sell | 2172026 | 89.96 | 7,663 | 689,363 | 278,786 | Form | |
| 4 | Siegel, Kenneth I | Direct | Sell | 2172026 | 89.50 | 3,229 | Form | |||
| 5 | Rowe, Robert Scott | President & CEO | Direct | Sell | 12032025 | 70.48 | 212,683 | 14,989,332 | 24,429,560 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McMurray, Michael C | Direct | Buy | 5182026 | 65.71 | 2,500 | 164,275 | 536,982 | Form | |
| 2 | Savoy, Brian D | Direct | Buy | 5152026 | 67.34 | 1,000 | 67,340 | 67,340 | Form | |
| 3 | McMurray, Michael C | Direct | Sell | 2172026 | 89.96 | 7,663 | 689,363 | 278,786 | Form | |
| 4 | Siegel, Kenneth I | Direct | Sell | 2172026 | 89.50 | 3,229 | Form | |||
| 5 | Rowe, Robert Scott | President & CEO | Direct | Sell | 12032025 | 70.48 | 212,683 | 14,989,332 | 24,429,560 | Form |
| 6 | Duhon, Lamar L | President, FPD | Direct | Sell | 11122025 | 69.51 | 1,609 | 111,842 | 1,050,713 | Form |
| 7 | Schwetz, Amy B | Chief Financial Officer | Direct | Sell | 11052025 | 71.02 | 47,000 | 3,337,940 | 3,737,641 | Form |
| 8 | Hudson, Susan Claire | Chief Legal Officer | Direct | Sell | 11052025 | 70.01 | 10,667 | 746,797 | 461,296 | Form |
Investor Activity (13F)
Updated Nov 10, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Paradice Investment Management LLC | $37.3 Mil | 7.0% | 23 | Hold | 13F |
| Engle Capital Management, L.P. | $18.4 Mil | 6.3% | 22 | ADD +346.4% | 13F |
| D1 Capital Partners L.P. | $431.8 Mil | 3.8% | 44 | TRIM -23.3% | 13F |
| Pennant Investors, LP | $9.9 Mil | 2.7% | 17 | New | 13F |
| Greenhouse Funds LLLP | $48.4 Mil | 2.3% | 28 | ADD +19.1% | 13F |
| Cartenna Capital, LP | $18.4 Mil | 0.8% | 41 | New | 13F |
| Durable Capital Partners LP | $70.0 Mil | 0.7% | 37 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| D1 Capital Partners L.P. | $431.8 Mil | 3.8% | 44 | TRIM -23.3% | 13F |
| Durable Capital Partners LP | $70.0 Mil | 0.7% | 37 | New | 13F |
| Greenhouse Funds LLLP | $48.4 Mil | 2.3% | 28 | ADD +19.1% | 13F |
| Paradice Investment Management LLC | $37.3 Mil | 7.0% | 23 | Hold | 13F |
| Engle Capital Management, L.P. | $18.4 Mil | 6.3% | 22 | ADD +346.4% | 13F |
| Cartenna Capital, LP | $18.4 Mil | 0.8% | 41 | New | 13F |
| Pennant Investors, LP | $9.9 Mil | 2.7% | 17 | New | 13F |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/9/2026