The mixed signals (EPS beat and raised low end vs. organic sales guidance cut) create uncertainty. Watch the Q4 2026 earnings call for backlog conversion rates and Middle East revenue recovery timing. The record backlog provides a buffer, but persistent organic sales declines could pressure the stock if the Middle East disruption extends beyond 2026.
Price Chart
Executive Summary
Flowserve reported Q3 2026 adjusted EPS of $1.07, beating the $0.98 consensus by 9.2%, on reported sales of $1.24B roughly in line with the $1.24B estimate. The company raised the low end of full-year 2026 adjusted EPS guidance to $4.10-$4.20 (from $4.05-$4.20) but lowered organic sales guidance to -2.5% to -1.5% (from approx. -1%), citing Middle East disruption. Record backlog of $3.5B (+20% YoY) and strong bookings growth (+14% reported, +8% organic) support the positive earnings trajectory, but the sales guidance cut and declining organic sales (-1.2% in Q3) temper the outlook.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS of $1.07 vs consensus $0.98 (beat by 9.2%)
- Q3 2026 reported sales of $1.24B vs consensus $1.24B (in line)
- Q3 2026 organic sales declined 1.2% YoY
- Full-year 2026 adjusted EPS guidance raised to $4.10-$4.20 (from $4.05-$4.20)
- Full-year 2026 organic sales guidance lowered to -2.5% to -1.5% (from approx. -1%)
- Record backlog of $3.5B, up 20% YoY
- Total bookings of $1.38B, up 14.1% reported and 7.7% organic YoY
- Record aftermarket bookings of $728M
- Adjusted operating margin of 16.5%, up 170 bps YoY
- Reported EPS of $0.81 vs $1.67 in Q3 2025 (down 51.5% due to prior-year merger termination fee)
- Cash from operations of $144.1M vs $401.8M in Q3 2025
Financial Impact
Q3 adjusted EPS beat consensus by $0.09 (9.2%); full-year adjusted EPS guidance midpoint raised to $4.15 from $4.125; organic sales guidance lowered by ~150 bps
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Flowserve Pumps Division | $830.4M | +3.8% |
| Flow Control Division | $411.6M | +9.1% |
Risk Factors
- Middle East disruption delaying revenue conversion and impacting Q4 sales
- Organic sales declining 1.2% in Q3 and full-year guidance now negative
- Cash from operations declined sharply to $144M from $402M in Q3 2025
- Flow Control Division gross margin contracted 630 bps to 24.0% (though adjusted gross margin improved 110 bps to 33.2%)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-436189 |
| Document: d121685d8k.htm | 0001193125-26-436189 |
| Document: 0001193125-26-436189-index-headers.html | 0001193125-26-436189 |
| Document: 0001193125-26-436189-index.html | 0001193125-26-436189 |
| Document: 0001193125-26-436189.txt | 0001193125-26-436189 |
| 8-K Data (Synthetic) | 0001193125-26-436189 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 1d ago | Institutional Cluster | $80.35 | awaiting T+60 | awaiting T+60 | $79.01 (−1.67%) |
Oct 28, 2026 2d ago | 8-K | $80.35 | awaiting T+60 | awaiting T+60 | $79.01 (−1.67%) |
Oct 6, 2026 24d ago | 3 | $70.52 | awaiting T+60 | awaiting T+60 | $79.01 (+12.04%) |
Sep 14, 2026 6w ago | 8-K | $71.39 | awaiting T+60 | awaiting T+60 | $79.01 (+10.67%) |
Jun 30, 2026 17w ago | 8-K | $72.38 $76.04 | ▲ +5.06% | ▲ +2.18% | $79.01 (+9.16%) |
Jun 26, 2026 18w ago | Institutional Cluster | $72.56 $74.67 | ▲ +2.91% | ▼ −1.58% | $79.01 (+8.89%) |
May 12, 2026 24w ago | 8-K | $66.46 $79.95 | ▲ +20.30% | ▲ +15.86% | $79.01 (+18.88%) |
Apr 15, 2026 28w ago | 8-K | $77.83 $68.36 | ▼ −12.17% | ▼ −19.21% | $79.01 (+1.52%) |
Apr 2, 2026 30w ago | DEFA14A | $75.24 $74.16 | ▼ −1.44% | ▼ −15.60% | $79.01 (+5.01%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers