The industrial flow control firm raised its full-year earnings guidance while forecasting a 1% decline in organic sales growth.
Flowserve increased the low end of its 2026 adjusted earnings per share guidance to $4.05, reflecting stronger margins and bookings performance. The company now expects organic sales to decline by approximately 1% for the year, a slight downward revision from prior projections.
Second-quarter bookings surged to $1.35 billion, marking double-digit year-over-year growth, with record quarterly bookings of nearly $700 million. Adjusted operating margin expanded by 70 basis points to 15.3%, driven by operational efficiencies and higher demand in key segments.
Management attributed the mixed outlook to macroeconomic uncertainties but highlighted robust backlog and margin expansion as positive indicators for future performance.