Flowserve Corporation (FLS) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Flowserve published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Flowserve reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Segment sales include intersegment sales. The Eliminations and All Other row removes them ($4.2 million in Q3 2026) so the rows sum to consolidated sales.
• Q3 2025 GAAP results included the $266 million Chart Industries merger termination fee paid to Flowserve, worth $1.56 per share, which is why GAAP EPS fell while adjusted EPS rose.

Source: Flowserve Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Flowserve splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Flowserve's Flowserve Pumps Division (FPD) revenue was $830 million in Q3 2026, up 4% from $800 million in Q3 2025, 67% of total revenue.
• Flowserve's Flow Control Division (FCD) revenue was $412 million in Q3 2026, up 9% from $377 million in Q3 2025, 33% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Flowserve's guidance table in the release also raises the low end of 2026 adjusted EPS guidance, to $4.10 to $4.20 from $4.05 to $4.20.

In its Q3 2026 release, Flowserve said:

“Revised full-year 2026 organic sales guidance to down 2.5% to down 1.5% reflecting increasingly challenging conditions in the Middle East”

“At the same time, we are lowering our full-year sales growth outlook to reflect more challenging operating conditions in the Middle East, which are delaying customer activity and revenue conversion and are expected to impact fourth-quarter sales.”

“The guidance assumes tariff rates in place as of October 1, 2026, and assumes increasingly challenging conditions in the Middle East, which have been impacted by armed conflict and geopolitical instability.”

Source: Flowserve Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the FLS forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP figures, each as first reported in that quarter's release. Flowserve prints sales in thousands; they are rounded here to one decimal in millions.

We do not hold a confirmed date for Flowserve's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Flowserve's sales were $1,237.8 million in Q3 2026, up 5.4% from $1,174.4 million. Organic sales fell 1.2%; acquisitions and divestitures added 670 basis points and currency took away 10 basis points. The Flowserve Pumps Division (FPD), which makes custom engineered and industrial pumps, mechanical seals and related services, had sales of $830.4 million. The Flow Control Division (FCD), which makes isolation valves, control valves and valve automation products, had $411.6 million. (Flowserve Q3 2026 release, Oct 28, 2026; Flowserve Form 10-K, 2025, Feb 17, 2026)

Flowserve splits revenue into original equipment and aftermarket, which covers replacement equipment, maintenance, repair and retrofitting. Aftermarket revenue was $697.5 million and original equipment $540.3 million, and aftermarket rose to approximately 56% of total sales from approximately 53%. FPD alone produced $578.8 million of aftermarket revenue. The 10-Q says the sales increase was driven by aftermarket sales. (Flowserve Form 10-Q, Q3 2026, Oct 28, 2026)

By destination, Flowserve's customer sales rose by $45.2 million into North America, $17.9 million into Asia Pacific, $15.6 million into Latin America and $10.5 million into Europe, and fell by $21.5 million into the Middle East and $6.8 million into Africa. International customers, including U.S. exports, were approximately 61% of sales, against 63%. The 10-Q says the armed conflict with Iran cut bookings and revenue in the Middle East during 2026 and that conditions worsened toward the end of the quarter. (Flowserve Form 10-Q, Q3 2026, Oct 28, 2026)

Flowserve's portfolio changed during the year. It bought the remaining 51% of FAMCO, its Abu Dhabi pump service joint venture, on May 11, 2026 for $34.5 million, added Trillium Valves, and on August 6, 2026 sold the PMV Automation business in FCD for $34.6 million, recording a $16.2 million gain. Backlog reached $3,471.8 million, up 19.9%, which Flowserve calls the largest in its history. (Flowserve Form 10-Q, Q3 2026, Oct 28, 2026; Flowserve Q3 2026 release, Oct 28, 2026)

Flowserve's GAAP diluted EPS fell to $0.81 from $1.67 while adjusted EPS rose to $1.07 from $0.90. The year-ago GAAP figure included the Chart Industries merger termination fee paid to Flowserve, $266.0 million before tax and $1.56 per share, which Flowserve excluded from adjusted EPS. (Flowserve Q3 2026 release, Oct 28, 2026)

In Q3 2026 Flowserve's adjusted EPS excludes realignment charges ($0.17 per share, net of the gain on the PMV divestiture), acquisition and divestiture costs ($0.03), amortization of intangible assets ($0.14), discrete items ($0.07, mainly a $8.0 million purchase of intellectual property in FPD) and below-the-line foreign exchange ($0.04). It also removes a discrete tax benefit from releasing a valuation allowance in Italy, worth $0.18 per share. (Flowserve Q3 2026 release, Oct 28, 2026)

Flowserve's reported effective tax rate was 12.4%, against 20.6% on an adjusted basis. Diluted weighted average shares were 127,962 thousand, against 131,235 thousand. Flowserve repurchased 696,110 shares for $50.2 million in the quarter and had $122.7 million of remaining capacity under its repurchase program. (Flowserve Q3 2026 release, Oct 28, 2026; Flowserve Form 10-Q, Q3 2026, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Flowserve gives a full-year outlook in its release. With Q3 2026 results it raised the low end of 2026 adjusted EPS guidance to $4.10 to $4.20, from $4.05 to $4.20, and lowered organic sales guidance to down 2.5% to down 1.5%, from approximately down 1%. Total sales growth is now expected at 2% to 3%, including approximately 350 basis points from acquisitions and divestitures and 100 basis points from currency. (Flowserve Q3 2026 release, Oct 28, 2026)

Flowserve kept net interest expense at approximately $85 million and its adjusted tax rate at 21% to 22%, and cut expected capital expenditures to approximately $90 million from $100 million. The guidance assumes tariff rates in place as of October 1, 2026, and Flowserve's CEO said Middle East conditions are delaying customer activity and are expected to affect fourth-quarter sales. (Flowserve Q3 2026 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Flowserve, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Flowserve's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning FLS is on is FLS a buy or a sell?, what analysts expect next is on the FLS forecast, and what the company does is on the Flowserve Corporation (FLS) stock page.

Every number on this page can be traced to a document Flowserve published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.