Flowserve Reports Q1 Earnings Growth Despite Revenue Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2026
0mins
Should l Buy FLS?
Source: NASDAQ.COM
Flowserve Corp's stock fell 8.77% as it hit a 5-day low amid mixed market conditions, with the Nasdaq-100 down 0.24% and the S&P 500 slightly up.
The company reported a net income of $81.68 million for Q1, translating to an EPS of $0.64, which is an increase from last year's $73.90 million and $0.56 per share. However, revenue declined by 7% to $1.06 billion, reflecting weakened market demand and competition. Flowserve provided a cautious full-year EPS guidance of $4.00 to $4.20, indicating a tempered outlook for recovery.
Despite the revenue challenges, the earnings growth suggests resilience in profitability, but the stock's decline indicates investor concerns about future market conditions and competition.
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Analyst Views on FLS
Wall Street analysts forecast FLS stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 71.540
Low
74.00
Averages
80.75
High
85.00
Current: 71.540
Low
74.00
Averages
80.75
High
85.00
About FLS
Flowserve Corporation is a provider of fluid motion and control products and services. The Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. Its Flowserve Pumps Division segment designs, manufactures, pretests, distributes and services highly custom-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals and auxiliary systems (original equipment) and related services. Its products and services are used by companies that operate in the energy, power generation, chemical, and general industries. Its Flowserve Pumps Division segment designs, manufactures, and distributes a portfolio of engineered-to-order and configured-to-order isolation valves, control valves, valve automation products and related equipment. Its products are used to control, direct and manage the flow of liquids, gases and multiphase fluids. It also provides aftermarket products and services for industrial gas turbines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Flowserve Corporation Prices $500 Million Senior Notes Offering
- Offering Size: Flowserve Corporation has announced the pricing of $500 million in senior notes at a 5.7% interest rate, expected to close on May 12, 2026, with proceeds aimed at acquiring Trillium Flow Technologies' Valves Division, thereby enhancing its competitive position in the fluid control market.
- Interest Payment Structure: The notes will pay interest semi-annually on May 15 and November 15, with the first payment scheduled for November 15, 2026, ensuring a steady cash flow for investors while enhancing the attractiveness of the company's financing.
- Redemption Terms: Should the Trillium acquisition not be completed by February 4, 2027, Flowserve intends to use the net proceeds from the notes and other funds to redeem all outstanding notes, thereby safeguarding investor capital and maintaining financial stability.
- Underwriter Lineup: BofA Securities, J.P. Morgan, and Mizuho Securities are acting as joint book-running managers for the offering, reflecting market confidence in Flowserve's financing capabilities and enhancing the company's reputation in capital markets.
See More
Flowserve Corp Issues $500 Million in 5.700% Senior Notes Maturing in 2036
- Company Overview: Flower Corp has issued senior notes worth $500 million.
- Interest Rate: The notes carry an interest rate of 5.700%.
- Maturity Date: The senior notes are due in 2036.
- Financial Implications: This issuance is part of Flower Corp's financial strategy to raise capital.
See More
Flowserve Prices $500M Public Offering of 5.7% Senior Notes
- Bond Offering Size: Flowserve has announced a public offering of $500 million in 5.7% senior notes due in 2036, which is expected to strengthen the company's capital structure and support future financing needs.
- Interest Payment Schedule: The interest on these notes will be paid semi-annually on May 15 and November 15, with the first payment scheduled for November 15, 2026, ensuring a stable cash flow for investors.
- Clear Use of Proceeds: The proceeds from this bond offering will be used to fund the acquisition of Trillium Flow Technologies' Valves Division, with any remaining funds allocated for general corporate purposes, highlighting the company's focus on strategic acquisitions.
- Performance Outlook Update: Flowserve reaffirms its adjusted EPS guidance for 2026 at $4 to $4.20 while updating its total sales growth outlook to 3% to 6%, reflecting the company's confidence in future performance.
See More
FLOWSERVE CORP: TD COWEN LOWERS TARGET PRICE FROM $100 TO $85
Company Overview: Flower Corp is a company involved in the cannabis industry, focusing on cultivation and distribution.
Target Price Adjustment: TD Cowen has reduced the target price for Flower Corp's stock from $100 to $85, indicating a reassessment of the company's market value.
Market Implications: The price cut may reflect broader market trends or specific challenges faced by Flower Corp, impacting investor sentiment.
Future Outlook: Investors will be closely monitoring Flower Corp's performance and any strategic changes following the target price adjustment.
See More
Flowserve Q1 2026 Earnings Call Insights
- Earnings Growth: Flowserve reported an adjusted EPS of $0.85 for Q1 2026, reflecting an 18% increase year-over-year, demonstrating the company's continued focus on execution despite a total revenue of $1.1 billion, which was down 7% from the previous year.
- Order Status: The company recorded bookings of $1.15 billion in the first quarter, a 6% decline year-over-year, with approximately $50 million in negative impact due to customer delays in the Middle East; however, bookings were largely in line with expectations.
- Margin Improvement: The adjusted gross margin increased by 370 basis points to 37.2%, marking the 13th consecutive quarter of year-over-year gross margin expansion, indicating success in cost control and operational efficiency.
- Outlook: Flowserve reaffirmed its full-year adjusted EPS guidance of $4 to $4.20, while anticipating a decline in Q2 sales due to Middle East disruptions, although customer projects are expected to proceed, reflecting a cautiously optimistic outlook for the future.
See More
Flowserve Reports First Quarter Earnings Growth
- Earnings Growth: Flowserve Corporation reported a net income of $81.68 million for the first quarter, translating to an earnings per share (EPS) of $0.64, which marks a significant increase from last year's $73.90 million and $0.56 per share, indicating improved profitability.
- Adjusted Earnings: Excluding special items, Flowserve's adjusted earnings reached $109.62 million, or $0.85 per share, demonstrating strong core business performance despite a decline in overall revenue.
- Revenue Decline: The company's revenue for the quarter fell to $1.06 billion, a 7% decrease from $1.14 billion last year, reflecting challenges from weakened market demand and intensified competition.
- Future Guidance: Flowserve provided full-year EPS guidance of $4.00 to $4.20, with revenue growth expectations between 3% and 6%, indicating a cautiously optimistic outlook for market recovery ahead.
See More
Flowserve Corporation Prices $500 Million Senior Notes Offering
- Offering Size: Flowserve Corporation has announced the pricing of $500 million in senior notes at a 5.7% interest rate, expected to close on May 12, 2026, with proceeds aimed at acquiring Trillium Flow Technologies' Valves Division, thereby enhancing its competitive position in the fluid control market.
- Interest Payment Structure: The notes will pay interest semi-annually on May 15 and November 15, with the first payment scheduled for November 15, 2026, ensuring a steady cash flow for investors while enhancing the attractiveness of the company's financing.
- Redemption Terms: Should the Trillium acquisition not be completed by February 4, 2027, Flowserve intends to use the net proceeds from the notes and other funds to redeem all outstanding notes, thereby safeguarding investor capital and maintaining financial stability.
- Underwriter Lineup: BofA Securities, J.P. Morgan, and Mizuho Securities are acting as joint book-running managers for the offering, reflecting market confidence in Flowserve's financing capabilities and enhancing the company's reputation in capital markets.
See More
Flowserve Corp Issues $500 Million in 5.700% Senior Notes Maturing in 2036
- Company Overview: Flower Corp has issued senior notes worth $500 million.
- Interest Rate: The notes carry an interest rate of 5.700%.
- Maturity Date: The senior notes are due in 2036.
- Financial Implications: This issuance is part of Flower Corp's financial strategy to raise capital.
See More
Flowserve Prices $500M Public Offering of 5.7% Senior Notes
- Bond Offering Size: Flowserve has announced a public offering of $500 million in 5.7% senior notes due in 2036, which is expected to strengthen the company's capital structure and support future financing needs.
- Interest Payment Schedule: The interest on these notes will be paid semi-annually on May 15 and November 15, with the first payment scheduled for November 15, 2026, ensuring a stable cash flow for investors.
- Clear Use of Proceeds: The proceeds from this bond offering will be used to fund the acquisition of Trillium Flow Technologies' Valves Division, with any remaining funds allocated for general corporate purposes, highlighting the company's focus on strategic acquisitions.
- Performance Outlook Update: Flowserve reaffirms its adjusted EPS guidance for 2026 at $4 to $4.20 while updating its total sales growth outlook to 3% to 6%, reflecting the company's confidence in future performance.
See More
FLOWSERVE CORP: TD COWEN LOWERS TARGET PRICE FROM $100 TO $85
Company Overview: Flower Corp is a company involved in the cannabis industry, focusing on cultivation and distribution.
Target Price Adjustment: TD Cowen has reduced the target price for Flower Corp's stock from $100 to $85, indicating a reassessment of the company's market value.
Market Implications: The price cut may reflect broader market trends or specific challenges faced by Flower Corp, impacting investor sentiment.
Future Outlook: Investors will be closely monitoring Flower Corp's performance and any strategic changes following the target price adjustment.
See More
Flowserve Q1 2026 Earnings Call Insights
- Earnings Growth: Flowserve reported an adjusted EPS of $0.85 for Q1 2026, reflecting an 18% increase year-over-year, demonstrating the company's continued focus on execution despite a total revenue of $1.1 billion, which was down 7% from the previous year.
- Order Status: The company recorded bookings of $1.15 billion in the first quarter, a 6% decline year-over-year, with approximately $50 million in negative impact due to customer delays in the Middle East; however, bookings were largely in line with expectations.
- Margin Improvement: The adjusted gross margin increased by 370 basis points to 37.2%, marking the 13th consecutive quarter of year-over-year gross margin expansion, indicating success in cost control and operational efficiency.
- Outlook: Flowserve reaffirmed its full-year adjusted EPS guidance of $4 to $4.20, while anticipating a decline in Q2 sales due to Middle East disruptions, although customer projects are expected to proceed, reflecting a cautiously optimistic outlook for the future.
See More
Flowserve Reports First Quarter Earnings Growth
- Earnings Growth: Flowserve Corporation reported a net income of $81.68 million for the first quarter, translating to an earnings per share (EPS) of $0.64, which marks a significant increase from last year's $73.90 million and $0.56 per share, indicating improved profitability.
- Adjusted Earnings: Excluding special items, Flowserve's adjusted earnings reached $109.62 million, or $0.85 per share, demonstrating strong core business performance despite a decline in overall revenue.
- Revenue Decline: The company's revenue for the quarter fell to $1.06 billion, a 7% decrease from $1.14 billion last year, reflecting challenges from weakened market demand and intensified competition.
- Future Guidance: Flowserve provided full-year EPS guidance of $4.00 to $4.20, with revenue growth expectations between 3% and 6%, indicating a cautiously optimistic outlook for market recovery ahead.
See More
