Live News • May 29
Flowserve Reaffirms 2026 Targets as Revenue Falls and Activist Pressure Mounts Flowserve reaffirmed its 2026 guidance, highlighting plans for adjusted operating margin expansion and double-digit adjusted EPS growth. The company pointed to portfolio and operational changes since 2022 as drivers of margin gains.
In Q1, Flowserve’s revenue fell 6.7% year on year and came in below analyst expectations, although EBITDA was ahead of estimates. The stock has declined 12.4% since the report.
Activist investor Starboard Value sent a letter to the board calling for better execution and faster improvement in shareholder value, while expressing confidence in Flowserve’s exposure to reindustrialization, power generation, nuclear and energy security themes.
The tension between reaffirmed 2026 targets and weaker recent revenue, combined with outperformance on EBITDA, indicates that management is emphasizing efficiency and profitability even as top-line trends face pressure.
Active involvement from Starboard could lead to changes in capital allocation, cost structure or governance. Investors may want to watch for any board or strategy updates as potential catalysts as the company works toward its stated 2026 goals. Announcement • May 28
Starboard Issues a Letter to Flowserve On May 28, 2026, Starboard Value LP announced that it delivered a letter to Flowserve’s Board of Directors highlighting that the Company has significantly underperformed due to poor execution and details opportunities to deliver improved shareholder value. Starboard Value stated that it believes the Company Is a high-quality business poised to benefit from powerful secular tailwinds across reindustrialization, power generation, nuclear, and energy security and looks forward to continuing constructive engagement with board and management and plans to hold Company accountable. Declared Dividend • May 18
First quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 26th June 2026 Payment date: 10th July 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Flowserve Corporation Updates Earnings Guidance for the Fiscal Year 2026 Flowserve Corporation updated earnings guidance for the fiscal year 2026. For the year, the company expects total sales growth of +3% to +6% compared to previous guidance of +5% to +7%. Reported Earnings • Apr 30
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0.64 (up from US$0.56 in 1Q 2025). Revenue: US$1.07b (down 6.7% from 1Q 2025). Net income: US$81.7m (up 11% from 1Q 2025). Profit margin: 7.6% (up from 6.5% in 1Q 2025). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$978k sold). Announcement • Apr 15
Flowserve Corporation to Report Q1, 2026 Results on Apr 29, 2026 Flowserve Corporation announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Announcement • Apr 03
Flowserve Corporation, Annual General Meeting, May 14, 2026 Flowserve Corporation, Annual General Meeting, May 14, 2026. Buy Or Sell Opportunity • Mar 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to US$69.16. The fair value is estimated to be US$87.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (1.2%). Announcement • Mar 16
Flowserve Corporation Appoints Brian Savoy to Board of Directors and Audit Committee and Technology, Innovation and Risk Committee, Effective March 16, 2026 Flowserve Corporation announced that its Board of Directors has elected Brian Savoy as a member of the Board of Directors and appointed him to the Audit Committee and Technology, Innovation and Risk Committee, effective March 16, 2026. Mr. Savoy currently serves as the Chief Financial Officer and Executive Vice President at Duke Energy, an electric power and natural gas holding company. His experience also includes serving as Duke Energy’s Chief Strategy and Commercial Officer as well as its Chief Transformation and Administrative Officer. Brian also currently serves as a board member and audit committee chair for the Electric Power Research Institute, a nonprofit organization advancing safe, reliable, and sustainable energy through research and collaboration with utilities, regulators, and policymakers. Mr. Savoy earned a Bachelor of Business Administration degree in accounting from Lamar University and is a certified public accountant. Recent Insider Transactions Derivative • Feb 20
President exercised options and sold US$1.0m worth of stock On the 17th of February, Robert Rowe exercised options to acquire 11k shares at no cost and sold these for an average price of US$89.69 per share. This trade did not impact their existing holding. For the year to December 2019, Robert's total compensation was 11% salary and 89% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Robert's direct individual holding has increased from 430.22k shares to 464.65k. Company insiders have collectively sold US$18m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Feb 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$7.9m sold). Recent Insider Transactions • Feb 18
Independent Director recently sold US$689k worth of stock On the 17th of February, Michael McMurray sold around 8k shares on-market at roughly US$89.96 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$6.9m. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months. Declared Dividend • Feb 16
Fourth quarter dividend increased to US$0.22 Dividend of US$0.22 is 4.8% higher than last year. Ex-date: 27th March 2026 Payment date: 10th April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 13
Flowserve Corporation Announces Quarterly Dividend, Payable on April 10, 2026 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share on the Company’s outstanding shares of common stock. This represents a 5% increase to the Company’s most recent per share quarterly dividend. The dividend is payable on April 10, 2026, to shareholders of record as of the close of business on March 27, 2026. Price Target Changed • Feb 08
Price target increased by 8.2% to US$88.90 Up from US$82.20, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of US$85.46. Stock is up 36% over the past year. The company is forecast to post earnings per share of US$3.91 for next year compared to US$2.66 last year. Reported Earnings • Feb 06
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$2.66 (up from US$2.15 in FY 2024). Revenue: US$4.73b (up 3.8% from FY 2024). Net income: US$346.2m (up 23% from FY 2024). Profit margin: 7.3% (up from 6.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Flowserve Corporation Provides Earnings Guidance for the Financial Year 2026 Flowserve Corporation provided earnings guidance for the financial year 2026. For the year 2026, Organic Sales Growth to be +1% to +3%. Total Sales Growth to be +5% to +7%. Announcement • Jan 21
Flowserve Corporation to Report Q4, 2025 Results on Feb 05, 2026 Flowserve Corporation announced that they will report Q4, 2025 results After-Market on Feb 05, 2026 Announcement • Jan 01
Kenneth I. Siegel Announces Not Stand for Re-Election to the Board of Flowserve Corporation Flowserve Corporation announced that on December 29, 2025, Kenneth I. Siegel informed the Board of Directors of Flowserve Corporation that he would not stand for re-election at the Company's 2026 annual meeting of shareholders. Mr. Siegel will continue to serve as a director until the annual meeting. Mr. Siegel's decision not to stand for re-election was not the result of any disagreement with the management or the Board of the Company. Announcement • Dec 17
Flowserve Corporation (NYSE:FLS) acquired Greenray Turbine Solutions Limited for approximately $72 million. Flowserve Corporation (NYSE:FLS) acquired Greenray Turbine Solutions Limited for approximately $72 million on December 16, 2025. A cash consideration of $72 million will be paid by Flowserve Corporation. As part of consideration, $72 million is paid towards common equity of Greenray Turbine Solutions Limited.
Flowserve Corporation (NYSE:FLS) completed the acquisition of Greenray Turbine Solutions Limited for approximately $72 million on December 16, 2025. Declared Dividend • Dec 15
Third quarter dividend of US$0.21 announced Dividend of US$0.21 is the same as last year. Ex-date: 26th December 2025 Payment date: 9th January 2026 Dividend yield will be 1.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 12
Flowserve Corporation Announces Quarterly Cash Dividend on Common Stock, Payable on January 9, 2026 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the Company’s outstanding shares of common stock. The dividend is payable on January 9, 2026, to shareholders of record as of the close of business on December 26, 2025. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board of Directors at its discretion. Recent Insider Transactions • Dec 04
President recently sold US$6.9m worth of stock On the 2nd of December, Robert Rowe sold around 98k shares on-market at roughly US$70.40 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Dec 03
President notifies of intention to sell stock Robert Rowe intends to sell 213k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of December. If the sale is conducted around the recent share price of US$70.48, it would amount to US$15m. For the year to December 2018, Robert's total compensation was 11% salary and 89% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Robert's direct individual holding has increased from 430.22k shares to 444.37k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 06
Senior VP & CFO recently sold US$3.3m worth of stock On the 4th of November, Amy Schwetz sold around 47k shares on-market at roughly US$71.02 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Amy's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Nov 05
Senior VP notifies of intention to sell stock Susan Hudson intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of November. If the sale is conducted around the recent share price of US$70.01, it would amount to US$747k. Since March 2025, Susan's direct individual holding has increased from 16.77k shares to 17.26k. Company insiders have collectively sold US$6.7m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Nov 04
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$2.99 to US$3.37. Revenue forecast steady at US$4.77b. Net income forecast to grow 6.7% next year vs 18% growth forecast for Machinery industry in the US. Consensus price target up from US$66.50 to US$75.50. Share price rose 32% to US$69.53 over the past week. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to US$71.85, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Machinery industry in the US. Total returns to shareholders of 145% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$80.89 per share. Price Target Changed • Oct 30
Price target increased by 9.9% to US$71.10 Up from US$64.70, the current price target is an average from 10 analysts. New target price is 5.6% above last closing price of US$67.35. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$3.32 for next year compared to US$2.15 last year. Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$1.69 (up from US$0.44 in 3Q 2024). Revenue: US$1.17b (up 3.6% from 3Q 2024). Net income: US$219.6m (up 276% from 3Q 2024). Profit margin: 19% (up from 5.2% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 113%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
Flowserve Corporation Updates Earnings Guidance for the Full-Year 2025 Flowserve Corporation updated earnings guidance for the full-year 2025. For the year, the company expected organic sales growth of positive 2% as compared to prior guidance of positive 3% to positive 4%. Total sales growth of positive 4% to positive 5% as compared to prior guidance of positive 5% to positive 6%. Announcement • Oct 08
Flowserve Corporation to Report Q3, 2025 Results on Oct 28, 2025 Flowserve Corporation announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 28, 2025 Upcoming Dividend • Sep 19
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (1.5%). Announcement • Sep 17
Flowserve Corporation Announces Executive Changes Flowserve Corporation has announced that Alice DeBiasio will join the company as President of the Flow Control Division, beginning Oct. 13, 2025. Alice DeBiasio is an accomplished leader with extensive experience leading global industrial organizations and driving consistent profitable growth, innovation and customer loyalty. Most recently, DeBiasio 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 entire Climate Solutions Transportation divisions. Prior to Carrier, she held leadership roles of increasing responsibility at Resideo (formerly Honeywell) and Northrop Grumman, where she focused on product management, software solutions, project management and engineering. DeBiasio holds an MBA and a Master of Science in Mechanical Engineering from SUNY Stony Brook University, as well as a Bachelor of Science in Mechanical Engineering and a Bachelor of Arts in Music Instrumental Performance from the University of Miami. Kirk Wilson, the current President of the Flow Control Division, will remain with Flowserve as a senior advisor through Jan. 9, 2026, to assist with special projects and ensure a smooth transition as DeBiasio enters her new role. Declared Dividend • Aug 17
Second quarter dividend of US$0.21 announced Dividend of US$0.21 is the same as last year. Ex-date: 26th September 2025 Payment date: 10th October 2025 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 14
Flowserve Corporation Announces Quarterly Cash Dividend, Payable on October 10, 2025 Flowserve Corporation announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the Company’s outstanding shares of common stock. The dividend is payable on October 10, 2025, to shareholders of record as of the close of business on September 26, 2025. Recent Insider Transactions • Aug 12
President of Flow Control Division recently sold US$526k worth of stock On the 8th of August, Kirk Wilson sold around 10k shares on-market at roughly US$52.58 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 29
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: US$0.63 (up from US$0.55 in 2Q 2024). Revenue: US$1.19b (up 2.7% from 2Q 2024). Net income: US$81.8m (up 13% from 2Q 2024). Profit margin: 6.9% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jul 11
Flowserve Corporation to Report Q2, 2025 Results on Jul 30, 2025 Flowserve Corporation announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$53.64, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Machinery industry in the US. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$55.15 per share. Upcoming Dividend • Jun 20
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (1.7%). Announcement • Jun 04
Flowserve Corporation (NYSE:FLS) entered into a definitive agreement to acquire Chart Industries, Inc. (NYSE:GTLS) for approximately $7.2 billion in a merger of equals transaction. Flowserve Corporation (NYSE:FLS) entered into a definitive agreement to acquire Chart Industries, Inc. (NYSE:GTLS) for approximately $7.2 billion in a merger of equals transaction on June 3, 2025. The transaction is structured as an all-stock merger of equals. Chart shareholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned. 6.75% Series B Mandatory Convertible Preferred Stock of Chart, that remain issued and outstanding immediately prior to the First Effective Time, each such share of Chart Preferred Stock shall be converted into the right to receive one share of a newly created 6.75% Series B Mandatory Convertible Preferred Stock of Flowserve, par value $1.00 per share, having the same rights, privileges and voting powers, and limitations and restrictions thereof, as the shares of Chart Preferred Stock had immediately prior to the First Effective Time. Following the close of the transaction, Chart shareholders will own approximately 53.5% and Flowserve shareholders will own approximately 46.5% of the combined company, on a fully diluted basis. A termination fee of $250 million is payable by chart and $215 million is payable by Flowserve. The combined company is expected to have an enterprise value of approximately $19 billion, generated net revenue of approximately $8.8 billion on a combined LTM basis as of the end of Q1 2025,leverage ratio of 2.0x net debt to adjusted EBITDA at close. Upon closing, the combined company’s Board will comprise 12 directors, six of whom will be from Chart and six from Flowserve. Ms. Evanko will serve as the Chair of the combined company’s Board of Directors, Mr. Rowe will serve as Chief Executive Officer of the combined company, and John Garrison will serve as Lead Independent Director of the combined company’s Board. Following the closing of the transaction, the combined company will have its headquarters in Dallas, TX and expects to maintain a presence in Atlanta and Houston, supported by a global footprint across more than 50 countries. The combined company will assume a new name and brand following close.
The transaction has been unanimously approved by the board of directors of each company, subject to approval of shareholders of both Chart and Flowserve, the receipt of regulatory approvals, HSR act clearance,the effectiveness of a registration statement and the satisfaction of other customary closing conditions and is expected to close in the fourth quarter of 2025. The transaction is anticipated to be Meaningfully Accretive to Combined Adjusted EPS in First Year.
Wells Fargo Securities, LLC acted as financial advisor and fairness opinion provider, Matt Stevens and Paul Huddle of Winston & Strawn LLP acted as legal advisor for Chart Industries, Inc. Guggenheim Securities, LLC acted as financial advisor and fairness opinion provider, Cravath, George F. Schoen and Daniel J. Cerqueira of Swaine & Moore LLP acted as legal advisor for Flowserve Corporation. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor. Veriten is serving as an independent strategic advisor to Flowserve. Declared Dividend • May 21
First quarter dividend of US$0.21 announced Dividend of US$0.21 is the same as last year. Ex-date: 27th June 2025 Payment date: 11th July 2025 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.56 (down from US$0.56 in 1Q 2024). Revenue: US$1.14b (up 5.2% from 1Q 2024). Net income: US$73.9m (flat on 1Q 2024). Profit margin: 6.5% (down from 6.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Flowserve Corporation Reaffirms Earnings Guidance for the Year 2025 Flowserve Corporation reaffirmed earnings guidance for the year 2025. For the year, the company expected organic sales growth of positive 3% to positive 5%. Total sales growth of positive 5% to positive 7%. Price Target Changed • Apr 14
Price target decreased by 10% to US$64.30 Down from US$71.50, the current price target is an average from 10 analysts. New target price is 51% above last closing price of US$42.50. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of US$3.00 for next year compared to US$2.15 last year. Announcement • Apr 11
Flowserve Corporation to Report Q1, 2025 Results on Apr 29, 2025 Flowserve Corporation announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$40.07, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Machinery industry in the US. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$71.74 per share. Announcement • Apr 04
Flowserve Corporation, Annual General Meeting, May 16, 2025 Flowserve Corporation, Annual General Meeting, May 16, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (1.7%). Announcement • Mar 11
Flowserve Corporation Launches First Sealless Pump with True Secondary Containment, Setting New Standard for Safety Flowserve Corporation has launched the INNOMAG TB-MAG Dual Drive Pump, the world's first sealless pump to eliminate leaks, setting a new standard for safety and environmental protection. For chemical plant operators, processing toxic and hazardous fluids such as hydrofluoric acid or acrylonitrile requires safeguards to avoid potential catastrophic consequences for the sites and the environment around them. One such safeguard is using pumps with a secondary containment system to house liquid in the event of a pump failure. Historically, Canned Motor Pumps (CMPs) were the only viable option because sealless pumps with dual control systems include parts that wear over time and are susceptible to leaking. The INNOMAG TB- MAG Dual Drive now makes sealless pumps a safe alternative to CMPs and other sealless pumps with dual Control systems because the liquid and drive sections of the pump are both sealed airtight, providing a true secondary layer of protection in the pump. By containing the liquid in the pump, the motor remains liquid-free and operational - the most common downfall from CMP failures. The INNOMAGTB-MAG Dual Drive also has an additional layer of corrosion resistance for handling chemicals due to a non-metallic liner which coats the pump internally. These features help ensure the elimination of leaks, enabling a significant safety net for operators who process these fluids each day. The INNOMAG CB-MAG Dual Drive pump offers all the same benefits as other similar products: ISO/ASME (ANSI) compliant, simple installation, low-maintenance, solids handlings up to 30% volume concentration and reliability. With its modular design, standard single containment INNOMAG TB-Mag pumps can be enhanced by bolting on the Dual Drive unit. Alternatively, the INNOMAG TB - Dual Drive can be purchased as a complete unit. Recent Insider Transactions Derivative • Mar 07
President exercised options and sold US$549k worth of stock On the 1st of March, Robert Rowe exercised options to acquire 10k shares at no cost and sold these for an average price of US$55.04 per share. This trade did not impact their existing holding. For the year to December 2018, Robert's total compensation was 11% salary and 89% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Robert's direct individual holding has decreased from 564.46k shares to 429.78k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 21
Fourth quarter dividend of US$0.21 announced Dividend of US$0.21 is the same as last year. Ex-date: 28th March 2025 Payment date: 11th April 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 56% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to US$57.46. The fair value is estimated to be US$73.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Recent Insider Transactions Derivative • Feb 19
President exercised options and sold US$1.8m worth of stock On the 13th of February, Robert Rowe exercised options to acquire 28k shares at no cost and sold these for an average price of US$62.00 per share. This trade did not impact their existing holding. For the year to December 2018, Robert's total compensation was 11% salary and 89% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Robert's direct individual holding has decreased from 564.46k shares to 349.51k. Company insiders have collectively sold US$7.9m more than they bought, via options and on-market transactions in the last 12 months. 
