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Earnings Score 42 Neutral

Flowserve Reports Q1 Income Growth Amid Revenue Decline

Apr 29, 2026 20:44 UTC
FLS
Short term

Flowserve Corporation saw a rise in first-quarter net income despite a 7% drop in overall revenue. The company maintained positive full-year guidance for both earnings and top-line growth.

  • Q1 Net Income: $81.68 million
  • Q1 EPS: $0.64 (GAAP)
  • Revenue: $1.06 billion (7% decrease)
  • Adjusted EPS: $0.85
  • FY Revenue Guidance: 3% to 6% growth
  • FY EPS Guidance: $4.00 to $4.20

Flowserve Corporation (FLS) has announced its financial results for the first quarter, highlighting a growth in profitability despite facing headwinds in total revenue. The results reflect a divergence between the company's bottom-line efficiency and its top-line performance as the firm navigates current market conditions in the industrial flow control sector. According to the report, net income rose to $81.68 million, or $0.64 per share, compared to $73.90 million, or $0.56 per share, in the same period last year. When excluding specific items, the company reported adjusted earnings of $109.62 million, which equates to $0.85 per share. However, the company's top line experienced a contraction. Revenue for the first quarter fell 7.0% to $1.06 billion, down from $1.14 billion reported in the prior year's first quarter. Looking forward, Flowserve provided a full-year EPS guidance range of $4.00 to $4.20. The company also expects full-year revenue growth to land between 3% and 6%, suggesting an anticipated recovery in sales volume for the remainder of the fiscal year.

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