Overview
Flowserve Q3 sales rose 3.6% yr/yr but missed analysts' expectations
Company increased full-year 2025 adjusted EPS guidance
Flowserve to divest legacy asbestos liabilities, focusing on growth opportunities
Outlook
Flowserve raises full-year 2025 adjusted EPS guidance to $3.40-$3.50
Company expects full-year total sales growth of 4% to 5%
Result Drivers
AFTERMARKET GROWTH - Aftermarket bookings grew 6% to over $650 mln, driving revenue growth
POWER SECTOR DEMAND - Power bookings increased 23% yr/yr, with $140 mln in nuclear awards
MARGIN EXPANSION - Adjusted operating margin expanded 370 bps to 14.8%, aided by strategic initiatives
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $1.17 bln | $1.20 bln (11 Analysts) |
Q3 Gross Profit | $380.29 mln | ||
Q3 Operating Income | $79.27 mln | ||
Q3 Pretax Profit | $317.55 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Flowserve Corp is $65.50, about 19.4% above its October 27 closing price of $52.82
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nBw90BRKGa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)