AcquisitionsJul 29, 2026, 04:08 PM
Flowserve Acquires Trillium Flow Technologies' Valves Division for $490M
AI Summary
Flowserve acquired Trillium Flow Technologies' Valves Division for $490 million on June 30, 2026, and is divesting its PMV Automation business for $35 million. The company reported increased Q2 2026 net earnings attributable to Flowserve Corporation of $98.998 million, up from $81.754 million year-over-year, with diluted EPS rising to $0.77. Sales for the quarter slightly decreased to $1,169.175 million. Flowserve also received $20.9 million in IEEPA tariff refunds, with $35.4 million expected in total.
Key Highlights
- Acquired Trillium Flow Technologies' Valves Division for $490 million on June 30, 2026.
- Divested PMV Automation business for $35 million, expected to close in Q3 2026.
- Received $20.9 million in IEEPA tariff refunds, with $35.4 million total expected.
- Q2 2026 Net earnings attributable to Flowserve Corporation rose to $98.998 million from $81.754 million YoY.
- Q2 2026 Diluted EPS increased to $0.77 from $0.62 YoY.
- Q2 2026 Sales were $1,169.175 million, down from $1,188.092 million YoY.
- H1 2026 Net earnings attributable to Flowserve Corporation were $180.679 million, up from $155.659 million YoY.
- H1 2026 Diluted EPS increased to $1.41 from $1.18 YoY.
Price Impact
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