Quarterly ResultApr 29, 2026, 04:32 PM
FLS Q1 Diluted EPS $0.64; Net Earnings +10.5%; $490M Trillium Acquisition
AI Summary
Flowserve reported Q1 2026 diluted EPS of $0.64, up from $0.56 in Q1 2025, with net earnings attributable to Flowserve Corporation increasing by 10.5% to $81.7 million despite a 6.7% decrease in sales to $1.07 billion. The company signed a definitive agreement to acquire Trillium Flow Technologies’ Valves Division for $490 million in cash, expected to close mid-2026. Additionally, Flowserve submitted a $35.4 million tariff refund request following a U.S. Supreme Court ruling and plans to acquire the remaining 51% equity in FAMCO for $34.5 million.
Key Highlights
- Signed agreement to acquire Trillium Flow Technologies’ Valves Division for $490M cash.
- To acquire remaining 51% equity in Flowserve Al Mansoori Services Company for $34.5M.
- Q1 2026 diluted EPS increased to $0.64 from $0.56 in Q1 2025.
- Q1 2026 net earnings attributable to FLS rose 10.5% to $81.7M.
- Q1 2026 sales decreased 6.7% to $1.07B from $1.14B in Q1 2025.
- Submitted $35.4M tariff refund request for IEEPA tariffs paid.
- FPD Q1 2026 revenue was $743.0M, FCD Q1 2026 revenue was $325.2M.
- Q1 2026 Aftermarket sales were $611.7M, Original Equipment sales were $456.6M.
Price Impact
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