Business UpdateMay 28, 2026, 04:09 PM
Flowserve Reaffirms 2026 Guidance & 2030 Financial Targets
AI Summary
Flowserve Corporation issued a press release in response to public statements by Starboard Value LP, reaffirming its full-year guidance for fiscal year 2026. The company underscored its commitment to driving shareholder value, highlighting 860 basis points of adjusted operating margin improvement since 2022. Flowserve also reaffirmed its 2030 financial targets, including mid-single digit organic sales CAGR, 20% adjusted operating margin, and double-digit adjusted EPS CAGR.
Key Highlights
- Reaffirmed 2026 guidance for adjusted operating margin expansion and double-digit adjusted EPS growth.
- Reaffirmed 2030 financial target of mid-single digit organic sales CAGR from 2025-2030.
- Reaffirmed 2030 financial target of 20% adjusted operating margin.
- Reaffirmed 2030 financial target of double-digit adjusted EPS CAGR from 2025-2030.
- Achieved 860 basis points of adjusted operating margin improvement since 2022.
- Returned $365 million to shareholders in 2025, including $255 million in share repurchases.
Price Impact
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