Flowserve Corporation (FLS) Earnings Call Transcripts
Flowserve Corporation's Latest Earnings Call - May 12, 2026
In the first quarter of fiscal year 2026, Flowserve Corporation (FLS:US) reported a revenue of $1.2 billion, which was below expectations due to a slow start in the MRO business and disruptions in the Middle East, impacting revenue by approximately $25 million. Earnings per share (EPS) came in at $0.45, missing estimates by $0.05. Management maintained guidance for mid-single-digit growth in bookings for the year, signaling optimism for the second half as they anticipate recovery in the MRO segment and increased activity in the nuclear sector.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.2B (miss) |
| EPS | $0.45 (miss) |
| Aftermarket Bookings | $600M+ (positive) |
| Nuclear Orders | $110M (positive) |
| Middle East Revenue Impact | $25M (negative) |
| Bookings Growth Guidance | mid-single-digit (neutral) |
Guidance from management
Management maintained guidance for mid-single-digit growth in bookings for 2026, indicating optimism for the second half of the year as recovery is anticipated in the MRO and nuclear sectors.
What management said
I mean, I think that's a good way to classify it. Some of that business is obviously going through distribution, but it's primarily our expectations for North America downstream versus where they landed for the quarter?
Yes, it's hard to say. And I think absent the strong March and April, we would have real concerns about this market. But as things move through distribution, I would say you're sort of 1 level removed from the end customer there. So you're dealing with a behavior that is not necessarily just end-user related but can be -- but can be how distributors are measuring their business. And so the best that we can do is co...
What analysts pressed on
Analysts expressed concerns regarding the impact of geopolitical disruptions in the Middle East and the slow recovery in the MRO business. There were questions about the sustainability of growth in the chemical sector and the timeline for nuclear project developments.
Main topics on the call
- Aftermarket Business Performance — Flowserve reported its eighth consecutive quarter with over $600 million in aftermarket bookings, indicating strong demand in this segment. CFO Amy Schwetz stated, "We continue to work on ways that we can serve our custo...
- MRO Business Slowdown — The MRO segment experienced a slow start in January and February, impacting revenue conversion. Schwetz noted, "We saw that business tick up to our expected levels in March of this year," suggesting recovery is underway.
- Nuclear Sector Growth — Flowserve secured $110 million in nuclear orders during Q1, with significant contributions from life cycle extensions. Schwetz highlighted, "We're building long-dated backlog with that nuclear business," indicating stron...
- Middle East Disruptions — Management acknowledged ongoing challenges in the Middle East, which affected operations and decision-making. Schwetz mentioned, "We think that we'll start to see projects that were slated to begin either move forward in...
Read the full Flowserve Corporation transcript (May 12, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Flowserve Corporation
Flowserve Corporation (FLS) is a publicly listed company in the Machinery industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 106 calls on record spanning February 11, 2020 to November 11, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 106 Flowserve Corporation earnings call transcripts on record, spanning February 11, 2020 to November 11, 2026. Based on this history, Flowserve Corporation reports quarterly. The most recent call on file is dated November 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- FLS
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Machinery
- Calls on record
- 106
- First call
- February 11, 2020
- Most recent
- November 11, 2026
- Reporting cadence
- quarterly