Every 8-K that Flowserve Corp (FLS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FLS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FLS filings page.
Flowserve Corporation appointed Ajay Agrawal, Chief Business Development Officer and Senior Vice President, Global Services at Carrier Global Corporation, to its Board of Directors effective August 5, 2026, filling a newly created seat. He will serve on the Organization and Compensation Committee and the Technology, Innovation and Risk Committee and is expected to be nominated for reelection at the 2027 annual meeting of shareholders. The Board determined that he qualifies as an independent director under New York Stock Exchange standards and Section 10A(m)(3) of the Exchange Act, with no related-party transactions requiring disclosure.
To accommodate this addition, the Board approved an amendment to Article III, Section 2 of the Company’s By-Laws on August 4, 2026 to increase the number of directors from nine to ten, effective August 5, 2026. Flowserve also issued a press release on August 5, 2026 announcing Mr. Agrawal’s election, which was furnished as an exhibit.
Flowserve Corporation reported second quarter 2026 results showing strong demand but softer revenue. Total bookings rose to $1,348.1 million, up 25.5% from Q2 2025, while backlog reached $3,336.0 million, 16.9% higher year over year. Reported sales were $1,169.2 million, down 1.6% from the prior-year quarter as organic sales declined 3.3%.
Profitability improved. Q2 2026 operating margin increased to 13.0% from 12.3%, and adjusted operating margin rose to 15.3%. Diluted EPS grew to $0.77 from $0.62, with adjusted EPS up to $0.95 from $0.91. Year-to-date adjusted EPS reached $1.80 versus $1.63 a year earlier. Management highlighted this as the 14th consecutive quarter of year-over-year adjusted gross margin expansion.
For 2026, Flowserve now expects total sales growth of approximately +3%, narrowing the prior +3% to +6% range, and forecasts organic sales around (1)%. The company raised the low end of its adjusted EPS guidance to $4.05–$4.20 from $4.00–$4.20, assuming current Middle East business conditions persist. Capital expenditures are projected at approximately $100 million, and net interest expense at approximately $85 million.
Flowserve Corporation has closed its all-cash acquisition of Trillium Flow Technologies’ Valves Division for $490 million, plus working capital adjustments. The acquired business supplies highly engineered, mission-critical valves and related flow control equipment used in nuclear, traditional power generation, industrial and critical infrastructure applications.
Trillium’s valves division brings a broad portfolio of specialized valve and actuation products, nuclear and power technologies, and scalable service offerings serving global customers. Flowserve plans to integrate the business using the Flowserve Business System and its 80/20 operating principles, and expects the acquired business to generate annualized revenue of approximately $200 million with adjusted EBITDA margins in the high teens.
Flowserve Corporation reaffirmed its previously announced full-year 2026 guidance in response to public statements from Starboard Value LP and detailed its strategy to drive long-term shareholder value. The company highlighted 860 basis points of adjusted operating margin improvement since 2022 and continued year-over-year gains in key metrics.
Flowserve reiterated 2026 goals for adjusted operating margin expansion and double-digit adjusted EPS growth, and confirmed 2030 targets including mid-single digit organic sales CAGR from 2025-2030 and a 20% adjusted operating margin. It also cited strong cash generation supporting the acquisition of the Valves Division of Trillium Flow Technologies and the return of $365 million to shareholders in 2025, including $255 million of share repurchases.
Flowserve Corporation amended its By-Laws effective May 14, 2026 to reduce the size of its Board of Directors from eleven to nine members. The change affects Article III, Section 2 and is detailed in amended and restated By-Laws filed as an exhibit.
The company also reported results from its 2026 virtual annual meeting. Shareholders representing 116,322,393 shares, or 91.02% of the 127,795,413 shares entitled to vote as of March 17, 2026, were present. All nine director nominees were elected, executive compensation received majority support, the appointment of PricewaterhouseCoopers LLP as independent auditor for 2026 was ratified, and a shareholder proposal requesting an annual advisory vote on stock repurchases did not pass.
Flowserve Corporation issued $500 million aggregate principal amount of 5.700% Senior Notes due 2036 under its existing indenture. Interest is payable semi-annually each May 15 and November 15, starting November 15, 2026, and the Notes mature on May 15, 2036.
The Notes include a Special Mandatory Redemption at 101% of principal plus accrued interest if the Trillium Flow Technologies Valves Division acquisition is not completed by February 4, 2027 (or a later agreed Longstop Date) or the purchase agreement is terminated. Flowserve may also redeem the Notes before maturity at specified make-whole or par prices, subject to notice requirements.
The Notes are senior unsecured obligations of Flowserve, not guaranteed by subsidiaries, and rank equally with its other senior unsecured debt while being effectively subordinated to subsidiary liabilities and secured debt. The indenture contains customary covenants on liens, mergers, and asset transfers, and specifies events of default that can accelerate repayment.
Flowserve Corporation is issuing $500 million of 5.700% Senior Notes due 2036 under an underwriting agreement with BofA Securities, J.P. Morgan and Mizuho. The notes are issued under an existing indenture and a new supplemental indenture.
Flowserve plans to use the net proceeds to help fund the purchase price for the Trillium Flow Technologies Valves Division acquisition and any remaining funds for general corporate purposes, which may include repaying debt. If the Trillium acquisition is not completed by the contractual Longstop Date of February 4, 2027 or the purchase agreement is terminated, the company intends to redeem all of the notes at 101% of principal plus accrued interest, using the note proceeds together with its revolving credit facility or cash on hand.
Flowserve Corporation reported mixed first quarter 2026 results, with sales of $1,068.3 million, down 6.7% from Q1 2025, but earnings improving. Basic and diluted EPS rose to $0.64 from $0.56, and adjusted EPS increased to $0.85 from $0.72, reflecting higher margins and cost actions.
Reported operating margin was 11.2% versus 11.5% a year ago, while adjusted operating margin strengthened to 15.1% from 12.8%. Backlog edged up to $2,945.9 million. The company now expects 2026 total sales growth of 3% to 6%, down from 5% to 7%, but reaffirmed adjusted EPS guidance of $4.00 to $4.20.
Flowserve Corporation entered into a Third Amended and Restated Credit Agreement with Bank of America and other lenders, establishing a $1,000.0 million unsecured revolving credit facility and an unsecured term loan facility of up to $450.0 million, both maturing on April 15, 2031.
On the closing date, the company drew approximately $450.0 million under the term loan and $250.0 million under the revolver to refinance existing debt and for general corporate purposes. Pricing is based on Term SOFR plus 1.000%–1.750% or, at Flowserve’s option, a Base Rate plus 0.000%–0.750%, with initial margins of Term SOFR plus 1.375% and Base Rate plus 0.375%.
The facility includes a $750.0 million sublimit for letters of credit, a $30.0 million swing line sublimit, an option to increase the revolver by up to $400.0 million, and customary financial covenants such as consolidated net leverage and interest coverage ratios.
Flowserve Corporation announced leadership changes in its Flowserve Pumps Division and finance organization. Lamar Duhon, President of the Flowserve Pumps Division (FPD), has resigned to become President & CEO of a privately held company and will remain in his role until April 10, 2026.
Matthew Klopfer, currently Vice President, Strategic Business Management for FPD and formerly Vice President, General Manager of Flowserve’s Industrial Pumps Business Unit, will become President of FPD effective April 11, 2026. Flowserve also disclosed that Chief Accounting Officer Scott Vopni plans to retire as of June 30, 2026, and the company has started a search for his permanent successor.
If a new Chief Accounting Officer is not in place by Mr. Vopni’s retirement date, Chief Financial Officer Amy Schwetz will serve as interim Chief Accounting Officer until a replacement is identified, providing continuity in the company’s financial leadership.
Flowserve Corporation reported that its Board of Directors elected Brian D. Savoy, Executive Vice President and Chief Financial Officer of Duke Energy, as a new independent director, effective March 16, 2026. He will serve on the Audit Committee and the Technology, Innovation and Risk Committee and has been designated an “audit committee financial expert.”
The Board amended the company’s By-Laws to increase the number of directors from ten to eleven to accommodate this new seat and plans to reduce the board size after director Ken Siegel’s term ends at the May 2026 annual meeting. Flowserve also furnished a press release announcing Mr. Savoy’s appointment.
Flowserve Corporation has agreed to acquire Trillium Flow Technologies’ Valves Division for $490 million in cash, adding a market-leading portfolio of highly engineered, mission-critical valves used in nuclear and traditional power generation, industrial, and critical infrastructure applications.
The deal is expected to close in mid-2026, funded through a combination of cash on hand and additional debt, and remains subject to customary closing conditions and regulatory approvals. Flowserve also released a press release and investor presentation covering its fourth-quarter and full-year 2025 financial and operating results.
Flowserve Corporation reported that board member Kenneth I. Siegel has told the Board he will not stand for re-election at the company’s 2026 annual meeting of shareholders. He will continue to serve as a director until that meeting, providing continuity through the upcoming governance cycle. The company stated that Mr. Siegel’s decision was not the result of any disagreement with management or the Board, indicating this is a planned transition rather than a dispute-driven departure.
Flowserve Corporation has completed the divestiture of all its legacy asbestos liabilities by selling its wholly owned subsidiary BW/IP – New Mexico, Inc. to Ajax HoldCo LLC, an affiliate of Acorn Investment Partners and a portfolio company of Oaktree Capital Management. At closing, BWIP was capitalized with related assets and approximately $219,000,000 in cash, including a $199,000,000 contribution from Flowserve and a $20,000,000 contribution from the buyer.
After this transaction, the asbestos-related liabilities and associated insurance assets will be removed from Flowserve’s consolidated balance sheet, while the buyer assumes management of BWIP, including claims and insurance reimbursements. The boards of the selling entities received an independent solvency opinion supporting their determination that BWIP was solvent and adequately capitalized after the divestiture.
Flowserve Corporation announced it will permanently divest its legacy asbestos liabilities by selling BW/IP – New Mexico, Inc. to Ajax HoldCo LLC, an affiliate of Acorn Investment Partners, a portfolio company of funds managed by Oaktree Capital Management L.P. Closing is expected in Q4 2025.
At closing, the subsidiary will be capitalized with approximately $219,000,000 in cash, including a $199,000,000 contribution from Flowserve and $20,000,000 from the buyer. Upon completion, the asbestos liabilities and related insurance assets will be removed from Flowserve’s consolidated balance sheet, with the buyer assuming management of claims and insurance reimbursements. The sellers’ boards received a solvency opinion supporting that the company will be solvent and adequately capitalized after the transaction. Flowserve also furnished its third-quarter 2025 results press release and an investor presentation reference.
Flowserve Corporation reported a leadership change in its Flow Control Division. Kirk Wilson, currently President of the division, will step down from this role effective October 13, 2025. He will remain with the company as a senior advisor focused on strategic projects and transitioning responsibilities until January 9, 2026. His separation is treated as a termination without Cause under Flowserve’s Executive Officer Severance Plan, which entitles him to severance payments and benefits under that plan.
The company has appointed Alice DeBiasio as the new President of the Flow Control Division, effective October 13, 2025. She previously served as Vice President, General Manager at Carrier Corporation since 2021, where she led multiple business segments, including Truck Trailer Americas, Sensitech and Digital Solutions for the Climate Solutions Transportation divisions.