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 that Chief Legal Officer Susan Claire Hudson acquired 48 shares of Common Stock on 2026-08-03. The shares were acquired at $75.99 per share under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan in a prescheduled transaction. Following this award, she directly owns 24,858 shares of Flowserve Common Stock.
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 reported Q2 2026 sales of $1,169,175 thousand and net earnings attributable to the company of $98,998 thousand, compared with $81,754 thousand a year earlier. Diluted EPS was $0.77. For the first six months, sales were $2,237,444 thousand and net earnings $180,679 thousand, with diluted EPS of $1.41. Operating cash flow for the period was $86,166 thousand.
Flowserve closed the Trillium Flow Technologies Valves Division acquisition for $491.2 million and increased its stake in FAMCO for $34.5 million, adding goodwill and intangibles funded partly by new $500.0 million 5.70% senior notes. It recognized a $35.4 million receivable for IEEPA tariff refunds and notes that Middle East conflict has reduced regional bookings and revenue but has not materially disrupted overall operations to date.
Flowserve Corporation President & CEO Robert Scott Rowe acquired 60 shares of common stock at $74.16 per share in a prescheduled transaction under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan. Following this acquisition, he directly holds 507,835 shares of Flowserve common stock.
Flowserve Corporation's Chief Legal Officer, Susan Claire Hudson, acquired 33 shares of common stock on July 1, 2026 at $74.16 per share. The shares were obtained under the non-qualified Flowserve Corporation 2024 Employee Stock Purchase Plan in a prescheduled transaction. Following this award, she directly holds 24,810 common shares.
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.
Kenneth I. Siegel reported a proposed sale of 1,000 shares of Common Stock. The filing lists the sale method as Distribution from a Trust or an Estate with an indicated date of 05/21/2026. The filing also discloses four sales during the past three months totaling 16,000 shares for aggregate proceeds of $1,198,620.00 across dated transactions: 05/26/2026 (9,000 shares, $649,620.00), 06/11/2026 (4,000 shares, $307,000.00), 06/15/2026 (2,000 shares, $161,000.00), and 06/16/2026 (1,000 shares, $81,000.00). The broker/dealer shown is Morgan Stanley Smith Barney LLC.
Flowserve Corp’s Chief Human Resources Officer Brian Boukalik reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 16, 2026, 681 restricted stock units were converted into the same number of common shares, reflecting a derivative exercise tied to his long-term incentive plan. To cover tax obligations, 171 shares of common stock were disposed of at $78.07 per share through a tax-withholding mechanism rather than an open-market sale. Following these transactions, Boukalik directly holds 4,204 shares of common stock and 10,480 restricted stock units, which vest ratably over three years beginning on June 15, 2025 and settle the next business day after vesting.
Morgan Stanley Smith Barney LLC filed a Form 144 notice showing a proposed sale of 1,000 shares of Common Stock on 05/21/2026 (listed with an aggregate amount of $81,000.00 in the excerpt). The filing also lists prior open-market dispositions by Kenneth I. Siegel totaling 15,000 shares across three dates in May–June 2026 with aggregate proceeds shown.