Flowserve Corp reported record aftermarket bookings of nearly $700 million in its second quarter of 2026, driving total bookings up 26% year-over-year to $1.35 billion and prompting the company to raise its full-year adjusted earnings per share guidance to a range of $4.05 to $4.20. Adjusted operating margin expanded 70 basis points to 15.3%, while adjusted gross margin reached 35.9%, up 100 basis points from a year ago. However, organic sales declined 3% due to ongoing portfolio actions and disruption in the Middle East, where sales fell roughly $60 million year-to-date, leading the company to lower its full-year organic sales growth outlook to approximately negative 1%. The company also closed its acquisition of Trillium Valve on June 30, enhancing its capabilities in power generation and expanding its installed base.
Flowserve CorporationFlowserve raised its full-year adjusted EPS guidance and reported record aftermarket bookings, strong margins, and an acquisition.
Terex Corporation