Flowserve (FLS) Stock Forecast & Price Target

Flowserve Corp demonstrated strong financial performance, as reflected by an adjusted operating margin expansion of 370 basis points year-over-year to 14.8%, surpassing internal estimates and market consensus. The company’s project funnel showed sequential growth across all end markets, particularly in the nuclear and power sectors, indicating robust demand and strategic positioning. Furthermore, Flowserve achieved a notable $204 million in free cash flow, alongside consistent aftermarket bookings growth of 6% year-over-year, reinforcing a positive outlook for sustained profitability and operational efficiency.

Flowserve Corp reported a notable decline in key financial metrics, with total bookings decreasing by 13.6% year-over-year and a book-to-bill ratio of 0.91, signaling potential challenges in future revenue generation. Additionally, the company's core growth fell short of expectations, registering a -1.0% growth rate compared to an estimated 3.4%, with declines evident in both the FPD and FCD segments. Furthermore, Flowserve has revised its total sales and organic sales growth projections downward for the year, highlighting a deteriorating operational outlook.