Flowserve Corporation (FLS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the FlowServe's second quarter 2026 earnings call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Brian Ezzell, Vice President of Investor Relations. Please go ahead, sir. Thank you, and good morning, everyone. Welcome to FlowServe's second quarter 2026 business update. I'm joined by Scott Rowe, FlowServe's President and Chief Executive Officer, and FlowServe's Chief Financial Officer, Amy Schwetz. Following Scott and Amy's prepared remarks, we'll open the call for questions. Turning to slide two, our discussion will contain forward-looking statements that are based upon information available as of today. Actual results may differ due to risks and uncertainties. Refer to additional information, including our note on non-GAAP measures in our press release, earnings presentation, and SEC filings, which are available on our website. With that, I will turn it over to Scott. Thank you, Brian, and good morning, everyone. Turning to slide three, I'd like to begin by thanking our associates around the world for their hard work, disciplined execution, and resilience in what remains a dynamic environment. The second quarter was marked by meaningful customer bookings, solid execution, and strong financial performance, building on the momentum of the Floeserve business system and durable in-market demand. Starting off with some key highlights. Bookings were a standout in the quarter, growing double digits year over year to $1.35 billion, with record after bookings of almost $700 million. An adjusted operating margin expanded 70 basis points to 15.3%. That performance drove adjusted earnings per share of $0.95, ahead of our expectations for the quarter. Sales came in modestly ahead of what we ...