Flowserve Corporation (FLS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

2025 earnings call is being recorded. At this time, I'd like to turn the conference over to Brian Izzell, Vice President, Investor Relations, Treasurer, and Corporate Finance. Please go ahead. Thank you, and good morning, everyone. Welcome to FlowSurf's third quarter 2025 business update. I'm joined by Scott Rowe, FlowSurf's President and Chief Executive Officer, and FlowSurf'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'll turn it over to Scott. Thank you, Brian, and good morning, everyone. I'll start on slide three. The momentum we built in the first half of the year continued in the third quarter as we delivered exceptional results across bookings, margin expansion, earnings, and cash flow. We remain focused on driving growth while leveraging the closer business system to accelerate margin expansion. With three-quarters of the year now behind us, we have increased confidence in our ability to meet our 2025 objectives And we are raising our adjusted EPS guidance range for the second time this year to $3.40 to $3.50. The midpoint of our revised guidance represents a 31% increase from last year and an increase of more than 60% from 2023 and highlights consistent execution of our strategy and our confidence in the growth opportunities ahead. In the quarter, we delivered bookings of $1.2 billion and revenue growth of 4%. We also c...