Flowserve Corporation reported a notable financial performance for the fiscal year ending December 31, 2025, with total sales reaching $4.73 billion, an increase of 3.8% from $4.56 billion in 2024. The company's gross profit also rose to $1.58 billion, reflecting a gross profit margin of 33.4%, up from 31.5% the previous year. Net earnings attributable to Flowserve Corporation increased to $346.2 million, or $2.64 per diluted share, compared to $282.8 million, or $2.14 per diluted share, in 2024. This growth in profitability was primarily driven by improved sales in the aftermarket segment and strategic pricing adjustments.
In terms of operational changes, Flowserve undertook significant realignment activities throughout 2025, consolidating its Flowserve Pumps Division (FPD) and Flow Control Division (FCD) to enhance efficiency and align its go-to-market strategy. The company initiated the 2025 Realignment Programs, which are expected to incur approximately $93 million in costs, with anticipated annualized savings to be evaluated upon completion. Additionally, Flowserve completed the acquisition of Greenray Turbine Solutions for $72.4 million and finalized the acquisition of MOGAS Industries in 2024, which contributed to its expanded product offerings and market presence.
Flowserve's customer base remains diverse, serving over 10,000 clients across various industries, including energy, chemical, and power generation. The company reported a backlog of $2.87 billion as of December 31, 2025, an increase from $2.79 billion in 2024, indicating a strong demand for its products and services. Approximately 42% of this backlog is related to aftermarket orders, which are generally higher margin compared to original equipment sales. The company also noted that its international sales accounted for approximately 63% of total sales in 2025, reflecting its global reach.
Looking ahead, Flowserve anticipates continued growth in 2026, driven by its strategic focus on diversification, decarbonization, and digitization, collectively referred to as the "3D Strategy." The company expects to leverage its strong backlog and improved operational execution to achieve revenue growth, despite potential macroeconomic uncertainties and geopolitical challenges. Flowserve's management remains committed to enhancing shareholder value through ongoing investments in innovation and operational excellence, while maintaining a robust liquidity position with $760.2 million in cash and cash equivalents as of year-end 2025.
About FLOWSERVE CORP
Flowserve Corporation is a global manufacturer and service provider of flow control systems, including pumps, valves, seals, and automation products. Serving industries such as oil and gas, chemical, power, water management, and general industrial markets, it offers engineered equipment, aftermarket services, and digital solutions. Its core value lies in reliable, high-quality technology and innovative solutions supporting energy transition, decarbonization, and operational efficiency worldwide.
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