Flowserve Corporation Reports Revenue and Profit Growth in Q2 and First Half of 2025

Flowserve Corporation reported its financial results for the second quarter and first half of 2025, showcasing a notable increase in both revenue and profitability compared to the same period in 2024. For the three months ended June 30, 2025, the company achieved sales of $1.188 billion, a 2.7% increase from $1.157 billion in the prior year. Gross profit for the quarter rose to $406.6 million, up 11.1% from $366.1 million, resulting in a gross profit margin of 34.2%, compared to 31.6% a year earlier. Net earnings attributable to Flowserve Corporation for the quarter were $81.8 million, or $0.62 per diluted share, reflecting a 12.5% increase from $72.6 million, or $0.55 per diluted share, in the same quarter of 2024.

For the first half of 2025, Flowserve reported sales of $2.333 billion, a 3.9% increase from $2.244 billion in the first half of 2024. Gross profit for this period was $775.9 million, up 10% from $705.1 million, with a gross profit margin of 33.3%, compared to 31.4% in the previous year. Net earnings attributable to Flowserve Corporation for the six months ended June 30, 2025, were $155.7 million, or $1.18 per diluted share, compared to $146.8 million, or $1.11 per diluted share, in the same period of 2024.

The company noted several strategic developments during the reporting period, including the acquisition of MOGAS Industries, which was completed in October 2024 for $290 million. This acquisition is expected to enhance Flowserve's product offerings and aftermarket opportunities. Additionally, Flowserve terminated its merger agreement with Chart Industries in July 2025, receiving a $266 million termination fee, which will be recorded as income in the third quarter of 2025. The company also initiated a series of realignment programs aimed at optimizing operations and reducing complexity, with an estimated investment of $28 million for 2025.

Operationally, Flowserve's customer base remains diverse, with significant contributions from both original equipment and aftermarket sales. The company reported a backlog of $2.853 billion as of June 30, 2025, reflecting a 2.3% increase from the end of 2024. Approximately 40% of this backlog is related to aftermarket orders, which are generally higher margin compared to original equipment sales. Flowserve's global footprint includes approximately 16,000 employees and manufacturing facilities in over 50 countries, supporting its extensive customer network.

Looking ahead, Flowserve anticipates continued growth driven by its strategic focus on diversification, decarbonization, and digitization, referred to as the "3D Strategy." The company expects to leverage its strong backlog and improved operational execution to achieve annual revenue growth in 2025, despite potential macroeconomic challenges such as inflation and geopolitical uncertainties. As of June 30, 2025, Flowserve maintained a cash balance of $629.2 million and had $661 million available under its credit facilities, positioning the company well for future investments and operational needs.