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$FLS Can Flowserve's record $3.5B backlog offset a 2026 organic sales outlook cut to -2.5% to -1.5%?
✂️ Flowserve, a maker of industrial pumps, seals and valves worth about $9.13B at $71.79 a share at 16:00 ET on October 28, 2026, cut its 2026 organic sales outlook to -2.5% to -1.5% from about -1%, citing the Middle East
⚠️ With $2.87 of adjusted EPS earned through nine months, the full-year guide needs $1.23 to $1.33 in Q4, above Q3's $1.07, in the quarter management says Middle East delays will hit sales
🏆 Q3 bookings rose 14% to $1.38B and backlog reached a record $3.5B, up 20% and about 2.8 times Q3 sales, the orders future sales are drawn from
📅 Next: Management takes questions on the quarter Thursday, October 29, 2026, and the size of the Middle East drag on Q4 sales is the number to listen for
Source: Q3 release (SEC 8-K) + SEC 10-Q, Oct 28
