Flowserve Corporation reported a strong start to 2025 with first quarter sales of $1.144 billion, a 5.2% increase compared to the prior year period. Bookings soared 18.1% year-over-year to $1.226 billion, resulting in a robust book-to-bill ratio of 1.07x. Aftermarket bookings reached a record level of nearly $690 million, marking the fourth consecutive quarter above $600 million.
Profitability saw significant improvement, with adjusted operating margin expanding by 190 basis points year-over-year to 12.8%. Adjusted earnings per share (EPS) increased by 24.1% to $0.72, surpassing Wall Street expectations. This performance was driven by healthy end markets and improved operational execution under the Flowserve Business System.
Despite cash from operations being a use of $49.9 million in Q1, Flowserve reaffirmed its full-year 2025 guidance, targeting organic sales growth of 3% to 5% and adjusted EPS of $3.10 to $3.30. The company's near-record $2.9 billion backlog provides strong revenue visibility, and management is confident in mitigating the estimated $90 million to $100 million annualized gross impact of new tariffs through strategic pricing and supply chain optimization.
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