FLOWSERVE CORP
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 30, 2025
FLS$85.66-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (Amounts in thousands, except per share data) | ||
| Sales | $1,188,092 | $1,156,892 |
| Cost of sales | (781,510) | (790,796) |
| Gross profit | 406,582 | 366,096 |
| Selling, general and administrative expense | (265,908) | (238,627) |
| Loss on sale of business | — | (12,981) |
| Net earnings from affiliates | 5,916 | 6,816 |
| Operating income | 146,590 | 121,304 |
| Interest expense | (20,253) | (16,917) |
| Interest income | 2,526 | 1,174 |
| Other expense, net | (25,003) | (5,263) |
| Earnings before income taxes | 103,860 | 100,298 |
| Provision for income taxes | (15,636) | (23,846) |
| Net earnings, including noncontrolling interests | 88,224 | 76,452 |
| Less: net earnings attributable to noncontrolling interests | (6,470) | (3,836) |
| Net earnings attributable to Flowserve Corporation | $81,754 | $72,616 |
| Net earnings per share attributable to Flowserve Corporation common shareholders: | ||
| Basic | $0.62 | $0.55 |
| Diluted | 0.62 | 0.55 |
| Weighted average shares - basic | 130,846 | 131,656 |
| Weighted average shares - diluted | 131,599 | 132,415 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (Amounts in thousands) | ||
| Net earnings, including noncontrolling interests | $88,224 | $76,452 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments, net of taxes of ($3,821) and $2,280, respectively | 111,659 | (24,431) |
| Pension and other postretirement effects, net of taxes of ($359) and ($28), respectively | (1,299) | 819 |
| Cash flow hedging activity, net of taxes of ($7) and ($7), respectively | 24 | 24 |
| Other comprehensive income (loss): | 110,384 | (23,588) |
| Comprehensive income including noncontrolling interests | 198,608 | 52,864 |
| Comprehensive (income) loss attributable to noncontrolling interests | (6,530) | (3,764) |
| Comprehensive income attributable to Flowserve Corporation | $192,078 | $49,100 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (Amounts in thousands, except per share data) | ||
| Sales | $2,332,635 | $2,244,371 |
| Cost of sales | (1,556,719) | (1,539,307) |
| Gross profit | 775,916 | 705,064 |
| Selling, general and administrative expense | (509,085) | (467,045) |
| Loss on sale of business | — | (12,981) |
| Net earnings from affiliates | 11,648 | 9,344 |
| Operating income | 278,479 | 234,382 |
| Interest expense | (39,428) | (32,233) |
| Interest income | 4,271 | 2,343 |
| Other expense, net | (42,262) | (6,137) |
| Earnings before income taxes | 201,060 | 198,355 |
| Provision for income taxes | (33,379) | (43,988) |
| Net earnings, including noncontrolling interests | 167,681 | 154,367 |
| Less: Net earnings attributable to noncontrolling interests | (12,022) | (7,531) |
| Net earnings attributable to Flowserve Corporation | $155,659 | $146,836 |
| Net earnings per share attributable to Flowserve Corporation common shareholders: | ||
| Basic | $1.19 | $1.12 |
| Diluted | 1.18 | 1.11 |
| Weighted average shares - basic | 131,206 | 131,583 |
| Weighted average shares - diluted | 132,135 | 132,392 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (Amounts in thousands) | ||
| Net earnings, including noncontrolling interests | $167,681 | $154,367 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments, net of taxes of ($5,728) and $3,108, respectively | 159,230 | (52,675) |
| Pension and other postretirement effects, net of taxes of ($746) and $49, respectively | (965) | 2,195 |
| Cash flow hedging activity, net of taxes of ($14) and ($43), respectively | 48 | 19 |
| Other comprehensive income (loss): | 158,313 | (50,461) |
| Comprehensive income including noncontrolling interests | 325,994 | 103,906 |
| Comprehensive (income) loss attributable to noncontrolling interests | (12,115) | (7,246) |
| Comprehensive income attributable to Flowserve Corporation | $313,879 | $96,660 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.