Financial Data and Key Metrics Changes - The company reported bookings of $1.2 billion for the quarter, representing a 1% increase year-over-year and a sequential improvement of over $130 million [4][3] - Revenue grew by 4% year-over-year, with adjusted gross margins increasing by 240 basis points to 34.8% and adjusted operating margins rising to 14.8% [3][14] - Adjusted earnings per share (EPS) was $0.90, a 45% increase compared to the prior year [3] - The company raised its adjusted EPS guidance range for 2025 to $3.40-$3.50, reflecting a 31% increase from the previous year and over 60% from 2023 [2][24] Business Line Data and Key Metrics Changes - The aftermarket segment continued to perform strongly, with bookings exceeding $600 million for the sixth consecutive quarter [4] - Excluding engineered pump original equipment bookings, overall bookings growth was 9% across the remaining portfolio [6] - The FTD segment saw bookings growth of 24% and sales growth of 7%, with adjusted operating margins expanding by 230 basis points [15][16] Market Data and Key Metrics Changes - The power market, particularly nuclear, showed strong growth, with over $140 million in nuclear bookings, a record for the company [5] - Mining project activity increased over 60% year-over-year, indicating a recovery in that sector [7] - The company reported a year-to-date book-to-bill ratio of 1.0 times, with expectations for a full-year book-to-bill of approximately 1.0 times [7] Company Strategy and Development Direction - The company is focused on driving sustainable growth, expanding margins, and enhancing cash flow, with a commitment to capital allocation that supports growth opportunities [12][26] - The Flowserve business system is being leveraged to improve operational excellence and margin expansion, with the 80/20 complexity reduction program showing early benefits [19][25] - The company is strategically positioned to capitalize on the growing nuclear market, with expectations of significant opportunities in the next decade [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the aftermarket business, citing strong refinery and chemical plant utilization as key growth drivers [31] - The project environment is viewed as constructive, with expectations for continued growth in power and nuclear sectors [33][35] - The geopolitical and macro environment needs to stabilize for operators to gain confidence in project investments, but overall sentiment for 2026 and beyond is positive [35] Other Important Information - The company announced a divestment of legacy asbestos liabilities, which is expected to simplify capital structure and enhance cash flow by $15 million to $20 million annually [23][62] - Cash from operations for the quarter was $402 million, with free cash flow conversion at an impressive 174% when excluding the merger termination payment [22] Q&A Session Summary Question: Can you provide context on the operating environment and pipeline? - Management highlighted strong aftermarket performance and a shift in focus from large engineered projects to a more resilient business model, with aftermarket growth expected to continue [31][32] Question: What is the outlook on pricing and competitive dynamics? - Pricing has remained sticky in the aftermarket business, with the company confident in maintaining a price-cost neutral or slightly positive position moving forward [36][39] Question: Can you elaborate on the margin improvements in the FTD segment? - The FTD segment achieved a 410 basis point sequential improvement in operating margins, driven by operational excellence and the integration of MOGAS [48][49] Question: What is the expected market share for the nuclear flow control opportunity? - The company has content in 75% of the existing nuclear reactors and is well-positioned to capture a significant share of the projected $10 billion opportunity over the next decade [52][54]

Financial Data and Key Metrics Changes - The company raised its adjusted EPS guidance range for 2025 to $3.40 to $3.50, representing a 31% increase from the previous year and over 60% from 2023 [2][24] - Bookings for the quarter were $1.2 billion, a sequential increase of over $130 million and a 1% growth year-over-year [4][3] - Adjusted gross margins increased by 240 basis points to 34.8%, while adjusted operating margins rose to 14.8%, driven by incremental margins of 115% during the quarter [3][14] - Adjusted earnings per share was $0.90, a 45% increase compared to the prior year [3] Business Line Data and Key Metrics Changes - The aftermarket franchise delivered strong performance with bookings exceeding $600 million for six consecutive quarters, and two of the last three quarters saw aftermarket bookings above $650 million [4][6] - Excluding engineered pump original equipment bookings, bookings growth was 9% across the remaining portfolio [6] - The FTD segment reported bookings growth of 24% and sales growth of 7%, with adjusted operating margins expanding by 230 basis points [15][16] Market Data and Key Metrics Changes - Power and nuclear markets showed strength, with nuclear bookings reaching over $140 million, a record for the company [5][10] - Mining project activity increased over 60% year-over-year, indicating a positive trend in that sector [7] - The company expects a book-to-bill ratio of approximately 1.0 times for the full year, supported by a strong project funnel [7] Company Strategy and Development Direction - The company is focused on driving sustainable growth, expanding margins, and enhancing cash flow, with a commitment to capital allocation that supports growth opportunities [12][26] - The Flowserve business system is being leveraged to drive margin expansion and operational excellence [12][19] - The company is strategically positioned to capitalize on the growth in the nuclear sector, with expectations of significant opportunities in the coming decade [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the aftermarket business, citing strong refinery and chemical plant utilization as key growth drivers [31] - The geopolitical and macro environment needs to stabilize for operators to gain confidence in project investments, but management remains optimistic about growth in 2026 and beyond [35] - The company anticipates continued strong performance in nuclear and power markets, with potential for double-digit growth [10][12] Other Important Information - The company announced a divestment of legacy asbestos liabilities, which is expected to simplify capital structure and enhance cash flow by $15 million to $20 million annually [23][62] - Free cash flow conversion was reported at an impressive 174%, with a focus on improving working capital management [22][64] Q&A Session Summary Question: Can you provide context on the operating environment and pipeline? - Management noted strong aftermarket performance and a constructive project environment, with expectations for continued growth in power and nuclear sectors [31][33] Question: How is pricing in the marketplace? - Pricing has been stable, with the aftermarket business showing strong price retention despite tariff impacts [37][39] Question: Can you elaborate on the margin improvements in FTD? - The integration of MOGAS has positively impacted margins, with operational excellence and the 80/20 program contributing to overall margin improvements [43][48] Question: What is the expected market share for the nuclear flow control opportunity? - The company has content in 75% of the existing nuclear reactors and is well-positioned to capture a significant share of the projected $10 billion opportunity [52][54]

Financial Data and Key Metrics Changes - The company reported bookings of $1.2 billion for the quarter, representing a sequential increase of over $130 million and a 1% growth compared to the prior year [4] - Adjusted gross margins increased by 240 basis points to 34.8%, while adjusted operating margins rose to 14.8%, driven by incremental margins of 115% during the quarter [3][16] - Adjusted earnings per share was $0.90, marking a 45% increase compared to the same period last year [3] - The company raised its adjusted EPS guidance range for the second time this year to $3.40 to $3.50, reflecting a 31% increase from last year and over 60% from 2023 [2][25] Business Line Data and Key Metrics Changes - The aftermarket segment continued to perform strongly, with bookings exceeding $600 million for the sixth consecutive quarter, and two of the last three quarters seeing bookings above $650 million [4][29] - The FTD segment experienced a 24% growth in bookings and a 7% increase in sales, with adjusted operating margins expanding by 230 basis points [18] - Excluding engineered pump original equipment bookings, the remaining portfolio saw an impressive 9% growth in bookings [6] Market Data and Key Metrics Changes - The power market, particularly nuclear, showed strong growth, with over $140 million in nuclear bookings, a record for the company [5] - Mining project activity increased over 60% compared to last year, indicating a positive trend in that sector [8] - The chemical market remains the lowest growth area, although there were signs of improvement in North America [8] Company Strategy and Development Direction - The company is focused on driving sustainable growth, expanding margins, and enhancing cash flow, with a commitment to delivering superior value for shareholders [14][25] - The Flowserve business system is being leveraged to drive margin expansion and operational excellence, with the 80/20 complexity reduction program showing early benefits [20][25] - The company is strategically positioned to capitalize on the growing nuclear market, with expectations of significant growth opportunities in the next decade [12][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the aftermarket business, citing strong refinery and chemical plant utilization as key growth drivers [29] - The project environment is seen as constructive, with expectations for growth in power and nuclear markets, despite some delays in larger engineered projects [31] - The geopolitical and macro environment needs to stabilize for operators to gain confidence in project investments, but overall sentiment for 2026 and beyond is positive [32] Other Important Information - The company announced a divestment of legacy asbestos liabilities, which is expected to simplify capital structure and improve annual cash flow by $15 million to $20 million [24][56] - Cash from operations for the quarter was $402 million, with a free cash flow conversion rate of 174% when excluding the merger termination payment [23] Q&A Session Summary Question: Can you provide context on the operating environment and pipeline? - Management noted strong aftermarket performance and a shift in focus from large engineered projects to a more resilient business model, with expectations for continued growth in power and nuclear sectors [29][31] Question: How is pricing in the marketplace? - Pricing has remained sticky, with successful price increases implemented in the U.S. market, and the company is focused on maintaining a positive price-cost balance [34][37] Question: Can you elaborate on the margin improvements in FTD? - The integration of MOGAS has been successful, contributing positively to margins, and the company is optimistic about future growth opportunities in the FTD segment [41][45] Question: What is the expected market share for the nuclear flow control opportunity? - The company has a strong position in the nuclear market, with content in 75% of existing reactors and expectations to maintain or grow market share in upcoming projects [49][85] Question: What are the cash flow implications of the asbestos transaction? - The transaction is expected to enhance cash flow by $15 million to $20 million annually, simplifying capital allocation and reducing volatility [56][72]

Q3 2025 Financial Highlights - Total bookings reached $1.2 billion, a 1% increase[8] - Sales amounted to $1.2 billion, reflecting a 4% growth[8] - Adjusted gross margins improved to 34.8%, up by 240 basis points[8] - Adjusted EPS increased significantly to $0.90, a 45% rise[8] - Cash from operations totaled $402 million[8] - Adjusted operating margins reached 14.8%, an increase of 370 basis points[8] Bookings Overview - Original Equipment bookings were $560 million in Q3 2025 compared to $589 million in Q3 2024[13] - Aftermarket bookings increased to $653 million in Q3 2025 compared to $615 million in Q3 2024[13] - Power market bookings grew by 23%, while Chemical bookings increased by 18%[13] - Energy market bookings decreased by 19%[13] Nuclear Market Opportunity - The nuclear flow control opportunity is estimated to be over $10 billion in the next decade[25] - New large reactor projects represent an opportunity of over $100 million per reactor, while new SMR projects offer $20-80 million per reactor[26] - Recurring annual revenue from the global installed base is approximately $100 million[26] Full-Year 2025 Guidance - Total sales growth is projected to be up 4%-5%[46] - Adjusted EPS is expected to be in the range of $3.40-$3.50[46]

Core Points - Société Générale S.A. has increased its holdings in FLSmidth to 6.97% of the total share capital and voting rights as of 22 October 2025, up from less than 5.00% previously [2]. Group 1 - FLSmidth & Co. A/S received a notification from Société Générale S.A. regarding its financial instrument holdings [1]. - The announcement is made in accordance with the Danish Capital Markets Act [3]. - FLSmidth is a technology and service supplier to the global mining industry, focusing on improving performance and sustainability [4].

Investment Rating - The report suggests a positive outlook for the nuclear power industry, particularly in the U.S., with a focus on companies involved in nuclear fuel supply, equipment manufacturing, and power operations [9][16]. Core Insights - The U.S. government has signed a cooperation agreement with Westinghouse Electric to build nuclear reactor projects valued at no less than $80 billion, indicating significant investment in the nuclear sector [1][11]. - The commercialization of Small Modular Reactors (SMRs) in the U.S. is expected to accelerate by 2025, driven by the demand from AI tech giants' data centers, regulatory support, and demonstration projects from leading SMR companies [2][12]. - The U.S. nuclear supply chain is heavily reliant on foreign suppliers for critical components and fuel, which presents both challenges and opportunities for domestic manufacturers and foreign suppliers from Japan, South Korea, and Europe [3][13]. - The surge in demand from AI data centers is revitalizing interest in nuclear power as a stable, low-carbon energy source, highlighting the urgency for new nuclear builds to meet rising electricity demands [4][14]. Summary by Sections Upstream - Focus on companies with scarce licenses and limited capacity, such as Cameco and Centrus Energy, which are positioned to benefit from the growing demand for nuclear fuel [9][16]. Midstream - Attention should be given to nuclear equipment manufacturers like BWX Technologies, Doosan Enerbility, and NuScale Power, which are expected to see growth as demonstration projects come online [9][16]. Downstream - Emphasis on nuclear power operators such as Talen Energy and Entergy, which are likely to have visible operating cash flows and benefit from the increasing reliance on nuclear energy [9][16].

Core Insights - Flowserve Corporation reported an earnings per share (EPS) of $0.90, exceeding the Zacks Consensus Estimate of $0.80, representing a 12.50% earnings surprise and a significant improvement from the $0.62 EPS reported in the same quarter last year [2][6] - The company's revenue for the quarter was $1.17 billion, slightly below the estimated $1.21 billion, but an increase from the $1.13 billion reported in the previous year [3][6] - Flowserve's third-quarter bookings reached $1.2 billion, with aftermarket bookings increasing by 6%, surpassing $650 million [3] Financial Metrics - Flowserve has a price-to-earnings (P/E) ratio of approximately 23.63, indicating the price investors are willing to pay for each dollar of earnings [4] - The price-to-sales ratio is about 1.48, suggesting that investors are paying $1.48 for every dollar of Flowserve's sales [4] - The enterprise value to sales ratio is around 1.40 [4] Financial Health - The company maintains a strong financial position with a debt-to-equity ratio of 0.10, indicating a low level of debt compared to its equity [5][6] - Flowserve's current ratio of 2.10 suggests a robust ability to cover its short-term liabilities with its short-term assets [5][6]

Flowserve (FLS) reported $1.17 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 3.7%. EPS of $0.90 for the same period compares to $0.62 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.21 billion, representing a surprise of -2.8%. The company delivered an EPS surprise of +12.5%, with the consensus EPS estimate being $0.80.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Core Insights - Flowserve reported quarterly earnings of $0.9 per share, exceeding the Zacks Consensus Estimate of $0.8 per share, and up from $0.62 per share a year ago [1][2] - The earnings surprise was +12.50%, with a previous quarter surprise of +16.67% [2] - Revenue for the quarter was $1.17 billion, missing the Zacks Consensus Estimate by 2.8%, but up from $1.13 billion year-over-year [3] Earnings Performance - Flowserve has surpassed consensus EPS estimates three times over the last four quarters [2] - The company has only topped consensus revenue estimates once in the last four quarters [3] Stock Performance - Flowserve shares have declined approximately 8.2% year-to-date, contrasting with the S&P 500's gain of 16.9% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.93 on revenues of $1.27 billion, and for the current fiscal year, it is $3.37 on revenues of $4.81 billion [8] - The industry outlook is critical, with the Manufacturing - General Industrial sector ranking in the bottom 38% of Zacks industries [9] Related Industry Insights - Xometry, another company in the same industry, is expected to report earnings of $0.11 per share, reflecting a year-over-year increase of +450% [10] - Xometry's anticipated revenues are $168.23 million, representing an 18.7% increase from the previous year [11]

Exhibit 99.1 Flowserve Corporation Reports Third Quarter 2025 Results DALLAS, October 28, 2025 – Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the third quarter ended September 30, 2025. Highlights: Management Commentary: "Flowserve delivered another quarter of exceptional performance highlighted by strong revenue growth, significant margin and earnings expansion, and robust cash generatio ...