Core Insights - Flowserve's stock surged 25.1% despite mixed earnings report, with earnings per share (EPS) of $0.90 exceeding analyst expectations of $0.80, while sales fell slightly below $1.2 billion [1][5] Financial Performance - Year-over-year sales growth was only 3.6%, with a backlog increase of 4% and new order bookings rising just 0.8%, indicating potential future sales slowdown [3] - Aftermarket parts bookings increased by 6%, and bookings for power equipment surged by 23%, highlighting strong segments within the business [3] - Operating profit margin decreased to 6.7%, but gross margin improved by 90 basis points [3] - GAAP earnings were reported at $1.67 per share, tripling last year's Q3 profit, contrasting with the non-GAAP figure of $0.90 [4][6] Valuation Metrics - Flowserve's stock is currently priced at 19.2 times trailing earnings and has a price-to-free cash flow ratio of 13.8x, indicating it is attractively valued [6] - Analysts project nearly 20% annual earnings growth over the next five years, suggesting potential for stock appreciation [6]