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Q1 2026 Net Sales of $345 Million and Diluted EPS of $1.35 Per Share;  Reaffirms Full Year 2026 Guidance; Quarterly Cash Dividend to be Paid on June 30, 2026

IPAR posts record Q1 2026 results as EPS and sales rise, beating consensus, with Coach up 30%, helping offset softer regions.

Key Takeaways Interparfums' latest quarter highlighted core brands as key to sustaining growth momentum.Interparfums' top seven brands grew 8%, while top brand-region combinations rose 9%.Interparfums introduced line extensions across key brands to support consumer engagement. Interparfums, Inc.’s (IPAR - Free Report) brand portfolio continues to demonstrate resilience, even as the global fragrance market enters a more normalized growth phase. The company’s latest quarterly results highlighted the importance of its core franchises, which are increasingly driving performance across geographies and channels.

In the first quarter of 2026, several leading brands delivered strong gains. Coach sales climbed 30%, while Roberto Cavalli rose 32%, Montblanc increased 14% and GUESS advanced 11%. Management noted that the company’s top seven brands grew 8% during the quarter, underscoring the strength of its largest franchises. Meanwhile, the top 20 brand-region combinations, which represented 86% of total sales, posted 9% growth. These results suggest that Interparfums’ biggest brands continue to resonate with consumers despite softer demand in certain markets.

Interparfums is increasingly concentrating on the strength of its larger brands as part of an ongoing portfolio optimization strategy.  Management acknowledged that brands generating less than $10 million in annual sales could eventually be reevaluated, while the company continues to pursue larger opportunities. New licensing agreements with David Beckham and Nautica further reflect this strategy of strengthening the portfolio with brands offering greater scale and long-term potential.

The company also continues to support brand momentum through innovation. Although 2026 is not expected to feature major blockbuster launches, the company has introduced multiple line extensions across key brands and plans additional releases throughout the year. Management believes these initiatives are helping maintain consumer engagement ahead of a larger wave of launches scheduled for 2027.

Overall, the latest quarter reinforced the importance of Interparfums' core brands, which continue to drive growth across markets and channels. Supported by innovation initiatives, portfolio enhancements and strong consumer demand for its leading franchises, the company appears well-positioned to maintain momentum as the fragrance market returns to more normalized growth levels.

IPAR’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #2 (Buy) company have gained 3% in the past three months against the broader Consumer Discretionary sector and the industry's decline of 4.5% and 6.4%, respectively. Interparfums has also outperformed the S&P 500 index’s 9.5% growth during the same period.

IPAR Stock's Past 3 Months’ Performance
Image Source: Zacks Investment Research

Is IPAR a Value Play Stock?Interparfums currently trades at a forward 12-month P/E ratio of 18.93 compared with the industry average of 13.73 and the sector average of 16.65. This valuation places the stock at a noticeable premium relative to comparable peers and the sector overall.

IPAR P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research

Other Stocks Worth ConsideringVince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. At present, the company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for VNCE’s current fiscal-year sales and earnings implies growth of 4.5% and 25%, respectively, from the year-ago figures. VNCE has delivered a trailing four-quarter earnings surprise of 647.2%, on average.

Ralph Lauren (RL - Free Report) designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. It currently carries a Zacks Rank of 2. RL delivered a trailing four-quarter earnings surprise of 9.1%, on average.

The Zacks Consensus Estimate for RL’s current fiscal-year sales and EPS indicates growth of 6.3% and 10.3%, respectively, from the year-ago number.

Superior Group of Companies, Inc. (SGC - Free Report) produces, manufactures and sells promotional products and branded uniforms, and healthcare apparel and accessories in the United States and internationally. At present, SGC carries a Zacks Rank of 2. SGC delivered a trailing four-quarter earnings surprise of 81.9%, on average.

The Zacks Consensus Estimate for Superior Group of Companies’ current fiscal-year sales and earnings implies growth of 2% and 28.3%, respectively, from the year-ago figures.

SPX Technologies, Inc. (SPXC) Q1 2026 Earnings Call Transcript

Investors need to pay close attention to SPXC stock based on the movements in the options market lately.

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.

Our proprietary system currently recommends SPX Technologies (SPXC - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).

While there are numerous reasons why the stock of this infrastructure equipment supplier is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for SPX Technologies is 28.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.9% this year, crushing the industry average, which calls for EPS growth of 6.4%.

Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.

Right now, year-over-year cash flow growth for SPX Technologies is 34.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of -0.2%.

While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 24.2% over the past 3-5 years versus the industry average of 14.3%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

There have been upward revisions in current-year earnings estimates for SPX Technologies. The Zacks Consensus Estimate for the current year has surged 2.3% over the past month.

Bottom LineSPX Technologies has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination indicates that SPX Technologies is a potential outperformer and a solid choice for growth investors.

SPX Technologies, Inc. (SPXC) Presents at Bank of America 33rd Annual Industrials, Transportation and Airlines Key Leaders Conference Transcript

SPX Technologies (SPXC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

On May 20, 2026, SPX Technologies Inc (SPXC) shares rose 5.0% today, reaching a current price of $205.55. The stock has experienced a 52-week range between $147

On June 02, 2026, SPX Technologies Inc (SPXC) shares rose 4.2%, bringing the current price to $230.08. The stock has seen a 52-week range of $150.81 to $246.68,

SPX Technologies (SPXC - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for SPX Technologies is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For SPX Technologies, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for SPX TechnologiesThis infrastructure equipment supplier is expected to earn $7.98 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for SPX Technologies. Over the past three months, the Zacks Consensus Estimate for the company has increased 3%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of SPX Technologies to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Does SPX Technologies (SPXC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Company Announces Completion of Corporate Name Change and Provides Updated SKY Holdings and Staking Metrics Company Announces Completion of Corporate Name Change and Provides Updated SKY Holdings and Staking Metrics

TROY, Mich.--(BUSINESS WIRE)--Champion Homes, Inc. (NYSE: SKY) (“Champion Homes”) is proud to announce its milestone achievement of helping to plant nearly two million trees with the Arbor Day Foundation, exemplifying the offsite homebuilder’s commitment to sustainability.

Since 2021, Champion Homes and the Arbor Day Foundation have worked together on 51 tree planting projects across the U.S. and Canada. These large-scale reforestation efforts are focused on areas where the company’s homes are built and delivered.

As part of the celebration, Champion Homes hosted a tree-planting day of impact this Arbor Day (April 24) in Metro Detroit, where the company’s headquarters is located. Champion employees assisted with digging holes, planting trees and supporting other hands-on activities throughout the project.

“Through the planting of nearly two million trees in collaboration with the Arbor Day Foundation, Champion Homes is proud to help clean the air we breathe, protect water quality and deliver lasting benefits to communities and future generations,” said Champion Homes President and CEO Tim Larson. "We are grateful for everyone that’s made this possible, including those taking the time to join today’s tree-planting day of impact in service of our local community.”

Through Champion Homes’s work with the Arbor Day Foundation, the company is helping restore Detroit’s urban forest and strengthen the health and resilience of the community. Detroit has lost hundreds of thousands of trees over the past several decades, according to the Greening of Detroit, one of the Arbor Day Foundation’s local planting partners.

Forest products are the largest raw material used in the construction of a home, and Champion Homes has taken proactive steps to balance its use through planting one tree for every one used in the building process.

Champion Homes is proud of the meaningful impact it’s had in collaboration with the Arbor Day Foundation:

Nearly two million trees planted in five years 975,000 metric tons of carbon dioxide sequestered, equal to 210,000 fewer cars on the road for one year 106 million gallons of runoff water avoided, enough water for 1.2 million people for one day 3,800 tons of air pollutants removed, enough oxygen for almost 7.7 million people for one day About the Arbor Day Foundation

The Arbor Day Foundation is a global nonprofit inspiring people to plant, nurture, and celebrate trees. They foster a growing community of more than 1 million leaders, innovators, planters, and supporters united by their bold belief that a more hopeful future can be shaped through the power of trees. For more than 50 years, they’ve answered critical need with action, planting more than half a billion trees alongside their partners. And this is only the beginning.

The Arbor Day Foundation is a 501(c)(3) nonprofit pursuing a future where all life flourishes through the power of trees. Learn more at arborday.org.

About Champion Homes, Inc.

Champion Homes, Inc. (NYSE: SKY) is a leading producer of factory-built housing in North America and employs more than 9,000 people. With more than 70 years of homebuilding experience and 46 manufacturing facilities throughout the United States and western Canada, Champion Homes is well positioned with an innovative portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, and hospitality sectors.

In addition to its core home building business, Champion Homes provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 83 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States.

Manufactured and Modular Homes
www.championhomes.com
www.skylinehomes.com
www.genesishomes.com

Park Model RVs
www.championparkmodelscabins.com

Star Fleet Trucking
www.starfleettrucking.com

More News From Champion Homes, Inc.

On May 20, 2026, Champion Homes Inc SKY shares rose 6.9% to $69.75, reflecting a modest recovery after declining significantly over the past year. The stock has experienced a 52-week range between $59.44 and $99.17, indicating notable volatility.

GF Value™ verdict: Current price is $69.75, which is 23.9% below the GF Value™ estimate of $91.70, indicating it is undervalued.GF Score™ of 88/100 suggests a strong overall performance relative to peers, indicating potential for long-term returns.Notable signal: Financial Strength rank of 9/10 suggests that the company is in a solid position financially. Is SKY Overvalued or Undervalued? With the current price of Champion Homes Inc SKY at $69.75, it is trading significantly below the GF Value™ estimate of $91.70, reflecting a 23.9% margin of safety for potential investors. The GF Valuation label indicates that the stock is considered "Modestly Undervalued," presenting an opportunity for investors who may believe in the company's long-term growth prospects. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

While being undervalued provides a favorable scenario for potential upside, it also comes with caveats. The stock has faced considerable downward pressure recently, evidenced by a year-to-date decline of 17.5% and a one-year drop of 22.2%. This suggests that investors should remain cautious and consider the broader market conditions affecting the homebuilding and construction industry.

How Does SKY's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 18.6x 20.2x Forward P/E 18.4x - The current P/E (TTM) ratio of 18.6x is below its 5-year median P/E of 20.2x, indicating that the stock is trading at a lower valuation compared to its historical averages. This analysis aligns with the GF Value™ verdict of being undervalued, reinforcing the notion that the current price may represent an attractive entry point based on historical performance.

What Does SKY's GF Score™ Tell Us? Metric Rating GF Score™ 88 Financial Strength 9/10 Profitability 8/10 Growth 8/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 88/100 indicates that Champion Homes Inc has strong fundamentals across multiple dimensions. The highest rating is in Financial Strength with a score of 9/10, indicating that the company is well-capitalized and financially stable. Profitability, Growth, and Valuation all score 8/10, suggesting a strong operational performance and growth potential. However, the Momentum rank of 5/10 shows that the stock's recent performance has been lackluster, which could be a concern for potential investors looking for momentum-driven stocks.

What Are Insiders Doing with SKY Stock? In the last three months, insiders at Champion Homes Inc have sold approximately $0.2 million worth of shares, with no reported buying activity. This selling trend raises a caution flag, suggesting that insiders may have a less optimistic outlook on the company's short-term prospects. While insider selling can sometimes indicate a lack of confidence in future performance, it is essential to consider other factors such as overall market conditions and individual circumstances surrounding the insiders.

What This Means for Investors Based on the analysis of GF Value™, Champion Homes Inc is currently undervalued with a significant margin of safety. However, potential investors should be aware of recent volatility and the mixed signals from insider activity and momentum rankings.

For the complete analysis, visit the Champion Homes Inc SKY stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is SKY's GF Score™?

SKY's GF Score™ is 88/100, indicating strong performance across various metrics and suggesting a higher potential for long-term returns based on historical backtests.

Is SKY overvalued or undervalued?

SKY is currently considered undervalued, trading at 23.9% below its GF Value™ estimate of $91.70.

What is SKY's P/E ratio?

SKY's P/E (TTM) ratio is 18.6x, which is below its 5-year median P/E of 20.2x, indicating a lower valuation relative to its historical performance.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Champion Homes, Inc. (NYSE:SKY) will release earnings for its fourth quarter before the opening bell on Tuesday, May 26.

TROY, Mich.--(BUSINESS WIRE)--Champion Homes, Inc. (NYSE: SKY) (“Champion Homes” or the “Company”) today announced financial results for its fourth quarter and full year ended March 28, 2026 (“fiscal 2026”). Fourth Quarter and Full Year Fiscal 2026 Highlights (compared to Fourth Quarter and Full Year Fiscal 2025, respectively, unless otherwise noted) 4QF26 net sales increased 4.6% to $621.3 million and FY26 net sales increased 7.3% to $2.7 billion 4QF26 net income decreased 18.4% to $29.7 milli.

Champion Homes, Inc. (SKY) Q4 2026 Earnings Call Transcript

Revenue of $621.3 million exceeded the $607.3 million consensus estimate, while net sales increased 4.6% year over year.

• Champion Homes stock is trading at depressed levels. What’s next for SKY stock?

Earnings and MarginsNet income attributable to Champion Homes declined 18.4% to $29.7 million, driven by acquisition-contingent consideration adjustments and product liability true-ups.

Adjusted net income increased 0.8% to $37.7 million. Adjusted EBITDA rose 6.3% to $55.9 million, while adjusted EBITDA margin improved to 9.0% from 8.9%.

The adjusted gross margin remained flat at 25.7%, supported by higher selling prices and a favorable product mix, partially offset by softer demand in the community/REIT channel.

Demand Trends and OrdersU.S. home sales volume declined 0.6% to 5,908 homes, while average selling price per U.S. home increased 4.6% to $98,600. Canadian factory-built home sales rose to 243 from 230 homes.

Backlog declined 8% year over year but increased 18.8% sequentially to $316 million.

During the earnings call, management said fourth-quarter manufacturing orders increased 7% year over year and noted that dealer inventory normalization is improving, with independent retailers returning to more typical ordering patterns.

Champion also said it outperformed the broader HUD market, which declined about 9% during the quarter.

Homes Direct Deal and OutlookChampion Homes agreed to acquire the assets of Homes Direct, including 11 retail locations across Arizona, California, Colorado, New Mexico and Oregon, expanding its retail footprint in the western U.S.

Terms were not disclosed.

Homes Direct generates about $70 million in annualized revenue and is the largest independent manufactured and modular home dealer in the western U.S.

Executives said the deal creates an opportunity to replace competing brands currently sold at Homes Direct stores with Champion-built homes, improving utilization at the company's western manufacturing facilities.

Management warned inflationary pressures accelerated through the fourth quarter and into the first quarter of fiscal 2027, particularly across lumber, OSB, steel and petroleum-linked products.

The company said affordability pressures are driving consumers toward lower-priced homes and fewer upgrades, while margin recovery efforts continue to lag rising input costs.

Champion expects fiscal first-quarter 2027 revenue to be approximately flat year over year and forecasts adjusted gross margin of 24.5% to 25.5%.

Cash Flow and CommentaryChampion generated $303.9 million in operating cash flow during fiscal 2026 and ended the year with $638.3 million in cash and equivalents. Long-term debt declined to $14.4 million from $24.8 million.

The company repurchased $200 million of stock during fiscal 2026 and refreshed its share repurchase authorization with an additional $150 million in May 2026.

Management also expressed optimism about the "21st Century Road to Housing Act" and state-level zoning reforms, which executives said could expand long-term demand for off-site housing. Larson added, "That relative value proposition only becomes more powerful in a higher cost, higher uncertainty environment."

SKY Price Action: Champion Homes shares were trading 0.90% higher at $71.58 at the time of publication on Tuesday.

Photo: Shutterstock

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On May 27, 2026, Champion Homes Inc (SKY) shares rose 3.2% today to $74.12, amid a 52-week trading range of $59.44 to $99.17. This price increase comes as the s

TROY, Mich.--(BUSINESS WIRE)--Champion Homes, Inc. (NYSE: SKY) (“Champion Homes”) today announced several leadership appointments in connection with the retirement of Joseph Kimmell, Executive Vice President, Operations, effective June 26, 2026. Mr. Kimmell will remain available on a consulting basis through the end of August to help ensure a smooth transition. The following appointments reflect the Company’s planned approach to succession and leadership alignment as Champion continues to evolve its operating model across 9,300 team members and 129 retail and manufacturing locations:

Wade Lyall has been appointed Chief Sales Officer John Kastanek has been appointed Chief Customer Experience Officer Andrew Houser has been appointed Senior Vice President, Manufacturing “We are excited to announce these leadership appointments, which reflect the depth of talent across Champion and are the result of a thorough succession planning process,” said Tim Larson, President and CEO of Champion Homes. “Wade, John and Andrew bring valuable experience and a deep understanding of our business. By aligning leadership across customer experience, sales and manufacturing, we are strengthening our ability to serve customers, support our partners and execute across the business. With this team in place, we believe Champion is well positioned for its next phase of growth.”

Mr. Larson concluded, “We are grateful for Joe’s many contributions to Champion over nearly three decades. He has played an important leadership role across the Company and our manufacturing organization, including developing a strong team, and we appreciate his long-standing commitment to Champion and support in helping ensure a smooth transition.”

About Wade Lyall

With more than 25 years of industry leadership, Mr. Lyall has a deep understanding of the Company’s operations, having originally joined Champion as a Sales Manager. He previously served as General Manager at two plants in Georgia from 2002 to 2005, Regional Vice President of Sales and Marketing from 2005 to 2012, Regional Vice President of the South Region beginning in 2012 and Vice President of Sales and Business Development beginning in 2015. Mr. Lyall received a B.S. in Business Administration from East Carolina University.

About John Kastanek

Mr. Kastanek has more than 25 years of leadership experience spanning product management, engineering and customer operations across manufacturing, consumer products and connected technology. In his current role as Vice President of Marketing and Customer Operations at Champion Homes, he leads enterprise marketing, digital engagement, customer operations, go‑to‑market strategy and sales enablement. His responsibilities include customer insights and feedback systems that inform product, engineering, manufacturing and operational decisions across the organization. Prior to joining Champion, Mr. Kastanek spent 17 years at Polaris Industries in senior roles across service engineering, product management, global service operations and connected strategy. Mr. Kastanek received a B. S. in Engineering from the University of Minnesota and an MBA from UMN Carlson School of Management.

About Andrew Houser

Mr. Houser has spent more than 25 years of leadership experience across manufacturing and retail operations. In his current role as President of Retail Operations for Champion Homes, he oversees retail operations and the manufacturing facilities that make up Regional Builders Group. Mr. Houser joined Champion as part of the Company’s Regional Homes acquisition, which closed in October 2023, and has brought valuable insights to the broader Champion organization, including through key initiatives in the Texas region. Mr. Houser received his M.A. in Organizational Management from Dallas Baptist University.

About Champion Homes, Inc.

Champion Homes, Inc. (NYSE: SKY) is a leading producer of factory-built housing in North America and employs more than 9,300 people. With more than 70 years of homebuilding experience and 46 manufacturing facilities throughout the United States and western Canada, Champion Homes is well positioned with an innovative portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, and hospitality sectors.

In addition to its core home building business, Champion Homes provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 84 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States.

Manufactured and Modular Homes
www.championhomes.com
www.skylinehomes.com
www.genesishomes.com

Park Model RVs
www.championparkmodelscabins.com

Star Fleet Trucking
www.starfleettrucking.com

More News From Champion Homes, Inc.

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

The market expects Flowserve (FLS - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis company that makes pumps, valves and other parts for the oil and gas industries is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +13.9%.

Revenues are expected to be $1.19 billion, up 3.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.26% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Flowserve?For Flowserve, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Flowserve will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Flowserve would post earnings of $0.94 per share when it actually produced earnings of $1.11, delivering a surprise of +18.09%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Flowserve doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAmong the stocks in the Zacks Manufacturing - General Industrial industry, Watsco (WSO - Free Report) , is soon expected to post earnings of $1.73 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -10.4%. This quarter's revenue is expected to be $1.5 billion, down 1.8% from the year-ago quarter.

The consensus EPS estimate for Watsco has been revised 1% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.62%.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Watsco will beat the consensus EPS estimate. The company could not beat consensus EPS estimates in any of the last four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

-

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”) announced today its participation in the following upcoming investor conferences:

On Tuesday, May 5, Flowserve’s Investor Relations team will participate in investor meetings at the Oppenheimer Industrial Growth Conference. On Tuesday, May 12, Amy Schwetz, Senior Vice President and Chief Financial Officer, will participate in investor meetings as well as a fireside chat at the BofA Securities Industrials, Transportation & Airlines Key Leaders Conference that will begin at 11:05 am ET. Shareholders and other interested parties can access the live webcast on Flowserve’s Investors page. A replay of the webcast will be available after the event. About Flowserve

Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the Company’s website at www.flowserve.com.

More News From Flowserve Corporation

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-

Flowserve Business System Delivers Strong Execution; Reaffirms Full-Year EPS Guidance

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the first quarter ended March 31, 2026.

Highlights:

First quarter bookings of $1.15 billion, including: Over $110 million of nuclear bookings $680 million of aftermarket bookings First quarter operating margin of 11.2% decreased 30 basis points and adjusted1 operating margin2 of 15.1% expanded 230 basis points compared to the prior year period First quarter reported EPS of $0.64 and adjusted EPS3 of $0.85 Reported and adjusted EPS include a $0.19 benefit from recoverable IEEPA tariffs, offset by a ($0.06) impact from a taxing authority matter in Latin America and a ($0.06) headwind related to ongoing conflict in the Middle East Reaffirmed full-year 2026 adjusted EPS guidance3 of $4.00 to $4.20 Supported Middle East customers with their critical infrastructure needs while prioritizing employee safety Management Commentary:

“Our consistent execution of the Flowserve Business System resulted in strong margin and earnings expansion in the first quarter,” said Scott Rowe, Flowserve’s President and Chief Executive Officer. “I am proud of our global team’s continued demonstration of discipline and resilience in a highly dynamic environment. As we navigate the effects of the Middle East conflict, our priority remains employee safety while supporting our customers to ensure mission-critical flow control assets continue to operate. “

Rowe continued, “Looking ahead to the balance of 2026, I am confident that our focus on operational excellence and consistent execution will enable us to successfully manage through the evolving environment and capitalize on near-term opportunities. The underlying fundamentals of our business and end markets are robust, and we continue to maintain a favorable outlook supported by global megatrends and confidence in our proven growth strategy. Together, these factors position us well to drive value creation for our shareholders while progressing toward our 2030 sales, earnings, and operating margin expansion targets.”

Key Figures (unaudited):

(dollars in millions, except per share)

Q1 2026

Q1 2025

Change

Original Equipment Bookings

$467.9

$537.8

(13.0%)

Aftermarket Bookings

$680.3

$688.6

(1.2%)

Total Bookings

$1,148.2

$1,226.4

(6.4%)

Organic Sales4

(10.5%)

Acquisition/Divestiture Impact

20 bps

Foreign Exchange Impact

360 bps

Reported Sales

$1,068.3

$1,144.5

(6.7%)

Operating Margin

11.2%

11.5%

(30 bps)

Adjusted Operating Margin

15.1%

12.8%

230 bps

Earnings Per Share (EPS)

$0.64

$0.56

14.3%

Adjusted Earnings Per Share (EPS)

$0.85

$0.72

18.1%

Cash From Operations

($43.1)

($49.9)

$6.8

Backlog

$2,945.9

$2,902.9

1.5%

2026 Guidance3:

The Company updated 2026 guidance:

Prior

Current

Organic Sales Growth

+1% to +3%

(1%) to +2%

Impact From Acquisition/Divestiture

Approx. +300 bps

Approx. +300 bps

Impact From Foreign Exchange Translation

Approx. +100 bps

Approx. +100 bps

Total Sales Growth

+5% to +7%

+3% to +6%

Adjusted EPS

$4.00 to $4.20

$4.00 to $4.20

Net Interest Expense

Approx. $80 million

Approx. $85 million

Adjusted Tax Rate

21% to 22%

21% to 22%

Capital Expenditures

$90 million to $100 million

$90 million to $100 million

Full-year 2026 guidance assumes the acquisition of Trillium Flow Technologies’ Valves Division closes mid-year 2026 and, including incremental interest expense related to financing the acquisition, the acquisition will be roughly neutral to 2026 adjusted EPS. The guidance also assumes tariff rates in place as of April 2026.

Webcast and Conference Call Instructions:

Flowserve will host its conference call to discuss first quarter results on Thursday, April 30, 2026, at 10:00 a.m. Eastern Time. The call can be accessed by shareholders and other interested parties on Flowserve’s Investors page.

Footnotes

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Three Months Ended March 31,

(Amounts in thousands, except per share data)

2026

2025

Sales

$

1,068,269

$

1,144,543

Cost of sales

(688,428

)

(775,209

)

Gross profit

379,841

369,334

Selling, general and administrative expense

(263,400

)

(243,177

)

Net earnings from affiliates

2,991

5,732

Operating income

119,432

131,889

Interest expense

(20,431

)

(19,175

)

Interest income

1,500

1,745

Other income (expense), net

6,999

(17,259

)

Earnings before income taxes

107,500

97,200

Provision for income taxes

(21,131

)

(17,743

)

Net earnings, including noncontrolling interests

86,369

79,457

Less: Net earnings attributable to noncontrolling interests

(4,688

)

(5,552

)

Net earnings attributable to Flowserve Corporation

$

81,681

$

73,905

Net earnings per share attributable to Flowserve Corporation common shareholders:

Basic

$

0.64

$

0.56

Diluted

0.64

0.56

Weighted average shares – basic

127,493

131,566

Weighted average shares – diluted

128,620

132,670

Consolidated Reconciliation of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measure (Unaudited)

(Amounts in thousands, except per share data)

  Three Months Ended March 31, 2026

Gross Profit

Selling, General & Administrative Expense

Operating Income

Other Income (Expense), Net

Provision For (Benefit From) Income Taxes

Net Earnings (Loss)

Effective Tax Rate

Diluted EPS

Reported

$

379,841

$

263,400

$

119,432

$

6,999

$

21,131

$

81,681

19.7

%

0.64

Reported as a percent of sales

35.6

%

24.7

%

11.2

%

0.7

%

2.0

%

7.6

%

Realignment charges (a)

16,502

(12,465

)

28,967

-

4,443

24,524

15.3

%

0.19

Acquisition and divestiture related (b)(c)

-

(8,588

)

8,588

-

2,150

6,438

25.0

%

0.05

Purchase accounting step-up and intangible asset amortization (d)

1,013

(2,245

)

3,258

-

523

2,735

16.1

%

0.02

Discrete items (e)(f)(g)

31

(674

)

705

1,500

519

1,686

23.5

%

0.01

Below-the-line foreign exchange impacts (h)

-

-

-

(9,038

)

(1,601

)

(7,437

)

17.7

%

(0.06

)

Adjusted

$

397,387

$

239,428

$

160,950

$

(539

)

$

27,165

$

109,627

19.2

%

0.85

Adjusted as a percent of sales

37.2

%

22.4

%

15.1

%

-0.1

%

2.5

%

10.3

%

  Note: Amounts may not calculate due to rounding

(a) Charges represent realignment costs incurred as a result of realignment programs, net of a $5,300 gain associated with a sale-leaseback transaction related to a FCD facility closure.

(b) Charge represents $7,791 of acquisition and integration related costs associated with the Greenray and Trillium Valves acquisitions.

(c) Charge represents $797 of costs associated with other strategic acquisition and divestiture activities.

(d) Charge represents amortization of acquisition related intangible assets associated with the MOGAS and Greenray acquisitions.

(e) Charge represents $277 of non-cash share-based compensation expense associated with a one-time discretionary restricted stock grant, subject to three-year cliff vesting, provided to certain employees in conjunction with the freeze of our US Qualified pension plan.

(f) Charge includes $1,500 for a non-cash pension settlement accounting loss incurred in conjunction with the freeze of our US Qualified pension plan.

(g) Charge represents $428 of transaction costs related to the divestiture of our asbestos-related assets and liabilities.

(h) Below-the-line foreign exchange impacts represent the remeasurement of foreign exchange derivative contracts as well as the remeasurement of assets and liabilities that are denominated in a currency other than a site’s respective functional currency.

    Three Months Ended March 31, 2025

Gross Profit

Selling, General & Administrative Expense

Operating Income

Other Income (Expense), Net

Provision For (Benefit From) Income Taxes

Net Earnings (Loss)

Effective Tax Rate

Diluted EPS

Reported

$

369,334

$

243,177

$

131,889

$

(17,259

)

$

17,743

$

73,905

18.3

%

0.56

Reported as a percent of sales

32.3

%

21.2

%

11.5

%

-1.5

%

1.6

%

6.5

%

Realignment charges (a)

10,015

1,304

8,711

-

1,871

6,840

21.5

%

0.05

Acquisition related (b)

-

(1,281

)

1,281

-

301

980

23.5

%

0.01

Purchase accounting step-up and intangible asset amortization (c)

3,475

(1,300

)

4,775

-

1,361

3,414

28.5

%

0.03

Discrete items (d)(e)

33

(383

)

416

1,500

451

1,465

23.5

%

0.01

Below-the-line foreign exchange impacts (f)

-

-

-

11,373

2,445

8,928

21.5

%

0.07

Adjusted

$

382,857

$

241,517

$

147,072

$

(4,386

)

$

24,172

$

95,532

19.3

%

0.72

Adjusted as a percent of sales

33.5

%

21.1

%

12.8

%

-0.4

%

2.1

%

8.3

%

  Note: Amounts may not calculate due to rounding

(a) Charges represent realignment costs incurred as a result of realignment programs of which $1,500 is non-cash.

(b) Charge represents acquisition and integration related costs associated with the MOGAS acquisition.

(c) Charge represents amortization of step-up in value of acquired inventories and acquisition related intangible assets associated with the MOGAS acquisition.

(d) Charge represents $416 of non-cash share-based compensation expense associated with a one-time discretionary restricted stock grant, subject to three-year cliff vesting, provided to certain employees in conjunction with the freeze of our US Qualified pension plan.

(e) Charge includes $1,500 for a non-cash pension settlement accounting loss incurred in conjunction with the freeze of our US Qualified pension plan.

(f) Below-the-line foreign exchange impacts represent the remeasurement of foreign exchange derivative contracts as well as the remeasurement of assets and liabilities that are denominated in a currency other than a site’s respective functional currency.

SEGMENT INFORMATION

(Unaudited)

FLOWSERVE PUMPS DIVISION

Three Months Ended March 31,

(Amounts in millions, except percentages)

2026

2025

Bookings

$

773.9

$

852.9

Sales

744.5

783.1

Gross profit

269.9

268.5

Gross profit margin

36.3

%

34.3

%

SG&A

147.2

137.7

Segment operating income

125.8

136.5

Segment operating income as a percentage of sales

16.9

%

17.4

%

FLOW CONTROL DIVISION

Three Months Ended March 31,

(Amounts in millions, except percentages)

2026

2025

Bookings

$

374.2

$

376.0

Sales

327.6

364.1

Gross profit

108.9

100.2

Gross profit margin

33.3

%

27.5

%

SG&A

67.2

68.7

Segment operating income

41.7

31.5

Segment operating income as a percentage of sales

12.7

%

8.6

%

Segment Reconciliation of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measure (Unaudited)

(Amounts in thousands)

Flowserve Pumps Division

Three Months Ended March 31, 2026

Gross Profit

Selling, General & Administrative Expense

Operating Income

Three Months Ended March 31, 2025

Gross Profit

Selling, General & Administrative Expense

Operating Income

Reported

$

269,927

$

147,168

$

125,751

Reported

$

268,462

$

137,680

$

136,515

Reported as a percent of sales

36.3

%

19.8

%

16.9

%

Reported as a percent of sales

34.3

%

17.6

%

17.4

%

Realignment charges (a)

10,088

(4,141

)

14,229

Realignment charges (a)

2,979

998

1,981

Discrete items (b)

24

(48

)

72

Discrete items (b)

28

(125

)

153

Acquisition related (c)

-

(39

)

39

Adjusted

$

271,469

$

138,553

$

138,649

Purchase accounting step-up and intangible asset amortization (d)

1,013

(945

)

1,958

Adjusted as a percent of sales

34.7

%

17.7

%

17.7

%

Adjusted

$

281,052

$

141,995

$

142,049

Adjusted as a percent of sales

37.7

%

19.1

%

19.1

%

Flow Control Division

Three Months Ended March 31, 2026

Gross Profit

Selling, General & Administrative Expense

Operating Income

Three Months Ended March 31, 2025

Gross Profit

Selling, General & Administrative Expense

Operating Income

Reported

$

108,947

$

67,231

$

41,716

Reported

$

100,187

$

68,705

$

31,482

Reported as a percent of sales

33.3

%

20.5

%

12.7

%

Reported as a percent of sales

27.5

%

18.9

%

8.6

%

Realignment charges (a)

6,414

5,021

1,393

Realignment charges (a)

7,102

121

6,981

Discrete items (b)

5

(55

)

60

Acquisition related (c)

-

(1,281

)

1,281

Acquisition related (c)

-

(7,738

)

7,738

Purchase accounting step-up and intangible asset amortization (d)

3,475

(1,300

)

4,775

Purchase accounting step-up and intangible asset amortization (d)

-

(1,300

)

1,300

Discrete items (b)

4

(64

)

68

Adjusted

$

115,366

$

63,159

$

52,207

Adjusted

$

110,768

$

66,181

$

44,587

Adjusted as a percent of sales

35.2

%

19.3

%

15.9

%

Adjusted as a percent of sales

30.4

%

18.2

%

12.2

%

Note: Amounts may not calculate due to rounding

Note: Amounts may not calculate due to rounding

(a) Charges represent realignment costs incurred as a result of realignment programs, net of a $5,300 gain associated with a sale-leaseback transaction related to a FCD facility closure.

(a) Charges represent realignment costs incurred as a result of realignment programs of which $1,500 is non-cash.

(b) Charge represents non-cash share-based compensation expense associated with a one-time discretionary restricted stock grant, subject to three-year cliff vesting, provided to certain employees in conjunction with the freeze of our US Qualified pension plan.

(b) Charge represents share-based compensation expense associated with a one-time discretionary restricted stock grant, subject to three-year cliff vesting, provided to certain employees in conjunction with the freeze of our US Qualified pension plan.

(c) Charge represents acquisition and integration related costs associated with the Greenray and Trillium Valves acquisitions within FPD and FCD, respectively.

(c) Charge represents acquisition and integration-related costs associated with the MOGAS acquisition.

(d) Charge represents amortization of acquisition related intangible assets associated with the Greenray and MOGAS acquisitions within FPD and FCD, respectively.

(d) Charge represents amortization of step-up in value of acquired inventories and acquisition related intangible assets associated with the MOGAS acquisition.

  Segment Results

(Unaudited)

  Flowserve Pumps Division

  (dollars in millions)

Q1 2026

Q1 2025

Change

Organic Bookings

(13.6%)

Acquisition / Divestiture Impact

0.3%

FX Impact (a)

4.0%

Total Bookings (b)

$774

$853

(9.3%)

Organic Sales

(9.5%)

Acquisition / Divestiture Impact

0.3%

FX Impact (a)

4.3%

Reported Sales (b)

$745

$783

(4.9%)

Gross Margin

36.3%

34.3%

200 bps

Adjusted Gross Margin (c)

37.7%

34.7%

300 bps

Operating Margin

16.9%

17.4%

(50 bps)

Adjusted Operating Margin (d)

19.1%

17.7%

140 bps

Backlog (b)

$2,076

$2,019

2.8%

Flowserve Control Division

(dollars in millions)

Q1 2026

Q1 2025

Change

Organic Bookings

(2.9%)

Acquisition / Divestiture Impact

0.0%

FX Impact (a)

2.4%

Total Bookings (b)

$374

$376

(0.5%)

Organic Sales

(12.1%)

Acquisition / Divestiture Impact

0.0%

FX Impact (a)

2.1%

Reported Sales (b)

$328

$364

(10.0%)

Gross Margin

33.3%

27.5%

580 bps

Adjusted Gross Margin (c)

35.2%

30.4%

480 bps

Operating Margin

12.7%

8.6%

410 bps

Adjusted Operating Margin (d)

15.9%

12.2%

370 bps

Backlog (b)

$876

$889

(1.5%)

  (a) Foreign exchange (FX) impact reflects a year-over-year change in foreign currency translation.

(b) Bookings, sales, and backlog do not include interdivision eliminations.

(c) Adjusted gross margin is a non‑GAAP financial measure. Adjusted gross margin is calculated by dividing adjusted gross profit by sales. Adjusted gross profit is derived by excluding realignment charges and other specific discrete items. See the Segment Reconciliation of Non‑GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measure (unaudited).

(d) Adjusted operating margin excludes realignment charges and other specific discrete items.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 31,

December 31,

(Amounts in thousands, except par value)

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

792,354

$

760,183

Accounts receivable, net of allowance for expected credit losses of $84,394 and $83,094, respectively

958,985

1,029,095

Contract assets, net of allowance for expected credit losses of $6,331 and $6,028, respectively

357,487

322,472

Inventories

809,583

789,898

Prepaid expenses and other

136,204

141,237

Total current assets

3,054,613

3,042,885

Property, plant and equipment, net of accumulated depreciation of $1,219,307 and $1,224,912, respectively

559,223

566,751

Operating lease right-of-use assets, net

165,222

166,031

Goodwill

1,381,437

1,391,988

Deferred taxes

156,422

156,250

Other intangible assets, net

194,442

198,475

Other assets, net of allowance of expected credit losses of $66,091 and $66,047, respectively

221,801

185,820

Total assets

$

5,733,160

$

5,708,200

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

520,392

$

554,243

Accrued liabilities

499,611

587,475

Contract liabilities

269,165

274,669

Debt due within one year

52,972

49,868

Operating lease liabilities

35,466

35,630

Total current liabilities

1,377,606

1,501,885

Long-term debt due after one year

1,662,000

1,525,210

Operating lease liabilities

139,887

149,565

Retirement obligations and other liabilities

273,415

277,216

Shareholders’ equity:

Preferred shares, $1.00 par value

-

-

Shares authorized – 1,000, no shares issued

Common shares, $1.25 par value

220,991

220,991

Shares authorized – 305,000

Shares issued – 176,793 and 176,793, respectively

Capital in excess of par value

486,518

508,890

Retained earnings

4,315,243

4,261,977

Treasury shares, at cost – 49,215 and 49,763 shares, respectively

(2,218,764

)

(2,231,685

)

Deferred compensation obligation

6,676

6,629

Accumulated other comprehensive loss

(598,359

)

(575,405

)

Total Flowserve Corporation shareholders' equity

2,212,305

2,191,397

Noncontrolling interests

67,947

62,927

Total equity

2,280,252

2,254,324

Total liabilities and equity

$

5,733,160

$

5,708,200

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Three Months Ended March 31,

(Amounts in thousands)

2026

2025

Cash flows – Operating activities:

Net earnings, including noncontrolling interests

$

86,369

$

79,457

Adjustments to reconcile net earnings to net cash (used) provided by operating activities:

Depreciation

20,329

18,831

Amortization of intangible and other assets

3,731

5,571

Stock-based compensation

10,716

8,656

Foreign currency, asset write downs and other non-cash adjustments

(14,525

)

(7,350

)

Change in assets and liabilities:

Accounts receivable, net

63,517

(50,679

)

Inventories

(24,604

)

8,804

Contract assets, net

(38,454

)

(9,447

)

Prepaid expenses and other assets, net

(8,940

)

6,669

Accounts payable

(32,385

)

(16,861

)

Contract liabilities

(3,722

)

(3,648

)

Accrued liabilities

(110,074

)

(89,467

)

Retirement obligations and other liabilities

5,027

(5,448

)

Net deferred taxes

(65

)

4,978

Net cash flows (used) by operating activities

(43,080

)

(49,934

)

Cash flows – Investing activities:

Capital expenditures

(16,899

)

(11,738

)

Proceeds from disposal of assets

9,719

462

Net cash flows (used) by investing activities

(7,180

)

(11,276

)

Cash flows – Financing activities:

Payments on term loan

(9,375

)

(9,375

)

Proceeds under revolving credit facility

150,000

-

Proceeds under other financing arrangements

391

150

Payments under other financing arrangements

(2,610

)

(101

)

Repurchases of common shares

-

(21,088

)

Payments related to tax withholding for stock-based compensation

(22,635

)

(11,063

)

Payments of dividends

(26,722

)

(27,617

)

Contingent consideration payment related to acquired business

-

(15,000

)

Other

(529

)

(138

)

Net cash flows (used) provided by financing activities

88,520

(84,232

)

Effect of exchange rate changes on cash and cash equivalents

(6,089

)

10,805

Net change in cash and cash equivalents

32,171

(134,637

)

Cash and cash equivalents at beginning of period

760,183

675,441

Cash and cash equivalents at end of period

$

792,354

$

540,804

About Flowserve:

Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the Company’s website at www.flowserve.com.

Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: economic, political and other risks associated with our international operations, including military actions, trade embargoes, blockades or other closures of major trade lanes, epidemics or pandemics and changes to tariffs or trade agreements that could affect customer markets, particularly North African, Latin American, Asian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; global supply chain disruptions and the current inflationary environment could adversely affect the efficiency of our manufacturing and increase the cost of providing our products to customers; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from any restructuring and realignment initiatives, our business could be adversely affected; the substantial dependence of our sales on the success of the energy, chemical, power generation and general industries; the adverse impact of volatile raw materials prices on our products and operating margins; the impact of public health emergencies, such as outbreaks of epidemics, pandemics, and contagious diseases, on our business and operations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; potential adverse effects resulting from the implementation of new tariffs and related retaliatory actions and changes to or uncertainties related to tariffs and trade agreements; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Argentina; potential adverse consequences resulting from litigation to which we are a party; expectations regarding acquisitions and the integration of acquired businesses; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; if we are not able to maintain our competitive position by successfully developing and introducing new products and integrate new technologies, including artificial intelligence and machine learning; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the United States, as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance. Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.

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