Flowserve Corporation Q3 2025 Financial Results and Asbestos Liabilities Divestiture

Flowserve Corporation reported its financial results for the third quarter of 2025, highlighting strong performance with increased earnings guidance. The company announced a divestiture of its legacy asbestos liabilities, which is expected to close in the fourth quarter of 2025. This move aims to provide greater financial certainty and allow the company to focus on growth opportunities. The divestiture involves the sale of a subsidiary holding these liabilities to Ajax HoldCo LLC, with Flowserve contributing $199 million in cash. The company also reported third-quarter bookings of $1.2 billion, with a 6% growth in aftermarket bookings. Adjusted earnings per share (EPS) for the quarter were $0.90, and the company increased its full-year 2025 Adjusted EPS guidance to $3.40-$3.50.