Flowserve Corporation: These Are The 7 Biggest Factors Impacting Its Performance In 2025 & Beyond!

Flowserve Corporation’s third-quarter 2024 financial results reveal a mix of strengths and ongoing challenges as the company continues to execute its strategic growth plans. The company demonstrated notable progress in several key areas, while also acknowledging factors that moderated its performance in the quarter. On the positive side, Flowserve achieved a book-to-bill ratio exceeding 1.06, with bookings hitting $1.2 billion—a clear indicator of demand across its business segments. This growth in bookings was driven by an upswing in power and aftermarket bookings, specifically highlighting a 30% year-over-year surge in power orders. Flowserve’s backlog also increased by $100 million sequentially, reaching $2.8 billion, laying a strong foundation for future performance.