FLOWSERVE CORP

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Brian Ezzell, Flowserve’s current Vice President, Financial Planning & Analysis (FP&A), Treasurer, and Investor Relations, has been appointed Senior Vice President, Chief Financial Officer, effective October 1, 2026. He succeeds Amy Schwetz who is departing Flowserve for a leadership position at another company. Ms. Schwetz will remain in her role through September 30, 2026 to support a smooth transition. “On behalf of Flowserve, I want to thank Amy for her leadership and many contributions to Flowserve over the past six years,” said Scott Rowe, Flowserve President and Chief Executive Officer. “Amy has played an important role in strengthening our financial foundation and has left a lasting, positive mark on this organization. We wish her every success in the next chapter of her career.” Mr. Ezzell has served as Flowserve’s Vice President, FP&A, Treasurer, and Investor Relations since October 2024. Prior to joining Flowserve, Mr. Ezzell spent four years as Vice President, Enterprise FP&A at Kimberly-Clark Corp., which included finance responsibility for the $14 billion global supply chain. Earlier in his career, Mr. Ezzell held various roles of increasing responsibility at Fossil Group, Inc., including an international assignment and culminating in his role as Vice President, Global FP&A, Americas Region CFO, and Investor Relations. Mr. Ezzell began his career with PricewaterhouseCoopers, is a Certified Public Accountant, and holds a Bachelor of Business Administration and Masters of Accountancy from Abilene Christian University. “Brian’s financial and operational experience, deep knowledge of our business and established relationships with our shareholders make him the right leader to serve as our next Chief Financial Officer,” Mr. Rowe continued. “He has played a leading role in our financial improvements, increased rigor, accountability and focus through the Flowserve Business System. I look forward to working closely with Brian to deliver our long-term financial goals, including our margin expansion efforts and creating meaningful value for our shareholders.” “I am honored to lead Flowserve’s finance team and build on the strong foundation we have established," said Mr. Ezzell. "Flowserve is a company with tremendous momentum, and I am excited to partner with Scott, our leadership team, and the Board to advance our growth and margin expansion priorities, deepen the discipline of the Flowserve Business System across the organization, and deliver sustainable, long-term growth for our shareholders." The Company expects no changes to its full-year guidance. 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

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share on the Company’s outstanding common stock. The dividend is payable on October 9, 2026, to shareholders of record as of the close of business on September 25, 2026. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends at this $0.22 per share rate or otherwise will be reviewed individually and declared by the Board of Directors at its discretion. 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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, 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 m

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its Board of Directors has elected Ajay Agrawal as a member of the Board of Directors, and appointed him to serve on the Organization and Compensation Committee and Technology, Innovation and Risk Committee, effective August 5, 2026. “We are incredibly excited to welcome Ajay to Flowserve’s Board,” said Scott Rowe, Flowserve President and Chief Executive Officer. “Ajay’s unique combination of portfolio leadership, aftermarket expertise and disciplined M&A experience across multiple industries will bring valuable perspective to Flowserve’s Board and management team as we strengthen our leading position serving the world’s critical industries and execute our long-term growth strategy.” Mr. Agrawal currently serves as the Chief Business Development Officer and Senior Vice President, Global Services at Carrier Global Corporation, a global climate and energy solutions company. His experience also includes serving as Carrier’s Chief Strategy Officer and Senior Vice President of its Global Services and Healthy Buildings business. Prior to his experience at Carrier, Mr. Agrawal was the President of Aftermarket Services at Collins Aerospace. “Ajay’s experience shaping portfolio strategy, executing complex M&A transactions and demonstrating leadership in the industrial manufacturing industry will further strengthen our Board,” said John Garrison, Chairman of the Flowserve Board of Directors. “His track record of driving profitable growth, advancing strategic transformation and building high-performing businesses will provide valuable insight as Flowserve continues to serve customers across critical infrastructure markets and creates long-term value for shareholders.” Mr. Agrawal holds a doctorate in engineering from the University of Missouri and an MBA from Carnegie Mellon University. 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 p

Flowserve Business System Delivers Strong Q2 Performance; Updates 2026 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 second quarter ended June 30, 2026.Highlights:Quarterly bookings of $1.35 billion, up 26% versus the prior year period, including record aftermarket bookings of $696 millionOperating margin of 13.0% expanded 70 basis points and adjusted 1 operating margin 2 of 15.3% expanded 70 basis points compared to the prior year periodReported EPS of $0.77 and adjusted EPS 3 of $0.95Updated full-year 2026 organic sales guidance to down approximately 1% reflecting the continued impact of Middle East conflictRaised the low end of adjusted EPS guidance 3 to $4.05 to $4.20Management Commentary:"Flowserve delivered strong second quarter results, with significant bookings growth, robust operating margin expansion, and adjusted earnings per share above our initial expectations," said Scott Rowe, Flowserve's President and Chief Executive Officer. "Importantly, this marks our 14th consecutive quarter of year-over-year adjusted gross margin expansion, a reflection of the structural, durable progress we're making. These results, delivered against a dynamic market backdrop, underscore the strength of the Flowserve Business System and the power of the 3D growth strategy coupled with the commitment of our teams around the world."Rowe continued, "Demand across our end markets remains resilient, led by power, nuclear, and energy security investments. While our healthy project pipeline positions us for continued bookings growth, we are adjusting our full-year sales guidance to reflect geopolitical uncertainty in the Middle East and its expected impact on our run-rate business in the region during the second half of the year. At the same time, our strong earnings performance year to date and continued confidence in our ability to expand margins enable us to raise the low end of our full-year adjusted EPS guidance range. We remain firmly on track to deliver on our 2030 financial targets and create value for shareholders."Key Figures (unaudited):(dollars in millions, except per share)Q2 2026Q2 2025ChangeYTD 2026<td class="bwvertalignb

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”) will release its second quarter 2026 earnings results after the market closes on Wednesday, July 29, 2026. Flowserve will host a conference call to discuss second quarter results the following morning, on Thursday, July 30, 2026, at 8:30 a.m. Eastern Time. The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve’s Investors page. 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. Investor Contacts: investorrelations@flowserve.com Brian Ezzell, Vice President, Investor Relations, Treasurer & Corporate Finance Olivia Webb, Director, Investor Relations Media Contact: media@flowserve.com Source: Flowserve Corporation

Strengthens Flowserve’s position as a leading flow control provider to the global nuclear and power generation markets Advances Flowserve’s 3D growth strategy through value-creating capital deployment DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, has closed its all-cash acquisition of Trillium Flow Technologies’ Valves Division1 (“TVD”) for $490 million plus working capital adjustments. TVD is a leading provider of highly engineered mission-critical valves and other flow control equipment used in nuclear and traditional power generation, industrial, and critical infrastructure applications.TVD’s comprehensive portfolio of brands serves a global customer base across attractive and growing end markets with a nearly 200-year legacy of engineering excellence and reliable performance. The acquisition will expand Flowserve’s reach in both conventional and emerging end markets by integrating TVD’s highly specialized valve and actuation product portfolio, differentiated power and nuclear technology, and scalable service offerings.“We are pleased to welcome the TVD team to Flowserve,” said Scott Rowe, Flowserve President and Chief Executive Officer. “We have positioned Flowserve to identify and win in growth sectors, such as nuclear, that drive sustainable and profitable long-term growth. TVD strengthens our position in the accelerating power and nuclear markets and enables us to build on the deep customer relationships we have already developed in this space. Our disciplined approach to capital allocation led to this transaction, which we expect to enhance growth and margin expansion."Flowserve will integrate TVD using the Flowserve Business System and apply its rigorous 80/20 operating principles, which are anticipated to enhance operational performance, expand margins, and better serve customers with a powerful portfolio of products, services, and aftermarket capabilities. The acquired business is expected to have adjusted EBITDA margins in the high teens, with annualized revenue of approximately $200 million after contemplating reductions from applying 80/20 principles.Flowserve looks forward to a smooth transition and strong partnership with all TVD customers, suppliers, and distributors.For more information, go to Flowserve.com/Trillium-Valves-Acquisition.1 Transaction excludes Trillium Valves’ French operations.About FlowserveFlowserve 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 and Section 21E of the Exchange Act, which are made pu

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, today issued the following statement in response to a letter issued by Starboard Value LP (collectively with its affiliates, "Starboard"). The Flowserve Board of Directors (the “Board”) and management team are committed to acting in the best interests of the Company and all shareholders. We regularly engage with investors to better understand their perspectives, and we welcome constructive input that furthers our goal of creating sustainable, long-term value for all shareholders. To this end, members of Flowserve’s management team have held discussions with Starboard in recent months. Flowserve has made meaningful portfolio and operational improvements that have resulted in 860 basis points of adjusted operating margin improvement since 2022. We believe the Company is better positioned to drive growth and value creation than at any point in our history. Powered by our 3D strategy and the Flowserve Business System, the Company continues to deliver substantial year‑over‑year improvement across key operational and financial metrics. The Company reaffirms its 2026 guidance, including adjusted operating margin expansion and double-digit adjusted EPS growth. Additionally, the management team remains committed to its 2030 financial targets of mid-single digit organic sales CAGR from 2025-2030, 20% adjusted operating margin by 2030, and double-digit adjusted EPS CAGR from 2025-2030. The strength of our aftermarket franchise and a resurgent power and nuclear end market fueled by AI growth, data center development and broader electrification trends provide a strong backdrop for growth. The current geopolitical environment should drive increased investment in energy security and diversification globally, providing another long-term tailwind for the Company. In addition, strong cash generation continues to facilitate disciplined, value-creating capital deployment, such as the acquisition of the Valves Division of Trillium Flow Technologies, as well as the return of $365 million to shareholders in 2025, including $255 million in share repurchases. The Board and management team will continue to take action to drive sustainable growth, expand margins and enhance cash flow, thereby increasing value for all shareholders. 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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, 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

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, has released the voting results of its 2026 Annual Meeting of Shareholders and announced its quarterly cash dividend. Annual Meeting Results At the virtual Annual Meeting, Flowserve’s shareholders elected Sujeet Chand, Ruby R. Chandy, John L. Garrison, Cheryl H. Johnson, Michael C. McMurray, Thomas B. Okray, R. Scott Rowe, Brian D. Savoy and Ross B. Shuster to its Board of Directors, reflecting continued shareholder support in Flowserve’s Board. Each Board member will serve an annual term expiring at the 2027 Annual Meeting of Shareholders. Gayla J. Delly, who has served on the Board for 18 years, and Kenneth I. Siegel, who has served for four years, did not stand for re-election. “On behalf of Flowserve associates around the world, I would like to thank Gayla Delly and Kenneth Siegel for their service on the Board and contributions to Flowserve,” said Scott Rowe, Flowserve President and Chief Executive Officer. “We appreciate the support of our shareholders and remain focused on advancing our strategic growth priorities and continuing to drive sustainable value for our shareholders.” The voting results for the remaining proposals were as follows: Shareholders approved an advisory vote on executive compensation, with approximately 94.1 percent voting in favor of the proposal. Shareholders ratified the appointment of PricewaterhouseCoopers LLP as Flowserve’s independent registered public accounting firm for 2026. Shareholders rejected a shareholder proposal requesting an annual advisory shareholder vote regarding the Company’s stock repurchases, with approximately 96.3 percent voting against the proposal. Final voting results on all agenda items will be available in a Current Report on Form 8-K to be filed following certification by Flowserve’s inspector of elections. Biographies for all members of the board can be found in Flowserve’s 2026 Proxy Statement or on www.flowserve.com. Dividends Declared Flowserve’s Board of Directors has authorized a quarterly cash dividend of $0.22 per share on outstanding shares of common stock. The dividend is payable July 10, 2026, to shareholders of record as of the close of business on June 26, 2026. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends at this $0.22 per share rate or otherwise will be reviewed individually and declared by the Board of Directors at its discretion. 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 web site at www.flowserve.com

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, today announced the pricing of a public offering of $500 million of its 5.700% senior notes due 2036. The offering is expected to close on May 12, 2026, subject to customary conditions. The notes will be general senior unsecured obligations of the Company and will rank equally in right of payment with the Company's existing and future senior unsecured indebtedness. Interest will be paid semi-annually on May 15 and November 15 of each year, beginning on November 15, 2026. The Company intends to use the net proceeds from the offering of the notes to fund the purchase price for the acquisition of Trillium Flow Technologies Valves Division (the "Trillium Flow Acquisition") and any remaining proceeds for general corporate purposes, which may include the repayment of outstanding indebtedness. If (i) the Trillium Flow Acquisition is not consummated on or prior to February 4, 2027, or such later date as the parties to the purchase agreement may agree as the “Longstop Date” thereunder, or (ii) the purchase agreement related thereto is terminated without the Trillium Flow Acquisition being consummated, the Company intends to use the net proceeds from the offering of the notes, together with borrowings under its revolving credit facility or cash on hand, or a combination thereof, if necessary, to redeem all of the outstanding notes at a redemption price equal to 101% of the aggregate principal amount of such notes plus accrued and unpaid interest thereon, if any, to the redemption date. BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC are acting as the joint book-running managers for the offering. Copies of the prospectus supplement and accompanying base prospectus for the offering may be obtained by contacting: BofA Securities, Inc. at 201 North Tryon Street, Charlotte, NC 28255, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com, Toll-Free: 1-800-294-1322; J.P. Morgan Securities LLC at: 270 Park Avenue, New York, NY 10017, Attn: Investment Grade Syndicate Desk-3rd Floor or by calling collect at (212) 834-4533; or Mizuho Securities USA LLC at: 1271 Avenue of the Americas, New York, NY 10020, Attn: Debt Capital Markets or by calling (866) 271-7403. An electronic copy of the prospectus supplement and accompanying base prospectus for the offering may also be obtained at www.sec.gov. The notes were offered and will be sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission, and only by means of a prospectus supplement and accompanying base prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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. Safe Harbor Stat

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 bookingsFirst quarter operating margin of 11.2% decreased 30 basis points and adjusted 1 operating margin 2 of 15.1% expanded 230 basis points compared to the prior year periodFirst quarter reported EPS of $0.64 and adjusted EPS 3 of $0.85Reported 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 EastReaffirmed full-year 2026 adjusted EPS guidance 3 of $4.00 to $4.20Supported Middle East customers with their critical infrastructure needs while prioritizing employee safetyManagement 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 2026Q1 2025ChangeOriginal Equipment Bookings<td class=