Flowserve Corporation announced that Amy B. Schwetz resigned as Senior Vice President, Chief Financial Officer and interim Chief Accounting Officer to accept a position at another publicly traded company, effective September 30, 2026. The resignation is not related to financial or accounting issues or disagreements regarding operations. Brian Ezzell was appointed as the new Senior Vice President, Chief Financial Officer and interim Chief Accounting Officer, effective October 1, 2026. Mr. Ezzell will receive an annual base salary of $625,000, a target cash award equal to 75% of base salary, and long-term incentive targets including $1,600,000 in performance rights commencing in 2027, plus one-time grants of restricted stock units and performance rights valued at $200,000 each. The company expects no changes to its full-year fiscal 2026 guidance. Flowserve Corporation is a leading provider of flow control products and services for global infrastructure markets.

Flowserve Corporation's Board of Directors elected Ajay Agrawal as a new independent director effective August 5, 2026. Mr. Agrawal currently serves as Chief Business Development Officer and Senior Vice President, Global Services at Carrier Global Corporation. He was appointed to the Organization and Compensation Committee and the Technology, Innovation and Risk Committee. This election fills a newly created board seat resulting from an amendment to the Company’s By-Laws that increased the number of directors from nine to ten. Mr. Agrawal will be nominated for reelection at the 2027 annual meeting of shareholders. Flowserve Corporation is a leading provider of fluid motion and control products, including engineered pumps, seals, and valves, serving global infrastructure markets.

Flowserve Corporation reported second quarter 2026 financial results with quarterly bookings of $1.35 billion, a 26% increase year-over-year, driven by record aftermarket bookings of $696 million. Reported earnings per share were $0.77, while adjusted EPS reached $0.95. The company updated its full-year 2026 organic sales guidance to approximately -1%, reflecting geopolitical uncertainty in the Middle East, but raised the low end of its adjusted EPS guidance range to $4.05 from $4.00. Operating margin expanded 70 basis points to 13.0%. Flowserve Corporation is a leading provider of flow control products and services for global infrastructure markets.

Flowserve Corporation closed the acquisition of Trillium Flow Technologies' Valves Division for $490 million in cash. The acquired entity is a provider of mission-critical valves for nuclear, power generation, industrial, and critical infrastructure applications. Flowserve Corporation operates in the industrial and energy equipment manufacturing sector.