Flowserve (FLS) has terminated its merger agreement for Flowserve to combine with Chart Industries, Inc. (GTLS). The termination follows the Flowserve Board decision not to submit a revised offer to merge with Chart, after being notified that Chart's Board had determined that a recent unsolicited acquisition proposal from Baker Hughes (BKR) constituted a superior proposal. Flowserve will receive a $266 million termination payment.
Separately, Flowserve Corporation reported its financial results for the second quarter ended June 30, 2025. The company's bottom line came in at $81.75 million, or $0.62 per share. This compares with $72.62 million, or $0.55 per share, last year. Adjusted earnings per share was $0.91 compared to $0.73. Analysts on average had expected the company to earn $0.78 per share. Analysts' estimates typically exclude special items. Sales were $1.19 billion compared to $1.16 billion, last year.
Also, Flowserve increased full-year 2025 adjusted EPS guidance to $3.25-$3.40, from $3.10-$3.30, an increase of more than 25% at the midpoint of the range. Organic sales growth is now projected in a range of 3% to 4%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.