Franklin Electric Co., Inc. (FELE) Q2 2026 Earnings Call July 28, 2026 10:00 AM EDT
Company Participants
Dean Cantrell - Director of Investor Relations
Joseph Ruzynski - CEO & Director
Jennifer Wolfenbarger - VP & CFO
Conference Call Participants
Matt Summerville - D.A. Davidson & Co., Research Division
Ryan Connors - Northcoast Research Partners, LLC
Bryan Blair - Oppenheimer & Co. Inc., Research Division
Michael Halloran - Robert W. Baird & Co. Incorporated, Research Division
Presentation
Operator
Good day, and welcome to the Franklin Electric Reports Second Quarter 2026 Sales and Earnings Conference Call.
[Operator Instructions] Please be advised that today's conference is being recorded.
It is now my pleasure to introduce Dean Cantrell, Director of Investor Relations.
Dean Cantrell
Director of Investor Relations
Thank you, Andrew, and welcome, everyone, to Franklin Electric's Second Quarter 2026 Earnings Conference Call. Joining me today is Jennifer Wolfenbarger, our Chief Financial Officer; and Joe Ruzynski, our Chief Executive Officer.
On today's call, Joe will review our second quarter business highlights. Jennifer will provide additional details on our financial performance, and then Joe will make some additional comments highlighting our Water Systems segment. We will then take your questions. A replay link of the webcast will be archived for 7 days, and the transcript and audio version of this call will be available on our website tomorrow.
Before we begin, let me remind you that as we conduct this call, we will be making forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties, many of which could cause actual results to differ materially from such forward-looking statements. A discussion of these factors may be found in the company's annual report on Form 10-K and today's earnings release.
Franklin Electric (FELE - Free Report) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.64%. A quarter ago, it was expected that this water and fuel pumping systems company would post earnings of $0.77 per share when it actually produced earnings of $0.83, delivering a surprise of +7.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Franklin Electric, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $622.88 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.20%. This compares to year-ago revenues of $587.43 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Franklin Electric shares have added about 10.4% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Franklin Electric?While Franklin Electric has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Franklin Electric was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.42 on $598.5 million in revenues for the coming quarter and $4.58 on $2.23 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
EnerSys (ENS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.
This maker of industrial batteries is expected to post quarterly earnings of $2.82 per share in its upcoming report, which represents a year-over-year change of +35.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
EnerSys' revenues are expected to be $922.82 million, up 3.3% from the year-ago quarter.
Franklin Electric NASDAQ: FELE reported higher second-quarter sales and earnings, citing organic growth, price realization, acquisitions and margin expansion efforts across its businesses. The company also raised its full-year sales and adjusted earnings outlook, while noting continued uncertainty in global markets.
Second-quarter sales rose 6% year over year to $622.9 million. Organic growth was 3.5%, according to Chief Executive Officer Joe Raczynski, with all three operating segments recording sales growth. Fully diluted earnings per share increased to $1.46 from $1.31 a year earlier, while adjusted diluted EPS reached a quarterly record of $1.55, up 18% from $1.31.
Get Franklin Electric alerts:
“Our second quarter was solid for all segments,” Raczynski said, pointing to strong order growth, healthy backlog levels and balanced channel inventory as the company exited the period.
Margins expand despite inflation and charges Chief Financial Officer Jennifer Wolfenbarger said adjusted operating income increased 12% to $98.5 million, excluding a $4.5 million legal settlement provision in the Energy Systems segment and $400,000 of restructuring costs. Adjusted operating margin expanded 80 basis points to 15.8%.
Gross margin rose 90 basis points to 37%, helped by pricing, volume and tariff refunds. Those benefits were largely offset by material inflation and the timing of tariff-related expense rolling off the balance sheet, Wolfenbarger said.
The company received a portion of its recovery related to IEPA tariffs during the quarter, a benefit Raczynski described as a few million dollars, primarily benefiting the Energy Systems profit and loss statement. Management also said inflation accelerated during the quarter and that some regions in Europe and South America remained softer.
Franklin Electric recorded restructuring expenses related primarily to structural-improvement initiatives within global water operations. Raczynski said the company is ramping a new factory in Turkey and consolidating facilities in North America, with the efforts intended to create a more efficient operating structure. The company expects productivity gains from those actions to become more meaningful in 2027.
Segment performance led by Distribution Global Water Systems: Sales increased 5% year over year, supported by pricing, foreign-currency translation and recent acquisitions. U.S. and Canadian sales rose 8%, including a 12% increase in agricultural groundwater-pumping equipment sales and an 11% increase in residential products, including water-treatment products. Sales of large dewatering equipment into industrial applications declined 12% in the region. Segment adjusted operating income increased 6% to $65.6 million, and adjusted margin improved 10 basis points to 18.3%. Distribution: Sales climbed 11% to $221.1 million, driven by higher volumes, acquisition-related sales and price realization. Operating income rose $3.6 million to $19.7 million, and operating margin improved 80 basis points to 8.9%. Energy Systems: Sales increased 3% to $80.2 million. International sales rose 12%, primarily in Europe and Africa, while sales in the U.S. and Canada increased 1%. Adjusted operating income, excluding the legal settlement provision, increased 11% to $32.4 million. Adjusted margin expanded 290 basis points to 40.4%, aided by pricing, volume growth and IEPA tariff refunds. Outside the U.S. and Canada, Water Systems sales increased 1%. Foreign exchange added 5% to sales and acquisitions added about 1%, while volume and pricing were negatively affected by 5%. Management said sales rose in Asia-Pacific excluding currency and acquisitions, while Latin America and EMEA declined. Water Systems volumes in North Africa, the Middle East and Eastern Europe were affected by the ongoing conflict in the Middle East.
Acquisitions, water treatment and growth markets Raczynski said Franklin Electric completed three acquisitions in the first half, all of which are tracking ahead of plan. The transactions included Geoquip, a U.K.-based systems business serving groundwater and residential markets; Wood Bros., a water-treatment business extending the company’s reach in the central U.S.; and Benson, a distributor with exposure to agricultural, utility and municipal infrastructure markets.
Wood Bros. has annual revenue in the mid-$20 million to low-$30 million range, while Benson is a mid-$20 million revenue business, Raczynski said. The company expects the deals to expand its channels, customer access and ability to distribute additional Franklin Electric products.
Newly launched products generated more than $10 million in sales during the second quarter, according to Raczynski. New water-treatment dealers contributed more than $2 million in revenue. Wolfenbarger added that water-treatment organic volume growth exceeded 5% during the quarter, despite what she described as a muted residential market.
The company also highlighted critical-minerals and data-center infrastructure as longer-term growth areas. Raczynski said Franklin Electric views critical minerals as a multibillion-dollar addressable market and expects it to grow at a high-single-digit compound annual rate. The company’s exposure is concentrated on mine dewatering and maintenance rather than mine capital cycles, he said.
Regarding data centers, Raczynski said Franklin Electric has won business involving municipal hookups and flushing applications, and is pursuing opportunities to supply cooling distribution unit manufacturers. He said the company expects to provide more specificity in the second half of the year.
Outlook and capital position Franklin Electric raised its 2026 sales outlook to $2.21 billion to $2.29 billion and increased its adjusted diluted EPS guidance to $4.50 to $4.70. Wolfenbarger said the outlook reflects strong performance and underlying demand, while incorporating uncertainty tied to macroeconomic conditions, geopolitical developments and tariffs.
The company ended the quarter with $97.3 million in cash and $107 million outstanding under its revolving credit agreement. Net cash from operating activities totaled $58.7 million for the first half, compared with $32 million in the prior-year period, driven in part by improved inventory usage.
Franklin Electric also declared a quarterly cash dividend of $0.28 per share, payable Aug. 20 to shareholders of record Aug. 6. The company plans to hold its first Investor Day on March 23, 2027, in New York, where it expects to discuss strategy, refreshed midterm guidance and long-term value creation plans.
About Franklin Electric (NASDAQ:FELE)Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.
Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Franklin Electric Right Now?Before you consider Franklin Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin Electric wasn't on the list.
While Franklin Electric currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Bank of New York Mellon Corp reduced its stake in shares of Franklin Electric Co., Inc. (NASDAQ: FELE) by 2.4% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,608 shares of the industrial products company's stock after selling 7,632 shares during the
FORT WAYNE, Ind., July 27, 2026 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.28 per share payable August 20, 2026, to shareholders of record on August 6, 2026.
July 14, 2026 08:00 ET | Source: Franklin Electric Co., Inc.
FORT WAYNE, Ind., July 14, 2026 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its second quarter 2026 earnings at 8:00 am ET on Tuesday, July 28, 2026. A conference call to review earnings and other developments in the business will commence at 10:00 am ET. The second quarter 2026 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:
https://edge.media-server.com/mmc/p/bv4pobwm
For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below.
All registrants will receive dial-in information and a PIN allowing them to access the live call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).
A replay of the conference call will be available from Tuesday, July 28, 2026, through 10:00 am ET on Tuesday, August 4, 2026, by visiting the listen-only webcast link above.
About Franklin Electric
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers worldwide in residential, commercial, agricultural, industrial, municipal and fueling applications. Franklin Electric is proud to be recognized in Newsweek’s lists of America’s Most Responsible Companies 2025, Most Trustworthy Companies 2025, and Greenest Companies 2025.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2025, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
CONTACT: Jennifer Wolfenbarger / Dean Cantrell
Franklin Electric Co., Inc.
260.824.2900
Jennifer Ann Wolfenbarger, Vice President and CFO of Franklin Electric Co., Inc. (FELE +1.31%), disposed of 2,827 shares of common stock on July 7, 2026. SEC Form 4 filing
Transaction summaryMetricValueTransaction value$290,531Shares sold2,827Post-transaction shares (directly held)13,528Post-transaction value$1.4 millionTransaction value based on SEC Form 4 weighted average sale price ($102.77); post-transaction value based on July 07, 2026, market close ($102.77).
Key questionsWhy was this transaction executed at this time?
The disposal was non-discretionary and was carried out to cover tax liabilities associated with the vesting of 6,440 restricted stock units on July 7, 2026. This type of transaction is a routine consequence of equity compensation vesting and does not reflect the insider's discretionary view of the company’s valuation.How does this impact the insider's total equity exposure?
While the tax-related sale reduced the immediate position, the underlying vesting event expanded the insider's direct ownership base from 9,915 shares to 13,528 shares net of the withheld amount. The CFO remains a significant individual stakeholder with a 0.0306% ownership interest in Franklin Electric.What is the composition of the remaining equity holdings?
Following this transaction, the insider continues to hold a mix of common stock owned outright and restricted shares that are subject to future vesting schedules. These awards serve to align executive compensation with long-term shareholder interests through 2027 and beyond.Company OverviewMetricValueShare Price (as of market close 2026-07-08)$101.26Market Capitalization$4.5 billionRevenue (TTM)$2.2 billionNet Income (TTM)$150.5 millionCompany SnapshotFranklin Electric designs, manufactures, and distributes water and fuel pumping systems, motors, water treatment systems, and monitoring devices across its Water Systems, Energy Systems, and Distribution segments, generating revenue from groundwater, water transfer, wastewater, and fuel applications globally.The company operates a diversified business model that combines original equipment manufacturing with aftermarket parts and services, serving both residential and commercial end-markets across North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region.Primary customers include water utilities, agricultural operators, industrial facilities, and original equipment manufacturers, with a focus on essential infrastructure applications where reliability and efficiency are critical operational requirements.Franklin Electric is a leading global manufacturer of pumping systems with approximately 6,500 employees and a market capitalization of $4.5 billion. The company maintains a diversified geographic footprint and multi-segment operating structure that provides exposure to essential water infrastructure and energy markets. With TTM revenue of $2.2 billion and net income of $150.5 million, Franklin Electric demonstrates strong operational scale and profitability in the industrial machinery sector.
What this transaction means for investorsInvestors shouldn’t sweat this sale as it is merely the byproduct of vesting restricted stock units. From a stock perspective, Franklin Electric is one that investors shouldn’t sleep on. The stock has delivered annualized total returns of 12.7% over the last decade, highlighting the power of being a leader in an important yet niche category.
Franklin Electric’s submersible motors, pumps, and wholesale distribution network for water products are undeniably critical and have helped the company become a steady-Eddie stock sporting 34 consecutive years of dividend increases.
Trading at just 22 times forward earnings and growing sales by 10% in its latest quarter, FELE stock isn’t outrageously priced. Franklin Electric won’t be a mega-multibagger anytime soon, but if you are looking for a steady compounder to act as a stable piece of your portfolio while it trades at a reasonable valuation, the company certainly fits the billing.
Over the last decade, Franklin Electric has grown its sales, net income, and dividend by 9%, 9%, and 10% annually, providing investors with fairly robust and predictable returns despite the inherent cyclicality of its business.
Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Franklin Electric. The Motley Fool has a disclosure policy.
Franklin Electric (NASDAQ: FELE - Get Free Report) and Kone Oyj (OTCMKTS:KNYJY - Get Free Report) are both industrials companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, earnings, institutional ownership, analyst recommendations, valuation, profitability and risk. Institutional and Insider Ownership 80.0% of Franklin Electric
Allspring Global Investments Holdings LLC trimmed its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,857,580 shares of the industrial products company’s stock after selling 151,857 shares during the quarter. Allspring Global Investments Holdings LLC owned 4.17% of Franklin Electric worth $180,185,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in FELE. Y Intercept Hong Kong Ltd purchased a new position in shares of Franklin Electric in the 3rd quarter valued at about $1,181,000. AlphaQuest LLC boosted its holdings in Franklin Electric by 38.7% during the third quarter. AlphaQuest LLC now owns 45,466 shares of the industrial products company’s stock worth $4,328,000 after buying an additional 12,675 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Franklin Electric by 11.8% during the third quarter. Alps Advisors Inc. now owns 90,086 shares of the industrial products company’s stock worth $8,576,000 after buying an additional 9,528 shares in the last quarter. Public Sector Pension Investment Board grew its position in Franklin Electric by 11.5% during the third quarter. Public Sector Pension Investment Board now owns 149,192 shares of the industrial products company’s stock worth $14,203,000 after buying an additional 15,387 shares during the period. Finally, UniSuper Management Pty Ltd increased its holdings in Franklin Electric by 94.3% in the third quarter. UniSuper Management Pty Ltd now owns 118,497 shares of the industrial products company’s stock valued at $11,281,000 after buying an additional 57,518 shares in the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades A number of equities research analysts have recently issued reports on the stock. DA Davidson set a $100.00 price target on shares of Franklin Electric in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Franklin Electric from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $106.00.
View Our Latest Report on Franklin Electric
Franklin Electric Price Performance FELE stock opened at $90.54 on Tuesday. The stock’s 50 day moving average price is $98.15 and its 200 day moving average price is $96.71. The firm has a market cap of $4.00 billion, a P/E ratio of 28.12, a PEG ratio of 1.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79. Franklin Electric Co., Inc. has a 1 year low of $78.87 and a 1 year high of $111.53.
Franklin Electric (NASDAQ:FELE – Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). The company had revenue of $506.86 million during the quarter, compared to analyst estimates of $516.25 million. Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.
Franklin Electric Increases Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.27. Franklin Electric’s dividend payout ratio is 34.78%.
Insider Activity In other news, CEO Joseph A. Ruzynski purchased 500 shares of the stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $93.34 per share, for a total transaction of $46,670.00. Following the completion of the acquisition, the chief executive officer directly owned 22,722 shares in the company, valued at $2,120,871.48. This represents a 2.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is owned by corporate insiders.
About Franklin Electric (Free Report)
Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.
Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.
See Also Five stocks we like better than Franklin Electric
Receive News & Ratings for Franklin Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Electric and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEAllspring Global Investments Holdings LLC Has $238.68 Million Stock Holdings in Freeport-McMoRan Inc. $FCX
NEXT HEADLINE »StandardAero, Inc. $SARO Shares Acquired by Allspring Global Investments Holdings LLC
FORT WAYNE, Ind., April 14, 2026 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its first quarter 2026 earnings at 8:00 am ET on Tuesday, April 28, 2026. A conference call to review earnings and other developments in the business will commence at 11:00 am ET. The first quarter 2026 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:
https://edge.media-server.com/mmc/p/h2get6o9
For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below.
All registrants will receive dial-in information and a PIN allowing them to access the live call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).
A replay of the conference call will be available from Tuesday, April 28, 2026, through 11:00 am ET on Tuesday, May 5, 2026, by visiting the listen-only webcast link above.
About Franklin Electric
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers worldwide in residential, commercial, agricultural, industrial, municipal and fueling applications. Franklin Electric is proud to be recognized in Newsweek’s lists of America’s Most Responsible Companies 2025, Most Trustworthy Companies 2025, and Greenest Companies 2025.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2025, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
CONTACT:Jennifer Wolfenbarger / Dean Cantrell
Franklin Electric Co., Inc.
260.824.2900
April 27, 2026 08:00 ET | Source: Franklin Electric Co., Inc.
FORT WAYNE, Ind., April 27, 2026 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.28 per share payable May 21, 2026, to shareholders of record on May 7, 2026.
About Franklin Electric
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers worldwide in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be recognized in Newsweek’s lists of America’s Most Responsible Companies 2025, Most Trustworthy Companies 2025, and Greenest Companies 2025.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2025, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
CONTACT:Jennifer Wolfenbarger / Dean Cantrell Franklin Electric Co., Inc. 260.824.2900
Franklin Electric (FELE - Free Report) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.26%. A quarter ago, it was expected that this water and fuel pumping systems company would post earnings of $0.89 per share when it actually produced earnings of $0.87, delivering a surprise of -2.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Franklin Electric, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $500.44 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.48%. This compares to year-ago revenues of $455.25 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Franklin Electric shares have added about 8.3% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Franklin Electric?While Franklin Electric has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Franklin Electric was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.44 on $606.5 million in revenues for the coming quarter and $4.54 on $2.21 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, EnerSys (ENS - Free Report) , has yet to report results for the quarter ended March 2026.
This maker of industrial batteries is expected to post quarterly earnings of $3.00 per share in its upcoming report, which represents a year-over-year change of +1%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.
EnerSys' revenues are expected to be $972.82 million, down 0.2% from the year-ago quarter.
NEW YORK--(BUSINESS WIRE)--A. Buchholtz & Company (“AB&C”) is pleased to announce the sale of its client, Wood Bros. and related entities (the “Company”) to Franklin Electric Co., Inc. (NASDAQ: FELE).
“Wood Bros. will benefit greatly from Franklin Electric’s broad sourcing capabilities and greater geographic reach,” said AB&C Managing Director Dan Brunello.
Share Headquartered in Lincoln, Nebraska, Wood Bros. is a distributor of water treatment systems to wholesale and retail customers from its three locations in Lincoln, Phoenix, Arizona and Indianapolis, Indiana. The acquisition enhances Franklin Electric’s Water Treatment business by adding synergistic distribution capabilities and expanding access to customers and markets.
The related entities acquired include both Reverse Osmosis Superstore and Vistar Water Technologies, both of which provide customers with water treatment solutions online.
Franklin Electric is a Fort Wayne, Indiana-based manufacturer and distributor of products and systems focused on the movement and management of water and energy. By acquiring Wood Bros., Franklin gains deeper presence in key markets and a complementary business with a decades-long reputation for providing the highest level of customer service and tailor-made water treatment products.
Don Line, President of Franklin Water Treatment said, “Wood Brothers is a fantastic business with a great reputation, and we are extremely pleased to add it to our existing operations. Nebraska, Arizona and Indiana are all excellent markets for our products, and we look forward to continuing to grow within and service these geographies with the Wood Brothers team.” Franklin Electric closed an all-cash deal.
“Wood Bros. will benefit greatly from Franklin Electric’s broad sourcing capabilities and greater geographic reach,” said AB&C Managing Director, Dan Brunello. “We had several compelling options for our client, but ultimately it came down to Franklin’s experienced management team with a long and proven track record of acquiring and integrating similar water treatment distribution businesses.”
About A. Buchholtz & Company
A. Buchholtz & Company (AB&C) is a premier mid-market investment banking advisory firm based in New York with global reach. The firm provides a full range of transaction services, including sell-side and buy-side M&A, capital raising, joint ventures, and strategic advisory services and is a member of Globalscope Partners Ltd., a worldwide network of M&A advisory firms specializing in middle-market transactions.
Delancey W. Davis, President of Franklin Electric‘s (FELE +1.04%) groundwater distribution segment, disclosed the sale of 1,900 shares of common stock for a transaction value of ~$190,000 on May 26, 2026, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)1,900Transaction value$190,000Post-transaction shares (direct)10,402Post-transaction value (direct ownership)$1.05 millionTransaction value based on SEC Form 4 reported price ($100.00); post-transaction value based on May 26, 2026, market close ($101.16).
Key questionsHow does the latest sale compare to Mr. Davis's historical trading cadence and trade size?
Over the past three years, Mr. Davis averaged approximately six trades per year, with this 1,900-share sale exceeding his average sell-only event size (~1,206 shares), but consistent with prior large transactions as his overall holdings have declined.What proportion of Mr. Davis's total direct holdings was affected by this transaction?
The sale involved 15.44% of direct holdings at the time, reducing his position from 12,302 to 10,402 shares, with all remaining shares held directly and no indirect or derivative exposure post-transaction.How does current market valuation relate to the reported transaction price?
The shares were sold at $100.00 per share, while the closing price on May 26, 2026 was $100.65 and the price as of May 27, 2026 reached $101.16, reflecting a ~1.2% premium to the executed sale price over two days.Company overviewMetricValueRevenue (TTM)$2.18 billionNet income (TTM)$151.31 millionDividend yield1.09%1-year price change14.15%* 1-year performance calculated using May 28, 2026, as the reference date.
Company snapshotDesigns and manufactures water and fuel pumping systems, including submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices, serving residential, agricultural, municipal, and industrial markets.Generates revenue from product sales across three segments—Water Systems, Fueling Systems, and Distribution—leveraging both direct and channel sales to wholesale and retail distributors, OEMs, and specialty distributors.Primary customers include installing contractors, industrial and petroleum equipment distributors, oil and utility companies, and OEMs operating globally.Franklin Electric is a global leader in water and fuel pumping systems, with a diversified product portfolio and a strong presence in industrial and infrastructure markets. The company's scale, with over 6,300 employees and operations spanning multiple continents, supports robust distribution and customer reach. Franklin Electric's vertical integration and focus on engineered solutions provide a competitive edge in serving complex fluid management needs worldwide.
What this transaction means for investorsDavis has been with Franklin Electric since 2005. He’s acted as Vice President and President of the company’s Headwater Companies segment since 2017. His recent trade isn’t exactly what investors like to see from insiders, but it doesn’t look like he’s trying to escape a sinking ship. After selling 1,900 shares, he still had 10,402 shares in his portfolio.
Franklin Electric’s recent performance hasn’t been anything to complain about. First quarter net sales grew 10% year over year to $500.4 million. The utility’s bottom line grew even faster. Earnings grew 15% year over year to reach $0.77 per share.
Water systems have been Franklin Electric’s strongest growth driver. First-quarter water system sales rose by 11% year over year. The company credited price hikes and acquisitions for the gain.
Looking ahead, Franklin Electric expects 2026 sales to land in a range between $2.17 billion and $2.24 billion.
Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Franklin Electric. The Motley Fool has a disclosure policy.
