Quarterly ResultApr 28, 2026, 08:03 AM
FELE Q1 Net Sales +10% to $500.4M; Adj. EPS $0.83, +24%
AI Summary
Franklin Electric Co., Inc. reported strong first quarter 2026 results, with consolidated net sales increasing 10% to $500.4 million and adjusted diluted EPS rising 24% to $0.83. The company saw sales growth across all three segments: Water Systems (+11%), Energy Systems (+7%), and Distribution (+6%). CEO Joe Ruzynski noted solid execution, higher volumes, effective pricing, and contributions from acquisitions, with operating income and adjusted earnings growing faster than revenue. The company is maintaining its full-year 2026 guidance for net sales and adjusted diluted EPS, citing healthy underlying demand.
Key Highlights
- Consolidated net sales increased 10% to $500.4 million.
- GAAP diluted EPS rose 15% to $0.77.
- Adjusted diluted EPS increased 24% to $0.83.
- Water Systems net sales grew 11% to $318.0 million.
- Distribution net sales increased 6% to $150.9 million.
- Energy Systems net sales rose 7% to $71.8 million.
- Maintaining 2026 net sales guidance of $2.17B to $2.24B.
- Maintaining 2026 Adjusted Diluted EPS guidance of $4.40 to $4.60.