Quarterly ResultJul 28, 2026, 08:02 AM
Franklin Electric Q2 Net Sales $622.9M, EPS $1.46; Raises Guidance
AI Summary
Franklin Electric reported strong second quarter 2026 results with consolidated net sales increasing 6% year-over-year to $622.9 million. GAAP diluted EPS rose 11% to $1.46, and adjusted diluted EPS increased 18% to $1.55. The company also raised its full-year 2026 net sales and adjusted diluted EPS guidance, reflecting continued momentum across its Water Systems, Energy Systems, and Distribution segments.
Key Highlights
- Consolidated net sales increased 6% year-over-year to $622.9 million.
- GAAP diluted EPS was $1.46, an 11% increase from the prior year.
- Adjusted diluted EPS rose 18% to $1.55.
- Operating income grew 6% to $93.6 million, achieving a 15.0% operating margin.
- Water Systems net sales increased 5% to $358.5 million.
- Distribution net sales increased 11% to $221.1 million.
- Company raised full-year 2026 net sales guidance to $2.21 billion - $2.29 billion.
- Full-year 2026 Adjusted Diluted EPS guidance raised to $4.50 - $4.70.
Price Impact
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