| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 500.44 | 9.9% |
| Total Income | 500.44 | 9.9% |
| Expenditure | 452.35 | 10.0% |
| PBT | 45.78 | 9.4% |
| Net Profit | 34.33 | 10.9% |
| OPM | 9.61% | 0.08pp |
| NPM | 6.86% | 0.06pp |
| EPS | 0.77 | 14.9% |
Franklin Electric Reports Q1 2026 Net Sales Up 10% to $500.4 Million
28 Apr 2026 · 28 Apr, 5:33 pm
Summary
Franklin Electric Co., Inc. reported a strong start to fiscal year 2026, with first quarter net sales increasing by 10% year-over-year to $500.4 million. Operating income also saw a healthy rise of 9% to $48.1 million, achieving an operating margin of 9.6%. The company's GAAP diluted earnings per share grew by 15% to $0.77, while adjusted diluted EPS climbed 24% to $0.83, reflecting solid execution across all three segments. CEO Joe Ruzynski highlighted that underlying demand and order activity remain healthy, with the company focused on driving profitable growth through innovation, disciplined pricing, and productivity initiatives. Franklin Electric is maintaining its full year 2026 guidance for net sales between $2.17 billion and $2.24 billion and Adjusted Diluted EPS in the range of $4.40 to $4.60.
Key Highlights
- 1
Consolidated net sales for the first quarter of 2026 increased by 10% year-over-year, reaching $500.4 million.
- 2
Operating income grew by 9% to $48.1 million in Q1 2026, achieving an operating margin of 9.6%.
- 3
GAAP fully diluted earnings per share (EPS) rose by 15% to $0.77, while adjusted diluted EPS saw a 24% increase to $0.83.
- 4
All three business segments reported sales growth, with Water Systems up 11%, Energy Systems up 7%, and Distribution up 6% compared to the prior year.
- 5
Water Systems net sales were $318.0 million, and its adjusted operating income increased by 11% to $48.3 million.
- 6
The company is maintaining its full year 2026 net sales guidance in the range of $2.17 billion to $2.24 billion.
- 7
Franklin Electric also reaffirmed its full year 2026 Adjusted Diluted EPS guidance to be between $4.40 and $4.60.
Management Comments
Joe Ruzynski
Our teams delivered a strong start to 2026, with first quarter results in line with our expectations and reflecting solid execution across the business. Sales increased nearly 10 percent year‑over‑year, driven by higher volumes, effective pricing, and incremental contributions from acquisitions, while operating income and adjusted earnings grew meaningfully faster than revenue. We remain focused on driving profitable growth through our investment in innovation, focus on faster growing markets, disciplined pricing, and productivity initiatives, while continuing to enhance our global manufacturing footprint to better serve our customers.
Joe Ruzynski
While we continue to closely monitor the global macroeconomic and geopolitical environment, underlying demand and order activity remain healthy. As we move through the year, our focus remains on executing our strategy to deliver volume growth predictably and efficiently. With improving operating margins and a strong balance sheet, we are well positioned to support our customers and drive profitable growth while delivering long term value for our shareholders.
Informational and educational content only. Not investment advice.