Franklin Electric Co Inc Q1 2026 Financial Results – Net Sales Up 10%

By Chris Stiles • Tuesday, April 28 11:22 • Permanent Link

Franklin Electric said first-quarter 2026 net sales rose to $500.4 million from $455.2 million a year earlier, an increase of $45.2 million, or 10%.

Operating income increased to $48.1 million from $44.1 million, up $4.0 million, or 9%, while operating margin was 9.6%.

Diluted earnings per share rose to $0.77 from $0.67, a gain of 15%. Adjusted diluted EPS climbed to $0.83 from $0.67, up 24%.

All three segments posted higher sales. Water systems revenue increased 11% to $318.0 million from $287.3 million, a rise of $30.7 million. Energy systems sales rose 7% to $71.8 million from $66.8 million, up $5.0 million. Distribution sales increased 6% to $150.9 million from $141.9 million, up $9.0 million.

Water systems operating income edged up to $44.4 million from $43.4 million, a gain of $1.0 million, or 2%. Distribution operating income increased to $3.0 million from $2.1 million, up 43%. Energy systems operating income rose to $24.2 million from $21.9 million, a gain of $2.3 million, or 11%.

Within water systems, adjusted operating income increased to $48.3 million from $43.4 million, up 11%. In distribution, adjusted operating income rose to $3.0 million from $2.3 million, up 30%.

The company kept its full-year 2026 outlook unchanged, calling for net sales of $2.17 billion to $2.24 billion and adjusted diluted EPS of $4.40 to $4.60. As a result of these announcements, the company's shares have moved 0.33% on the market, and are now trading at a price of $101.94. For the full picture, make sure to review FRANKLIN ELECTRIC CO INC's 8-K report.

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