Franklin Electric Co., Inc. reports company developments tied to its water, energy and distribution businesses. The company manufactures and distributes systems and components for the movement and management of water, fuel and electricity, including pumps, motors, drives, electronic controls, monitoring devices, water treatment equipment and fueling-system components.
Recurring news for FELE includes quarterly and annual earnings, segment sales and operating performance across Water Systems, Energy Systems and Distribution, dividend declarations, investor conference participation and updates on business operations. Company updates also reference end markets such as residential, commercial, agricultural, industrial, municipal and fueling applications.
Franklin Electric (NASDAQ: FELE) announced that CEO Joe Ruzynski and CFO Jennifer Wolfenbarger will participate in upcoming investor conferences alongside Investor Relations.
The schedule includes the Northcoast Research Fall Management Forum virtually on November 9, the Baird 2026 Global Industrial Conference in Chicago on November 10, and the Oppenheimer Winter Industrial Summit virtually on December 8.
Franklin Electric (FELE) reported third-quarter 2026 net sales of $633.6 million, up 9% from the prior-year quarter, with growth across all segments. GAAP diluted earnings per share rose 265% to $1.35; adjusted diluted EPS, a non-GAAP measure, increased 15% to $1.50. Operating income rose 2% to $86.5 million, while operating margin fell to 13.7% from 14.6%.
Water Systems sales increased 5% to $352.5 million, but operating income declined 2% to $58.9 million. Distribution sales rose 15% to $226.1 million and operating income increased 26% to $20.6 million. Energy Systems sales grew 15% to $91.7 million, while operating income fell to $23.7 million from $25.4 million. Franklin Electric raised its full-year 2026 guidance to $2.23 billion–$2.30 billion in net sales and $4.62–$4.82 in adjusted diluted EPS.
Franklin Electric (FELE) signed a definitive agreement to acquire Australian underground mine dewatering provider Challenge Pumps for approximately US$181 million in cash. The price is subject to customary adjustments, with additional contingent consideration of up to US$14 million tied to future revenue performance following closing. Closing is expected in 2026 after completion of the target's audit and customary closing conditions.
Challenge Pumps generated approximately US$52 million in revenue and US$18 million in EBITDA in FY2026 ended June; EBITDA measures earnings before interest, taxes, depreciation and amortization. More than 55% of revenue over the past three years came from aftermarket activity. Franklin Electric expects the deal to increase adjusted earnings per share in 2027 and plans to fund it with cash and existing credit facilities. Expected post-close net leverage is approximately 1.8x.
Franklin Electric (NASDAQ: FELE) announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share. The dividend is payable on November 19, 2026, to shareholders of record on November 5, 2026.
Franklin Electric (FELE) has appointed Luciana Amaro as Chief Human Resources Officer to lead the company's global human resources strategy.
Amaro will report to Chief Executive Officer Joe Ruzynski and work with business leaders on organizational capability, talent and leadership development, and workplace culture. She brings 28 years of human resources leadership experience and most recently served as Senior Vice President of Human Resources at Elanco Animal Health. Her earlier roles included senior human resources positions at BASF and Yara International.
Franklin Electric (NASDAQ: FELE) will release its third-quarter 2026 earnings on October 28, 2026, followed by a conference call. The earnings release is scheduled for 8:00 am ET, with the call beginning at 9:00 am ET to review results and other business developments.
A live, listen-only webcast will be available. Participants wishing to ask questions must register to receive dial-in information and a PIN. A replay will be available from October 28 through 9:00 am ET on November 4, 2026.
Franklin Electric (FELE) has completed the acquisition of Cat Pumps Corporation for $350 million in cash plus a potential earnout of up to $50 million in Franklin Electric stock, effective September 4, 2026.
Cat Pumps, a Minneapolis-based leader in high-pressure plunger and piston pumps, generated approximately $115 million in revenue and $45 million in Adjusted EBITDA in 2025, with EBITDA margins above 35% and a high share of recurring aftermarket parts and accessories revenue. The acquisition adds a premium brand and proprietary high-pressure technology serving mission-critical commercial and industrial markets such as industrial cleaning, reverse osmosis and water treatment, vehicle cleaning, energy, hydro excavation, and water misting.
The deal expands Franklin Electric’s addressable market by more than $1 billion, is expected to be accretive in the first full year and to Adjusted EPS in 2027, and will be reported within the Energy Systems segment. Post-transaction net leverage is expected to be about 1.5x.
Franklin Electric (NASDAQ: FELE) reported second quarter 2026 net sales of $622.9 million, up 6% from $587.4 million a year earlier. Operating income rose to $93.6 million from $88.1 million, maintaining a 15.0% operating margin. Diluted EPS was $1.46 versus $1.31, while non-GAAP adjusted diluted EPS increased to $1.55 from $1.31.
Water Systems net sales grew 5% to $358.5 million, Distribution rose 11% to $221.1 million, and Energy Systems increased 3% to $80.2 million. Energy Systems included a $4.5 million legal settlement loss. The company raised its 2026 guidance to net sales of $2.21–$2.29 billion and adjusted diluted EPS of $4.50–$4.70.
Franklin Electric (NASDAQ: FELE) announced that its Board of Directors has declared a quarterly cash dividend of $0.28 per share. The dividend is payable on August 20, 2026, to shareholders of record as of August 6, 2026.
Franklin Electric describes itself as a global producer and marketer of systems and components for moving water and energy, serving residential, commercial, agricultural, industrial, municipal, and fueling applications worldwide. The company also notes prior recognition in several 2025 Newsweek corporate responsibility rankings.
Franklin Electric (NASDAQ: FELE) will release its second quarter 2026 earnings on Tuesday, July 28, 2026, at 8:00 am ET, followed by a conference call at 10:00 am ET to discuss results and other business developments.
The earnings call will be accessible via a live listen-only webcast at https://edge.media-server.com/mmc/p/bv4pobwm. Investors who wish to participate in the question-and-answer session must register at https://register-conf.media-server.com/register/BIf86cd5e922ea464585fd65d6489735a4 to receive dial-in details and a personal PIN. According to Franklin Electric, participants are encouraged to join 10 minutes before the call starts, although registration and dial-in remain open throughout the event.
A replay of the call will be available via the webcast link from July 28, 2026, through 10:00 am ET on August 4, 2026. The company also reiterates its “Safe Harbor” statement regarding forward-looking information and refers investors to its SEC filings, including the Form 10-K for the year ending December 31, 2025, and subsequent Form 10-Q reports, for detailed risk factors.