Welcome to our dedicated page for Franklin Elec news (Ticker: FELE), a resource for investors and traders seeking the latest updates and insights on Franklin Elec stock.
Franklin Electric Co Inc (NASDAQ: FELE) is a manufacturing company focused on systems and components for the movement of water and energy. The company describes itself as a global leader in the production and marketing of pumping systems, motors, electronic controls, and related equipment serving residential, commercial, agricultural, industrial, municipal, and fueling applications. This news page aggregates company-specific developments that can influence how investors and observers view FELE stock.
News about Franklin Electric frequently covers its quarterly financial results, including consolidated net sales, operating income, segment performance for Water Systems, Energy Systems, and Distribution, and earnings per share. Releases often highlight how net sales have changed across segments and regions, and discuss factors such as volume, price realization, acquisitions, and foreign currency translation.
In addition to earnings, Franklin Electric issues news on corporate actions and capital allocation, such as quarterly cash dividend declarations and share repurchase transactions authorized by its Board of Directors. The company also announces leadership and governance changes, including appointments to executive roles like Chief Financial Officer and Chief Human Resources Officer, and updates to its Board of Directors and Chairperson.
Other updates include recognition in third-party rankings related to responsibility, trustworthiness, environmental performance, and workplace quality. Together, these items provide a view into Franklin Electric’s operational performance, financial decisions, and corporate governance. Investors and followers of FELE can use this news feed to review the company’s own disclosures and announcements over time.
Franklin Electric (NASDAQ: FELE) has announced key leadership changes to its Board of Directors. Jennifer L. Sherman, currently President and CEO of Federal Signal Corporation, has been elected as Chairperson effective May 2, 2025, for a term ending at the 2026 Annual Meeting. Sherman has served as a Director since 2015.
Additionally, Mark A. Carano, currently Vice President, CFO and Treasurer of SPX Technologies, has been appointed as a director effective May 7, 2025, with a term expiring at the 2027 Annual Meeting. Carano brings extensive financial expertise from his roles at Insteel Industries, Big River Steel, and 14 years in investment banking.
Franklin Electric reported Q1 2025 financial results with net sales of $455.2 million, showing a 1% decrease from Q1 2024. The company's performance was mixed across segments:
- Energy Systems showed strong growth with an 8% increase in sales to $66.8 million
- Water Systems remained relatively flat with a less than 1% increase to $287.3 million
- Distribution segment declined 3% to $141.9 million
Operating income was $44.1 million with a 9.7% margin, down from $47.9 million in Q1 2024. Earnings per share decreased to $0.67 from $0.70. CEO Joe Ruzynski noted positive order trends and robust backlog entering Q2, despite weather impacts on Distribution. The company maintained its 2025 sales guidance of $2.09-2.15 billion but adjusted the low end of EPS guidance to $3.95-4.25.
Franklin Electric (NASDAQ: FELE) has announced a quarterly cash dividend of $0.265 per share, payable on May 22, 2025, to shareholders of record on May 8, 2025. The company, a global leader in water and energy systems, has been recognized in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as America's Climate Leaders 2024 by USA Today.
The company specializes in systems and components for residential, commercial, agricultural, industrial, municipal, and fueling applications, maintaining its position as a technical leader in its field.
Franklin Electric (NASDAQ: FELE) has announced its upcoming first quarter 2025 earnings release and conference call schedule. The company will release Q1 2025 earnings on Tuesday, April 29, 2025, at 8:00 am ET, followed by a conference call at 9:00 am ET.
The earnings call will be accessible via webcast in listen-only mode, with a Q&A portion available for registered participants. A replay will be available through May 6, 2025. Franklin Electric, recognized in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as USA Today's America's Climate Leaders 2024, specializes in systems and components for water and energy movement across residential, commercial, agricultural, industrial, municipal, and fueling applications globally.
Franklin Electric (FELE) reported Q4 2024 net sales of $485.7 million, up 3% from Q4 2023, with Energy Systems and Distribution segments growing 5% and 6% respectively. Q4 operating income was $43.0 million with an 8.9% margin, and EPS was $0.72.
For full-year 2024, consolidated net sales decreased 2% to $2.0 billion, with Distribution segment growing 2% while Water Systems and Energy Systems declined 2% and 8% respectively. Operating income was $243.6 million with a 12.1% margin, and full-year EPS was $3.86.
The company ended 2024 with a cash balance of $220.5 million, generating operating cash flows of $261.4 million. For 2025, FELE expects sales between $2.09-2.15 billion and EPS of $4.05-4.25.
Franklin Electric (NASDAQ: FELE) has signed a definitive agreement to acquire Barnes de Colombia, a leading manufacturer and distributor of industrial and commercial pumps. Barnes de Colombia operates two manufacturing facilities and eight stocking locations in Colombia, with assembly facilities in Mexico, Brazil, and Argentina, and warehouses across Latin America.
The acquisition, expected to close around March 1, 2025, will enhance Franklin Electric's product portfolio and market presence in Latin America. Barnes de Colombia brings approximately 400 team members, manufacturing and foundry capabilities to Franklin Electric's operations. The deal aligns with Franklin's long-term growth and diversification goals, aiming to strengthen supply chain resilience and leverage Barnes' distribution network.
Franklin Electric (NASDAQ: FELE) has scheduled its fourth quarter and fiscal year 2024 earnings release for Tuesday, February 18, 2025, at 8:00 am ET. A conference call to discuss the results will follow at 9:00 am ET. The earnings call will be accessible via a live webcast in listen-only mode, with a Q&A portion available for registered participants.
The company has provided registration links for both the webcast and the Q&A session. A replay of the conference call will be available from February 18 through February 25, 2025. Franklin Electric specializes in systems and components for water and energy movement, serving residential, commercial, agricultural, industrial, municipal, and fueling applications globally.
Franklin Electric (NASDAQ: FELE) has announced a quarterly cash dividend increase of 6 percent to $0.265 per share, payable February 20, 2025, to shareholders of record on February 6, 2025. This marks the company's 33rd consecutive year of dividend increases, demonstrating its commitment to shareholder returns and business confidence.
The company, a global leader in water and energy movement systems and components, serves residential, commercial, agricultural, industrial, municipal, and fueling applications worldwide. Franklin Electric has been recognized in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as USA Today's America's Climate Leaders 2024.
Franklin Electric reported Q3 2024 financial results with net sales of $531.4 million, down 1% year-over-year. The company's Water Systems and Distribution segments saw modest growth of 2% and 1% respectively, while Fueling Systems declined 10%. Operating income was $73.5 million with a 13.8% margin, and EPS reached $1.17, down from $1.23 in Q3 2023. Due to macro pressures and weather impacts, the company lowered its full-year 2024 guidance to approximately $2.00 billion in sales and adjusted EPS to $3.75-$3.85.
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