Franklin Electric (NYSE:FELE) reported strong financial results for the first quarter of 2026, characterized by broad-based revenue growth across all primary business segments and a significant expansion in profitability.
The company posted record first-quarter net sales of $500.4 million, a 10% increase compared to the $453.6 million reported in the first quarter of 2025.
The global leader in water and energy systems delivered GAAP diluted earnings per share (EPS) of $0.77.
On an adjusted basis, diluted EPS reached $0.83, representing a 24% jump year-over-year.
Management attributed the robust bottom-line performance to a combination of increased sales volume, disciplined pricing actions, and ongoing productivity improvements across its manufacturing footprint.
The company's core Water Systems segment remained the primary growth engine, with sales rising 11% to $318 million.
This performance was supported by steady demand in global groundwater and surface water markets.
The Energy Systems segment also contributed to the positive momentum, posting a 7% increase in sales to $71.8 million, while the Distribution segment grew 6% to $150.9 million.
Consolidated operating income for the quarter stood at $48.1 million.
Based on the strong start to the year and a healthy backlog, Franklin Electric reaffirmed its full-year 2026 guidance.
The company continues to expect net sales between $2.17 billion and $2.24 billion, with adjusted diluted EPS projected in the range of $4.40 to $4.60.