Franklin Electric Q3 sales rise 9% to $633.6 million
Key points
- Franklin Electric (NASDAQ:FELE) reported third-quarter 2026 net sales of $633.6 million, up 9% year over year.
- GAAP diluted earnings per share rose to $1.35, while adjusted diluted EPS increased 15% to $1.50; operating margin declined to 13.7%.
- Franklin Electric now expects 2026 net sales of $2.23 billion–$2.30 billion and adjusted diluted EPS of $4.62–$4.82.
Franklin Electric (NASDAQ:FELE) reported third-quarter 2026 net sales of $633.6 million, up 9% year over year, and raised its full-year financial guidance.
GAAP diluted earnings per share increased 265% to $1.35, while adjusted diluted earnings per share rose 15% to $1.50.
Sales increased across all three segments, but operating income rose only 2% to $86.5 million, and operating margin narrowed to 13.7% from 14.6%.
Water Systems sales rose 5% to $352.5 million, Distribution sales increased 15% to $226.1 million, and Energy Systems sales grew 15% to $91.7 million.
Franklin Electric raised its 2026 net sales outlook to $2.23 billion–$2.30 billion and its adjusted diluted earnings per share forecast to $4.62–$4.82.
Segment results varied, with Distribution operating income increasing 26% to $20.6 million, Water Systems operating income declining 2% to $58.9 million, and Energy Systems operating income falling to $23.7 million from $25.4 million.
