Franklin Electric Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net sales $633.6 million, up 9% year over year
- ➤Adjusted diluted EPS $1.50, up 15% year over year
- ➤Full-year 2026 sales guidance raised to $2.23 billion-$2.30 billion
- ➤Full-year 2026 adjusted diluted EPS guidance raised to $4.62-$4.82
- ➤Distribution sales $226.1 million, up 15%; operating income up 26%
Expert Statements
Joe Ruzynski, CEO of Franklin Electric
“Our team delivered strong third quarter revenue growth through a combination of favorable pricing, contributions from recent acquisitions, and healthy customer activity across much of the portfolio. We were pleased with the early contribution from Cat Pumps as our teams remain focused on executing our integration playbook while serving customers at a high level.”
Joe Ruzynski, CEO of Franklin Electric
“Although we experienced margin pressure from higher material and freight costs, we continue to see encouraging order trends and strong customer engagement across many of our businesses. We remain focused on disciplined pricing, productivity initiatives, and operational execution throughout our global manufacturing and distribution network. With a diversified portfolio, strong balance sheet, and multiple opportunities to drive growth, we believe Franklin Electric is well positioned to continue creating long-term value for shareholders.”
Third Quarter 2026 Highlights * Consolidated net sales of $633.6 million, an increase of 9% to the prior year * Net sales increased across all three segments: 5% in Water Systems, 15% in Energy Systems, and 15% in Distribution * Operating income was $86.5 million, an increase of 2% to the prior year, with operating margin of 13.7%; Adjusted operating income(2) was $95.4 million * GAAP fully diluted earnings per share (EPS) was $1.35, an increase of 265%; Adjusted diluted EPS(1) was $1.50, an increase of 15% FORT WAYNE, Ind., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2026.
Third quarter 2026 net sales were $633.6 million compared to third quarter 2025 net sales of $581.7 million. Third quarter 2026 operating income was $86.5 million, compared to third quarter 2025 operating income of $85.1 million. Third quarter 2026 diluted EPS was $1.35, compared to third quarter 2025 EPS of $0.37. Third quarter adjusted diluted EPS(1) was $1.50, compared to 2025 third quarter adjusted diluted EPS(1) of $1.31.
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