Franklin Electric Q3 Sales Up 9% to $633.6M, Raises Full-Year 2026 Guidance
FELE is trading near its 52-week low of $89.535 (10% above the low).
Summary
Franklin Electric posted Q3 sales of $633.6 million (+9%) and adjusted EPS of $1.50 (+15%), then raised full-year 2026 sales and adjusted EPS guidance.
Key Events · Earnings and Guidance · FELE
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Q3 Sales Rise 9% to $633.6M
Net sales of $633.6 million versus $581.7 million a year ago, with growth in all three segments: Water Systems +5%, Energy Systems +15%, Distribution +15%.
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Adjusted EPS $1.50, Up 15%
GAAP diluted EPS was $1.35 versus $0.37 (which included a $0.93 pension settlement loss); adjusted diluted EPS rose to $1.50 from $1.31.
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Full-Year 2026 Guidance Raised
Company now guides net sales of $2.23-$2.30 billion and adjusted diluted EPS of $4.62-$4.82 for the full year.
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Margins Squeezed by Material and Freight Costs
Operating income was $86.5 million with a 13.7% margin versus 14.6% a year ago; adjusted operating income was $95.4 million after excluding $5.0 million of acquisition costs and $3.6 million of inventory step-up.
Analysis · FELE · Manufacturing
Sales grew 9% to $633.6 million with every segment up, and adjusted EPS of $1.50 beat last year's $1.31 by 15%. The bigger news is the raised full-year outlook: management now sees $2.23-$2.30 billion in sales and $4.62-$4.82 in adjusted EPS, which resets the bar higher for the rest of the year. Margin pressure from material and freight costs is the offset — operating margin slipped to 13.7% from 14.6% — so the story is volume and pricing outrunning cost inflation rather than margin expansion.
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At the time of this filing, FELE was trading at $98.70 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $89.54 to $115.82. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.