The financials
Franklin Electric Co., Inc. by the numbers
Franklin Electric Co., Inc. (FELE) reported revenue of $500M in Q1 2026 (quarter ended Mar 31, 2026), up 9.9% from the same quarter a year earlier. That came with a gross margin of 35% and net income of $34M (6.9% of revenue). For the full year FY2025, revenue was $2.13B (+5.4% year on year) and net income $147M. Its largest segment in Jun 2026 was Water Systems at $322M, 52% of the disclosed total, ahead of Distribution at 35%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $500M | $455M | +9.9% |
| Gross profit | $175M | $164M | +6.8% |
| Operating income | $48M | $44M | +9.0% |
| Net income | $34M | $31M | +11% |
| Diluted EPS | $0.77 | $0.67 | +15% |
| Operating | Revenue | Share |
|---|---|---|
| Water Systems | $322M | 52% |
| Distribution | $221M | 35% |
| Energy Systems | $80M | 13% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $622.9M (+24%)
Distribution grew +11% year on yearEnergy Systems +3.5% year on year
Segment Latestquarter on quarteryear on year
- Water Systems$321.6M$321.6MQoQ +16%year on year +3.8%+16%+3.8%
- Distribution$221.1M$221.1MQoQ +47%year on year +11%+47%+11%
- Energy Systems$80.2M$80.2MQoQ +12%year on year +3.5%+12%+3.5%
Specialty Industrial Machinery
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