The financials
Franklin Electric Co., Inc. by the numbers
Franklin Electric Co., Inc. (FELE) reported revenue of $500M in Q1 2026 (quarter ended March 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 2026-Q1 was Water Systems at $278M, 55% of the disclosed total, just ahead of Distribution at 30%.
| 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 | $278M | 55% |
| Distribution | $151M | 30% |
| Energy Systems | $72M | 14% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $500.4M (-14%)
Water Systems grew +13% year on yearDistribution +6.3% year on year
Segment Latestquarter on quarteryear on year
- Water Systems$277.7M$277.7MQoQ -8.8%year on year +13%-8.8%+13%
- Distribution$150.9M$150.9MQoQ -24%year on year +6.3%-24%+6.3%
- Energy Systems$71.8M$71.8MQoQ -10%year on year +7.5%-10%+7.5%
Specialty Industrial Machinery
Ranks #33 of 44 by Smart Score