Franklin Electric ( (FELE) ) has released its Q1 earnings. Here is a breakdown of the information Franklin Electric presented to its investors.
Franklin Electric Co., Inc. is a global leader in the production and marketing of systems and components for the movement of water and energy, serving various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications. The company is recognized for its technical leadership and has been named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024.
In its first quarter of 2025, Franklin Electric reported consolidated net sales of $455.2 million, a slight decrease of 1% compared to the previous year. Despite the overall decline, the Energy Systems segment experienced an 8% increase in net sales, while the Water Systems saw a marginal rise, and Distribution net sales fell by 3%. The company also completed two acquisitions during the quarter, aligning with its growth strategy.
Key financial metrics for the quarter included an operating income of $44.1 million and a GAAP fully diluted earnings per share (EPS) of $0.67. The Energy Systems segment contributed significantly to the operating income with a 32.8% margin, while the Water Systems and Distribution segments had operating margins of 15.1% and 1.5%, respectively. The company faced some earnings headwinds due to one-time expenses related to executive transitions and acquisitions.
Looking ahead, Franklin Electric maintains its full-year 2025 sales guidance between $2.09 billion and $2.15 billion, while adjusting its earnings guidance to an EPS range of $3.95 to $4.25. The management remains confident in the company’s competitive position and strategic priorities, despite macroeconomic uncertainties and potential tariffs.