Franklin Electric Q1 Sales Rise 10% to $500M; EPS Up 24%
Franklin Electric’s Q1 2026 net sales rose 10% to $500.4 million, with operating income up 9% to $48.1 million and adjusted EPS climbing 24% to $0.83. Water Systems sales grew 11% to $318.0 million, Distribution gained 6%, Energy Systems 7%, while full-year sales and EPS guidance remain $2.17–2.24 billion and $4.40–4.60.
1. Q1 Financial Highlights
Franklin Electric posted Q1 2026 net sales of $500.4 million, up 10% year-over-year, driven by volume gains, pricing improvements and acquisitions. Operating income increased 9% to $48.1 million, GAAP diluted EPS rose to $0.77 and adjusted diluted EPS reached $0.83, up 24%.
2. Segment Performance
Water Systems net sales climbed 11% to $318.0 million, with adjusted operating income up 11% to $48.3 million despite $3.9 million of restructuring charges. Distribution sales rose 6% to $150.9 million, boosting adjusted operating income 30% to $3.0 million. Energy Systems revenue grew 7% to $71.8 million, lifting operating income 11% to $24.2 million.
3. Full-Year 2026 Guidance
The company maintained full-year 2026 net sales guidance of $2.17 billion to $2.24 billion and adjusted diluted EPS of $4.40 to $4.60. Executives cited continued innovation investments, disciplined pricing and global manufacturing expansion to support profitable growth and margin enhancement.