Franklin Electric Co. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered 10% sales growth and 24% adjusted EPS growth, with all segments contributing and strong margin expansion. Guidance for the year is maintained amid macro and geopolitical uncertainties, while new products, acquisitions, and productivity initiatives drive optimism for continued growth.
Fiscal Year 2025
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Record 2025 results with sales up 5.4% and adjusted EPS up 6%. 2026 guidance targets 3%+ sales growth and 9% EPS growth, with margin expansion across all segments. Strong cash flow, active M&A, and new product launches support a positive outlook.
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Q3 2025 saw 9% sales growth, margin expansion, and strong adjusted EPS, driven by organic growth, pricing, and acquisitions. Guidance for 2025 is maintained, with volume growth expected in core markets and continued investment in innovation and capacity.
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Q2 2025 delivered record sales, income, and EPS, with all segments growing and strong operational execution offsetting margin pressures from acquisitions and tariffs. Guidance is maintained, supported by a robust backlog and continued investment in growth and efficiency.
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Q1 2025 saw stable performance with sales down 1% year-over-year, strong gross margin, and robust results in the energy segment offsetting distribution softness. Guidance was updated for EPS due to tariffs and restructuring, while two acquisitions expanded the portfolio.
Fiscal Year 2024
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Q4 2024 sales rose 3% year-over-year, led by Distribution and Energy Systems, while Water Systems was flat. Full-year results were resilient despite macro headwinds, with strong international growth and strategic acquisitions expected to add $50M in 2025 revenue.
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Q3 2024 sales declined 1% year-over-year to $531.4M, with gross margin up to 35.7% but EPS down to $1.17. Full-year guidance was lowered due to persistent macro headwinds, higher SG&A, and segment-specific challenges, though order rates and operational execution support cautious optimism for 2025.
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Second quarter sales declined 5% year-over-year, but gross profit and margins reached record highs, driven by strong performance in Water and Fueling Systems manufacturing. Full-year sales guidance is maintained, though EPS guidance is lowered due to first-half results and ongoing macroeconomic and weather challenges.