FRANKLIN ELECTRIC CO INC
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
FELE$96.98+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Equity Roll Forward
- EQUITY ROLL FORWARD
The schedules below set forth equity changes in the second quarters and six months ended June 30, 2024 and June 30, 2023:
| (In thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income/(Loss) | Noncontrolling Interest | Total Equity | Redeemable Noncontrolling Interest |
|---|---|---|---|---|---|---|---|
| Balance as of March 31, 2024 | $4,609 | $352,797 | $1,090,874 | $(227,855) | $2,554 | $1,222,979 | $1,109 |
| Net income | — | — | 59,099 | — | 186 | 59,285 | 46 |
| Dividends on common stock ($0.250/share) | — | — | (11,564) | — | — | (11,564) | — |
| Common stock issued | — | 252 | — | — | — | 252 | — |
| Common stock repurchased | (40) | — | (39,124) | — | — | (39,164) | — |
| Share-based compensation | 6 | 2,967 | — | — | — | 2,973 | — |
| Dividend to noncontrolling interest | — | — | — | — | — | — | (21) |
| Currency translation adjustment | — | — | — | (10,284) | (15) | (10,299) | — |
| Pension and other post retirement plans, net of taxes | — | — | — | 434 | — | 434 | — |
| Balance as of June 30, 2024 | $4,575 | $356,016 | $1,099,285 | $(237,705) | $2,725 | $1,224,896 | $1,134 |
| (In thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income/(Loss) | Noncontrolling Interest | Total Equity | Redeemable Noncontrolling Interest |
| Balance as of March 31, 2023 | $4,614 | $332,263 | $980,114 | $(224,560) | $2,537 | $1,094,968 | $633 |
| Net income | — | — | 59,600 | — | 292 | 59,892 | 268 |
| Dividends on common stock ($0.225/share) | — | — | (10,432) | — | — | (10,432) | — |
| Common stock issued | 15 | 6,057 | — | — | — | 6,072 | — |
| Common stock repurchased | (9) | — | (8,399) | — | — | (8,408) | — |
| Share-based compensation | 6 | 2,492 | — | — | — | 2,498 | — |
| Currency translation adjustment | — | — | — | 4,482 | 13 | 4,495 | — |
| Pension and other post retirement plans, net of taxes | — | — | — | 416 | — | 416 | — |
| Balance as of June 30, 2023 | $4,626 | $340,812 | $1,020,883 | $(219,662) | $2,842 | $1,149,501 | $901 |
| (In thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income/(Loss) | Noncontrolling Interest | Total Equity | Redeemable Noncontrolling Interest |
|---|---|---|---|---|---|---|---|
| Balance as of December 31, 2023 | $4,607 | $344,717 | $1,078,512 | $(221,114) | $2,426 | $1,209,148 | $1,145 |
| Net Income | — | — | 92,058 | — | 355 | 92,413 | 10 |
| Dividends on common stock ($0.500/share) | — | — | (23,124) | — | — | (23,124) | — |
| Common stock issued | 7 | 4,295 | — | — | — | 4,302 | — |
| Common stock repurchased | (50) | — | (48,161) | — | — | (48,211) | — |
| Share-based compensation | 11 | 7,004 | — | — | — | 7,015 | — |
| Dividend to noncontrolling interest | — | — | — | — | — | — | (21) |
| Currency translation adjustment | — | — | — | (17,458) | (56) | (17,514) | — |
| Pension and other post retirement plans, net of taxes | — | — | — | 867 | — | 867 | — |
| Balance as of June 30, 2024 | $4,575 | $356,016 | $1,099,285 | $(237,705) | $2,725 | $1,224,896 | $1,134 |
| (In thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income/(Loss) | Noncontrolling Interest | Total Equity | Redeemable Noncontrolling Interest |
| Balance as of December 31, 2022 | $4,619 | $325,426 | $969,261 | $(231,448) | $2,276 | $1,070,134 | $620 |
| Net Income | — | — | 96,925 | — | 530 | 97,455 | 281 |
| Dividends on common stock ($0.450/share) | — | — | (20,872) | — | — | (20,872) | — |
| Common stock issued | 22 | 8,988 | — | — | — | 9,010 | — |
| Common stock repurchased | (27) | — | (24,431) | — | — | (24,458) | — |
| Share-based compensation | 12 | 6,398 | — | — | — | 6,410 | — |
| Currency translation adjustment | — | — | — | 10,953 | 36 | 10,989 | — |
| Pension and other post retirement plans, net of taxes | — | — | — | 833 | — | 833 | — |
| Balance as of June 30, 2023 | $4,626 | $340,812 | $1,020,883 | $(219,662) | $2,842 | $1,149,501 | $901 |
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