FRANKLIN ELECTRIC CO INC

For the period ended Sep 30, 2025. Filed Oct 30, 2025.

About 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.

Sep 30, 2025 · Filed Oct 30, 2025

FELE$96.98+3.0%Stored close · as of Nov 9, 2026

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Contents

Item 1. Condensed Consolidated Financial Statements (Unaudited)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	Third Quarter Ended		Nine Months Ended
(In thousands, except per share amounts)	September 30, 2025	September 30, 2024	September 30, 2025	September 30, 2024
Net sales	$581,714	$531,438	$1,624,395	$1,535,596
Cost of sales	373,010	341,775	1,039,962	982,556
Gross profit	208,704	189,663	584,433	553,040
Selling, general, and administrative expenses	123,474	115,998	366,638	352,290
Restructuring expense	112	139	435	139
Operating income	85,118	73,526	217,360	200,611
Interest expense	(3,496)	(1,556)	(8,100)	(4,980)
Other income (expense), net	(165)	(181)	514	709
Foreign exchange income (expense), net	(2,673)	88	(8,514)	(5,228)
Pension settlement loss	(55,251)	—	(55,251)	—
Income before income taxes	23,533	71,877	146,009	191,112
Income tax expense	6,329	16,983	36,868	43,795
Net income	$17,204	$54,894	$109,141	$147,317
Less: Net income attributable to noncontrolling interests	(466)	(298)	(1,301)	(663)
Net income attributable to Franklin Electric Co., Inc.	$16,738	$54,596	$107,840	$146,654
Earnings per share:
Basic	$0.37	$1.19	$2.38	$3.18
Diluted	$0.37	$1.17	$2.35	$3.14

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

Third Quarter Ended · Nine Months Ended
(In thousands) · September 30, 2025 · September 30, 2024 · September 30, 2025 · September 30, 2024
Net income	$17,204		$54,894	$109,141	$147,317
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments	4,555		8,706	43,657	(8,808)
Employee benefit plan activity	2,079		553	2,902	1,706
Pension settlement	55,251	0	—	55,251	—
Other comprehensive income/(loss)	61,885		9,259	101,810	(7,102)
Income tax expense related to items of other comprehensive income/(loss)	(14,068)		(137)	(14,270)	(423)
Other comprehensive income/(loss), net of tax	47,817		9,122	87,540	(7,525)
Comprehensive income	65,021		64,016	196,681	139,792
Less: Comprehensive income attributable to noncontrolling interests	(443)		(383)	(1,405)	(692)
Comprehensive income attributable to Franklin Electric Co., Inc.	$64,578		$63,633	$195,276	$139,100

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.