FRANKLIN ELECTRIC CO INC
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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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.
Mar 31, 2026 · Filed Apr 29, 2026
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Income Taxes
- INCOME TAXES
The Company’s effective tax rate for the three-month period ended March 31, 2026 was 24.2 percent as compared to 25.0 percent for the three-month period ended March 31, 2025. The effective tax rate differs from the U.S. statutory rate of 21 percent primarily due to foreign earnings taxed at rates different than the U.S. statutory rate and U.S. state taxes partially offset by an object exemption of foreign business profits in the Netherlands and the recognition of the U.S. foreign-derived intangible income (FDII) provisions.
The decrease in the effective tax rate for the first quarter of 2026 compared to the comparable period in the prior year was primarily due to mix of foreign earnings taxed at rates different than the U.S. statutory rate.
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