FRANKLIN ELECTRIC CO INC
For the period ended Jun 30, 2026. Filed Jul 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.
Jun 30, 2026 · Filed Jul 29, 2026
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Goodwill and Other Intangible Assets
- GOODWILL AND OTHER INTANGIBLE ASSETS
The carrying amounts of the Company’s intangible assets, excluding goodwill, are as follows:
| (In millions) | June 30, 2026 | December 31, 2025 | ||
|---|---|---|---|---|
| Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |
| Amortizing intangibles: | ||||
| Customer relationships | $341.8 | $(160.7) | $309.5 | $(149.7) |
| Technology | 10.8 | (8.1) | 10.5 | (7.8) |
| Trade names | 68.5 | (13.8) | 58.6 | (11.6) |
| Other | 3.1 | (2.5) | 3.1 | (2.5) |
| Total | $424.2 | $(185.1) | $381.7 | $(171.6) |
| Non-amortizing intangibles: | ||||
| Trade names | 41.9 | — | 41.6 | — |
| Total intangibles | $466.1 | $(185.1) | $423.3 | $(171.6) |
Amortization expense related to intangible assets for the second quarters ended June 30, 2026 and June 30, 2025 was $7.0 million and $6.0 million, respectively, and for six months ended June 30, 2026 and June 30, 2025 was $13.3 million and $11.1 million, respectively.
The change in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2026 is as follows:
| (In millions) | ||||
|---|---|---|---|---|
| Water Systems | Energy Systems | Distribution | Consolidated | |
| Balance as of December 31, 2025 | $277.0 | $70.5 | $50.6 | $398.1 |
| Acquisitions | 23.0 | — | 5.5 | 28.5 |
| Adjustments to prior year acquisitions | 0.2 | — | — | 0.2 |
| Foreign currency translation | 5.4 | (0.1) | — | 5.3 |
| Balance as of June 30, 2026 | $305.6 | $70.4 | $56.1 | $432.1 |
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