FRANKLIN ELECTRIC CO INC
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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Sep 30, 2026 · Filed Oct 28, 2026
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Income Taxes
- INCOME TAXES
The Company’s effective tax rate for the nine-month period ended September 30, 2026 was 24.9 percent as compared to 25.3 percent for the nine-month period ended September 30, 2025. The effective tax rate differs from the U.S. statutory rate of 21 percent primarily due to U.S. state taxes and foreign earnings taxed at rates different than the U.S. statutory rate 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. For the third quarter of 2026, the Company recorded an effective tax rate of 24.4 percent, compared with 26.9 percent in the third quarter of 2025.
The decrease in the effective tax rate for the third quarter and first nine months of 2026 compared to the comparable periods in the prior year was primarily due to a mix of foreign earnings taxed at rates different than the U.S. statutory rate.
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