Franklin Electric Q1 sales beat estimates on higher volumes; backs FY outlook

FRANKLIN ELECTRIC

28/04/2026 13:11

Overview

US water and energy systems maker's fiscal Q1 sales rose 10%, beating analyst expectations

Adjusted diluted EPS for fiscal Q1 increased 24% yr/yr

Company maintained full-year sales and adjusted EPS guidance

Outlook

Franklin Electric maintains 2026 net sales guidance of $2.17 bln to $2.24 bln

Company maintains 2026 adjusted diluted EPS outlook of $4.40 to $4.60

Company says underlying demand and order activity remain healthy

Result Drivers

VOLUME AND PRICING - Co said higher volumes and effective pricing drove sales growth across all segments

ACQUISITIONS - Recent acquisitions contributed to sales growth, especially in Water Systems

FAVORABLE FOREIGN EXCHANGE - Co cited favorable foreign exchange as a factor in Water Systems sales growth

Company press release: ID:nGNX2szTH9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$500.40 mln
$479.21 mln (5 Analysts)
Q1 EPS
$0.77
Q1 Operating income
$48.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Franklin Electric Co Inc is $113.50, about 9.7% above its April 27 closing price of $103.50

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)