Franklin Electric Co., Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC, reporting third-quarter net sales of $633.6 million and nine-month diluted earnings per share of $3.58.

Key Highlights

  • Third-quarter net sales: $633,615 thousand, up from $581,714 thousand in the third quarter of 2025, according to the filing.
  • Third-quarter net income attributable to Franklin Electric: $60,649 thousand, compared with $16,738 thousand in the prior-year period, which included a $55,251 thousand pension settlement loss.
  • Nine-month diluted EPS: $3.58, versus $2.35 for the nine months ended September 30, 2025.
  • Total assets: $2,638,731 thousand as of September 30, 2026, compared with $1,944,385 thousand as of December 31, 2025.
  • Goodwill and intangible assets: Goodwill increased to $602,942 thousand and intangible assets, net, rose to $424,977 thousand from $398,127 thousand and $251,692 thousand, respectively, at year-end 2025.
  • Shares outstanding: 44,170,452 shares of common stock as of October 22, 2026.
  • Legal settlement loss: A $4,512 thousand legal settlement loss was recorded in the nine months ended September 30, 2026, with no comparable charge in the prior-year period.

Franklin Electric's Third-Quarter and Nine-Month 2026 Financial Results

Franklin Electric Co., Inc. (NASDAQ:FELE), headquartered in Fort Wayne, Indiana, reported net sales of $633,615 thousand for the third quarter ended September 30, 2026, an increase from $581,714 thousand in the same quarter of 2025, according to the filing. Gross profit for the quarter was $224,033 thousand, compared with $208,704 thousand a year earlier. Operating income reached $86,514 thousand for the third quarter, up from $85,118 thousand in the prior-year period. Net income attributable to Franklin Electric for the third quarter was $60,649 thousand, or $1.35 per diluted share, versus $16,738 thousand, or $0.37 per diluted share, in the third quarter of 2025, which the filing shows was reduced by a $55,251 thousand pension settlement loss.

For the nine months ended September 30, 2026, the company reported net sales of $1,756,932 thousand, compared with $1,624,395 thousand in the same period of 2025. Nine-month operating income was $228,198 thousand, and net income attributable to Franklin Electric was $160,721 thousand, or $3.58 per diluted share, up from $107,840 thousand, or $2.35 per diluted share, in the prior-year nine-month period. The filing also notes restructuring expense of $4,548 thousand and a legal settlement loss of $4,512 thousand recorded in the nine months ended September 30, 2026, with no comparable legal settlement loss in 2025.

As of September 30, 2026, total assets stood at $2,638,731 thousand, up from $1,944,385 thousand at December 31, 2025. The increase reflects, among other items, growth in goodwill to $602,942 thousand from $398,127 thousand and in intangible assets, net, to $424,977 thousand from $251,692 thousand. Long-term debt rose to $433,463 thousand from $135,184 thousand over the same period. Cash and cash equivalents were $159,103 thousand at September 30, 2026, versus $99,662 thousand at December 31, 2025. Net cash flows from operating activities for the nine months ended September 30, 2026, were $139,198 thousand, compared with $134,687 thousand in the prior-year period.

What Was Disclosed

Franklin Electric filed its quarterly report covering the period ended September 30, 2026, disclosing income statement, balance sheet, and cash flow data for the third quarter and first nine months of 2026 and 2025, along with share count, debt levels, and certain legal and restructuring charges.