Franklin Electric Co., Inc. announced its financial results for the third quarter of 2026 on October 28, 2026. The company reported consolidated net sales of $633.6 million, representing a 9% increase compared to the same period in the prior year. This growth was driven by sales increases across all three of the company's segments: Water Systems (up 5%), Energy Systems (up 15%), and Distribution (up 15%).
For the quarter, the company reported GAAP fully diluted earnings per share (EPS) of $1.35, which is a 265% increase from the $0.37 reported in the third quarter of 2025. Adjusted diluted EPS was $1.50, an increase of 15% compared to the prior year. Operating income for the quarter was $86.5 million, with an operating margin of 13.7%. Adjusted operating income was $95.4 million.
Segment performance varied slightly. Water Systems operating income decreased by 2% to $58.9 million, while Distribution operating income increased by 26% to $20.6 million. Energy Systems operating income was $23.7 million, though the company noted acquisition-related costs and inventory markups impacted the reported figure.
Franklin Electric has updated its guidance for full year 2026. The company now expects net sales to be between $2.23 billion and $2.30 billion, with Adjusted Diluted EPS projected to range from $4.62 to $4.82.
