Financial Data and Key Metrics Changes - Consolidated fourth quarter sales totaled $486 million, up 3% year-over-year [11][26] - Operating margins for the quarter were 9%, down from the prior year due to global FX headwinds and restructuring charges [12][29] - Fully diluted earnings per share were $0.72 for Q4 2024, compared to $0.82 for Q4 2023 [25] - Consolidated gross profit was $164.2 million for Q4 2024, a 3% year-over-year increase [27] - The effective tax rate was 15.8% for the quarter, down from 17.6% in the prior year [36] Business Line Data and Key Metrics Changes - Water systems segment delivered flat sales for Q4 compared to the prior year, with groundwater sales up year-over-year [17][18] - Energy systems segment sales for Q4 were up mid-single digits, driven by favorable pricing and higher volumes [21] - Distribution segment grew mid-single digits in Q4, with sales impacted by commodity pricing pressure [23][33] - Water systems operating income was $35.6 million, down $8.5 million versus Q4 2023 [32] - Energy systems operating income was $24.7 million, compared to $19.4 million in Q4 2023, with an operating income margin of 35.9% [35] Market Data and Key Metrics Changes - Growth in Europe, Latin America, and APAC regions remained strong throughout the year [15] - Foreign currency translations presented headwinds, with a projected impact of $15 to $20 million in 2025 [16][112] - The water systems segment saw robust performance outside the US, with challenges in Argentina due to currency devaluation [18][31] Company Strategy and Development Direction - The company transitioned the name of its fueling systems segment to energy systems to better align with its current business focus [9][10] - The company is focused on strategic acquisitions to strengthen its portfolio, with a robust pipeline for future growth [47][56] - The company aims to leverage its global network to deliver innovative solutions and enhance operational efficiency [42][43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, citing improved order volumes and a favorable book-to-bill ratio [8][16] - The company expects full-year 2025 sales to be in the range of $2.09 billion to $2.15 billion [39] - Management acknowledged challenges in the housing market and interest rates but remains focused on capturing growth opportunities [106][107] Other Important Information - The company announced a 6% increase in the quarterly cash dividend, marking the 33rd consecutive year of dividend increases [38] - The company completed a strategic acquisition in Australia and signed a definitive agreement for a company in Latin America [19][20] Q&A Session Summary Question: Insights on groundwater business in residential and agricultural markets - Management expects the market to be similar to 2024, with stable replacement demand in the groundwater business [62][63] Question: Thoughts on tariff impacts - Management has a dedicated team to understand tariff changes and is prepared to manage pricing and supply chain adjustments [68][70] Question: Growth rates for energy systems revenue - Recent growth in critical asset monitoring and grid solutions is expected to improve in 2025 after a slower 2024 [80][84] Question: Strategic fit of the Barnes acquisition - The Barnes acquisition complements existing products and enhances the company's position in the Latin America market [88][90] Question: Guidance on growth composition and FX impact - FX is expected to be a headwind of $15 to $20 million, with organic growth projected at 1% to 4% [112][113]

Q4 2024 Earnings Presentation February 2025 Safe Harbor Statement "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company's financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, ri ...

Franklin Electric (FELE) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this water and fuel pumping systems company would post earnings of $1.30 per share when it actually produced earnings of $1.17, delivering a surprise of -10%.Over the la ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS FOURTH QUARTER 2024 AND FULL YEAR 2024 RESULTS Fourth Quarter 2024 Highlights Full Year 2024 Highlights Fort Wayne, IN – February 18, 2025 – Franklin Electric Co., Inc. today announced its fourth quarter and full year financial results for fiscal year 2024. Full year 2024 net sales were $2.0 billion, compared to full year 2023 net sales of $2.1 billion. Full year 2024 operating income was $243.6 million, compared to full year 202 ...

Fourth Quarter 2024 Highlights Consolidated net sales of $485.7 million, an increase of 3% to the prior yearEnergy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flatOperating income was $43.0 million with operating margin of 8.9%GAAP fully diluted earnings per share (EPS) was $0.72 Full Year 2024 Highlights Consolidated net sales of $2.0 billion, a decrease of 2% to the prior yearDistribution net sales increased 2%, while Water Systems and Energy Sy ...

Strategic Acquisition to Enhance Growth in Latin AmericaFORT WAYNE, Ind., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) Fort Wayne, Indiana, USA-based Franklin has signed a definitive agreement to acquire Barnes de Colombia S.A., a leading manufacturer and distributor of industrial and commercial pumps based in Cota, Cundinamarca, Colombia. This acquisition aligns with Franklin Electric's long-term growth and diversification goals, providing significant opportunities for expan ...

The market expects Franklin Electric (FELE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they ...

Group 1 - Franklin Electric Co., Inc. will release its fourth quarter and fiscal year 2024 earnings on February 18, 2025, at 8:00 am ET [1] - A conference call to discuss the earnings and business developments will start at 9:00 am ET on the same day, available via a live webcast [1] - Participants interested in the Q&A portion of the call must register in advance to receive dial-in information and a PIN [3] Group 2 - A replay of the conference call will be accessible from February 18, 2025, through February 25, 2025 [4] - Franklin Electric is recognized as a global leader in the production and marketing of systems and components for the movement of water and energy, serving various sectors including residential, commercial, agricultural, and industrial [5] - The company has been acknowledged in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as America's Climate Leaders 2024 by USA Today [5]

FORT WAYNE, Ind., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable February 20, 2025, to shareholders of record on February 6, 2025. This represents a 6 percent increase from the prior quarterly dividend. This dividend will mark the 33rd consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and conf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________ FORM 10-Q _________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 0-362 FRANKLIN ELECTRIC CO., INC. (Exact name of registrant as specified in its charter) Indiana 35-0827455 ...