FORT WAYNE, Ind., July 22, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable August 15, 2024, to shareholders of record on August 1, 2024. Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world i ...

| --- | --- | --- | --- | |-------------------|----------------------------------------|-------|-------| | | | | | | | | | | | ATTRIBUTE | DETAILS | | | | Study period | 2020-2030 | | | | Base year | 2023 | | | | Estimated year | 2024 | | | | Forecasted year | 2023-2030 | | | | Historical period | 2019-2023 | | | | Unit | Value (USD Billion) (Thousand Units) | | | | Segmentation | By Type, By Application, and By Region | | | | | Submersible Pumps | | | | By Type | Centrifugal Pumps | | | | | Rotary Pumps | ...

Core Insights - Franklin Electric Co., Inc. has appointed Joe Ruzynski as the new Chief Executive Officer, effective July 1, 2024, succeeding Gregg Sengstack, who will remain as Executive Chairperson [1][3]. Leadership Transition - Joe Ruzynski brings over 25 years of experience in the industrial and electrical sectors, previously serving as President of the Enclosures Segment at nVent Electric plc and holding various leadership roles at Pentair plc [2]. - Gregg Sengstack has led Franklin Electric since 2014 and has been pivotal in transforming the company into a global leader in water and energy systems, achieving record revenues and expanding its global footprint [4]. Company Overview - 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, industrial, municipal, and fueling applications [5]. - The company has received accolades such as being listed in Newsweek's America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as being recognized as one of the Best Places to Work in Indiana 2024 [5].

☐ 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. 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 March 31, 2024 OR (Exact name of registrant as specified in its charter) Indiana 35-0827455 (State or oth ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE DISTRIBUTION Distribution net sales were $147.0 million, an increase of $4.0 million or 3 percent compared to the first quarter 2023. Sales increases were driven by higher volumes and the sales from a recent acquisition, partially offset by unfavorable pricing of commodity-based products sold through the business. The Distribution segment operating income decreased to $1.8 million in the first quarter 2024 compared to first quarter 2023 operating income of $4.7 millio ...

First Quarter 2024 Highlights Consolidated net sales of $460.9 million, a decrease of 5% to the prior yearDistribution net sales increased 3%, while Water Systems and Fueling Systems net sales decreased 7% and 15%, respectivelyOperating income was $47.9 million with operating margin of 10.4%GAAP fully diluted earnings per share (EPS) was $0.70 FORT WAYNE, Ind., April 30, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2024. First quart ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Franklin Electric (FELE) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact 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, which is expected to be released on April 30. ...

FORT WAYNE, Ind., April 16, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its first quarter 2024 earnings at 8:00 am ET on Tuesday, April 30, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The first quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/np8yrgn4 For those interested in participating in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K _________ ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Indiana 35-0827455 (State or other jurisdiction of incorporation or organization) 9255 Coverdale Road Fort Wayne, Indiana 46809 (Address of principal executive offices) (Zip Code) OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...

Fourth Quarter 2023 Highlights Consolidated net sales of $473.0 million, a decrease of 3% to the prior yearWater Systems and Distribution net sales decreased by 1% each, while Fueling Systems net sales decreased 23%Operating income was $50.8 million with operating margin of 10.7%GAAP fully diluted earnings per share (EPS) was $0.82 Full Year 2023 Highlights Full Year record net sales of $2.1 billion, an increase of 1% over the prior yearWater Systems and Distribution both set new net sales records with incr ...