☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ (Registrant's telephone number, including area code) Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 1 ...

Franklin Electric (FELE) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items. Franklin Electric, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $543.26 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.86%. This compares to year-ago revenues of $569.18 million. The company ha ...

Consolidated net sales of $543.3 million, a decrease of 5% to the prior year, with lower sales across all three segments Operating income was $79.1 million with operating margin of 14.6% GAAP fully diluted earnings per share (EPS) was $1.26 Second quarter 2024 net sales were $543.3 million, compared to second quarter 2023 net sales of $569.1 million. Second quarter 2024 operating income was $79.1 million, compared to second quarter 2023 operating income of $80.9 million. Second quarter 2024 EPS was $1.26, v ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|----------|-------------------------------------|----------------------|------------------------------------|-------|------------------------------------------------|-------|---------------------------------------| | Net sales | June \n$ | Second \n 30, 2024 \n543,258 | Quarter \nJune \n$ | Ended \n 30, 2023 \n569,181 | $ | Six Months \nJune 30, 2024 \n1,004,158 | \n$ | Ended \nJu ...

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 ...

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 ...