Financial Data and Key Metrics Changes - The company achieved record third quarter performance with consolidated sales of $551.7 million, a 20% increase from $459 million in Q3 2021 [24] - Fully diluted earnings per share were $1.24 for Q3 2022, compared to $0.98 for Q3 2021 [23] - Consolidated operating income was $80 million, up 41% from $56.6 million in Q3 2021, with an operating income margin of 14.5% [37][38] Business Line Data and Key Metrics Changes - Water Systems segment reported a 12% revenue growth and a 25% increase in operating income, with an operating margin of 15.5% [11] - Distribution segment achieved record sales of $193.2 million, a 38% increase, and operating income of $19 million, up from $12.3 million [29] - Fueling Systems segment also reached record sales of $90.2 million, an 11% increase, with operating income growing to $28.6 million [30][33] Market Data and Key Metrics Changes - The backlog remains elevated at approximately $250 million, down $40 million from the previous quarter due to shipment progress and seasonality [8] - Organic growth in Water Systems outside the U.S. and Canada was 27%, driven by strong demand in Europe, the Middle East, and Africa [27] - Fueling Systems sales in India and EMEA increased, offsetting weaker sales in China [16][55] Company Strategy and Development Direction - The company is focused on reducing inventory levels and improving cash flow while navigating supply chain challenges [9] - Capital allocation strategy includes investments for growth and returning cash to shareholders through dividends and share repurchases [20] - The company aims to expand its product offerings, particularly in developing regions, to capitalize on strong global demand [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged inflationary pressures and geopolitical conflicts affecting supply chains but remains optimistic about long-term demand for water and fueling systems [18] - The company revised its full-year 2022 net sales guidance to between $2 billion and $2.1 billion, with earnings per share guidance adjusted to $4.08 - $4.18 [21] - Management expressed confidence in maintaining higher profitability in the distribution business despite potential seasonal fluctuations [44] Other Important Information - The effective tax rate for Q3 2022 was approximately 19%, with a projected full-year tax rate of about 21% [40] - A quarterly cash dividend of $0.195 was announced, payable on November 17 to shareholders of record on November 3 [40] Q&A Session Summary Question: Inquiry about distribution business profitability - Management indicated that distribution business profitability is expected to remain strong due to operating leverage, despite some mix-related challenges [42][44] Question: Comments on fueling business and project funnel - Management noted strong demand in fueling systems, with some indications of reduced capital deployment by marketers in 2023 [50] Question: Geographic variances in fueling sales - Management highlighted strong growth in India and EMEA, while sales in China have been weaker due to regulatory delays [52][55] Question: Variance between groundwater and surface pumping demand - Management explained that groundwater business has been strong due to dry conditions and demographic shifts, while surface pumping demand is driven by energy security investments [57][59] Question: Impact of water scarcity on business - Management stated that water scarcity is driving demand for larger and more efficient pumping systems, benefiting the company [81][84] Question: Inventory destocking cycle impact - Management acknowledged some destocking in the distribution business but emphasized strong demand and order visibility [86][88]

Investor Presentation 3Q‐2022 Gregg Sengstack, Chairperson and CEO Jeff Taylor, VP – Chief Financial Officer July 2022 | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

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 June 30, 2022 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 (Sta ...

Financial Data and Key Metrics Changes - The company reported record consolidated sales of $551.1 million for Q2 2022, a 26% increase from $437.3 million in Q2 2021, with organic growth contributing 23% [20] - Fully diluted earnings per share reached a record $1.26, compared to $0.83 in Q2 2021, reflecting significant growth [19] - Operating income for the quarter was also a record, with gross profit increasing to $189.3 million from $152.2 million year-over-year [30] Business Segment Data and Key Metrics Changes - Water Systems segment experienced a revenue growth of 26%, with operating income growth of 42% and an operating margin of 15.8% [9] - Fueling Systems reported a revenue growth of 19%, with operating income growth of 41% and an operating margin of 30.3% [13] - Distribution segment achieved a revenue growth of 32%, with operating income growth of 46% and an operating margin of 12.2% [15] Market Data and Key Metrics Changes - U.S. organic growth for Water Systems was 30%, while international growth was 23%, driven by strong demand in agriculture and water treatment [10] - The company noted strong demand across all markets, with a backlog of approximately $290 million remaining stable [6] Company Strategy and Development Direction - The company plans to continue investing in both organic and inorganic growth while returning cash to shareholders through dividends and share repurchases [16] - Management highlighted the importance of maintaining cost controls and improving operational efficiency to navigate inflationary pressures and supply chain challenges [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of the year, expecting continued strong demand and an improvement in supply chain conditions [18] - The company raised its full-year revenue guidance to between $2 billion and $2.15 billion, with earnings per share guidance updated to $4 to $4.20 [18] Other Important Information - The effective income tax rate for Q2 2022 was approximately 22%, with projections for the full year expected to be around 21% [35] - The company announced a quarterly cash dividend of $19.5 million, payable on August 18, 2022 [36] Q&A Session Summary Question: Organic growth across each of the three businesses - Management indicated that price was the larger driver of growth, with a general split of 60% price and 40% volume [39] Question: Price cost parity in Q2 - Management noted that they gained ground on the price versus cost equation in Q2, achieving some price cost parity [41] Question: Supply chain improvements - Management observed a positive trend in supply chain conditions, with past due orders beginning to decrease [43] Question: Trends in Water Systems - Management reported strong growth in groundwater and surface pumps, with ongoing challenges in supply for sub-sewage and affluent systems [48] Question: Gross margin outlook - Management expressed optimism for maintaining strong gross margins despite ongoing supply chain and inflation challenges [55] Question: Impact of monetary tightening on demand - Management acknowledged potential impacts from monetary tightening but emphasized the resilience of their installed base in the residential market [60] Question: Treatment business channel strategy - Management outlined a multichannel strategy for the treatment business, focusing on seamless customer transactions and partnerships with installers [72]

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, 2022 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 (St ...

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, 2021 OR o 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 (State o ...

Investor Presentation 4Q-2021 Gregg Sengstack, Chairperson and CEO Jeff Taylor, VP – Chief Financial Officer November 2021 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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, 2021 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 ...

Financial Data and Key Metrics Changes - The company reported fully diluted earnings per share (EPS) of $0.51 for Q4 2018, compared to $0.17 for Q4 2017, marking a significant increase [15] - Q4 2018 sales were $316.7 million, an increase of 10% from $288.2 million in Q4 2017, driven by both acquired entities and organic sales growth of about 9% [17] - The consolidated gross profit for Q4 2018 was $104.3 million, up from $94.6 million in Q4 2017, with a gross profit margin of 33% compared to 32.8% in the previous year [23] Business Line Data and Key Metrics Changes - Water Systems sales reached $196 million in Q4 2018, an increase of 8% from $181.5 million in Q4 2017, with organic sales up about 11% [18] - Fueling Systems sales were $75.9 million in Q4 2018, a 12% increase from $67.9 million in Q4 2017, with organic sales growth of about 10% [20] - Distribution segment sales were $56 million in Q4 2018, compared to $49.5 million in Q4 2017, but the segment recorded an operating loss of $2.9 million, worsening from a $2 million loss in Q4 2017 [22] Market Data and Key Metrics Changes - The Water Systems unit in the U.S. and Canada experienced organic growth of 23%, while international markets saw mid-to-upper single digits organic growth in Europe, Middle East, Africa, and Asia Pacific [5][7] - Latin America faced a 10% organic sales decline, primarily in Brazil, which negatively impacted overall performance [8] - The Fueling Systems team achieved approximately 60% revenue growth in China, indicating strong market demand [9] Company Strategy and Development Direction - The company aims to maintain momentum in North America and Europe for Water Systems and globally for Fueling Systems, while remaining cautious about developing regions [13] - The focus for 2019 includes tight expense control and expected organic growth in the mid-single digits, with operating income before restructuring projected to grow in double digits [13] - The company plans to enhance its distribution segment performance by selling a broader range of clean water pumping systems and wastewater products [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for continued growth in the Water Systems and Fueling Systems segments, despite challenges in emerging markets [13][50] - The company anticipates a higher effective tax rate in 2019, which may impact earnings per share growth [26] - Management noted that the fourth quarter is typically a challenging seasonal period, with expectations for improved performance in the second and third quarters of 2019 [38] Other Important Information - The company ended 2018 with a cash balance of $59.2 million, down $8 million from the end of 2017, due to higher debt repayments and stock repurchases [28] - A quarterly cash dividend of $0.145 per share was announced, representing a 21% increase from the previous dividend [30] Q&A Session Summary Question: Pricing actions and their impact - Management achieved price realization of about $8.5 million in Q4 2018, which helped offset raw material inflation and tariffs [31][32] Question: Distribution business profitability - Management expects meaningful profit growth in the distribution segment for 2019, with plans to improve performance through integration and operational efficiency [33][34] Question: Performance in emerging markets - Management remains cautious about emerging markets, particularly Brazil, but sees slow improvement [50][51] Question: Agricultural market outlook - The agricultural market is stable, with no significant catalysts for growth, but any upward movement in farm income could benefit the company [54]