Franklin Electric(FELE) - 2024 Q3 - Quarterly Results

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS THIRD QUARTER 2024 RESULTS Third Quarter 2024 Highlights • Consolidated net sales of $531.4 million, a decrease of 1% to the prior year • Water Systems and Distribution net sales increased 2% and 1%, respectively, while Fueling Systems net sales decreased 10% • Operating income was $73.5 million with operating margin of 13.8% • GAAP fully diluted earnings per share (EPS) was $1.17 Fort Wayne, IN – October 29, 2024 – Franklin Elec ...