Core Insights - Franklin Electric Co., Inc. has appointed Daniela Williams as the new Chief Human Resources Officer (CHRO), who brings extensive experience in driving growth for global organizations [1][2][3] Company Overview - Franklin Electric is 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 [4] - The company has received multiple recognitions, including being listed in Newsweek's America's Most Responsible Companies 2024 and USA Today's America's Climate Leaders 2024 [4] Leadership and Strategy - In her role, Williams will set the strategic direction for talent acquisition and management, overseeing employee relations, compensation, benefits, development, and compliance [2] - Williams has a strong background in HR technology, talent development, and global workforce strategy, which will be critical for Franklin Electric's future growth initiatives [3] - Williams previously led HR functions and global talent acquisition at Visteon Corporation, where she also initiated a Women's Leadership Program [3][4] Commitment to Growth - Williams emphasized her focus on supporting decisions that contribute to growth, profitability, and long-term success, aligning with Franklin Electric's dedication to fostering talent [4]

Core Points - Franklin Electric Co., Inc. has successfully completed a stock purchase transaction involving 1,200,000 shares at a price of $86.78 per share, reflecting the volume-weighted average price over the preceding five trading days [1] - The transaction was made to provide liquidity for the estate of Patricia Schaefer, who recently passed away, and demonstrates the company's confidence in its financial health and future prospects [2] - The Board of Directors has approved an increase in the company's share repurchase authorization by 1,200,000 shares, allowing for a total of 1,126,635 shares to be repurchased post-transaction [2] Company Overview - Franklin Electric is 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 [3] - The company has received recognition in multiple categories, including Newsweek's lists of America's Most Responsible Companies 2024 and Greenest Companies 2025, as well as being named one of the Best Places to Work in Indiana 2024 [3]

FORT WAYNE, Ind., May 08, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Franklin Electric Co., Inc. (NASDAQ: FELE) has elected Jennifer L. Sherman, President and Chief Executive Officer of Federal Signal Corporation, as Chairperson effective as of May 2, 2025 for a term expiring at the 2026 Annual Meeting of Shareholders. Ms. Sherman has been a Director of the Company since 2015. Joe Ruzynski, the Company’s Chief Executive Officer, commented: “I want to congratulate Jennifer on her election as Chairper ...

Core Insights - Franklin Electric Co., Inc. reported first quarter 2025 net sales of $455.2 million, a decrease of 1% compared to $460.9 million in the first quarter of 2024 [10] - The company's operating income for the first quarter 2025 was $44.1 million, down from $47.9 million in the same period last year [10] - Earnings per share (EPS) for the first quarter 2025 was $0.67, compared to $0.70 in the first quarter 2024 [10] Financial Performance - First quarter 2025 net sales were $455.2 million, a decrease of $5.7 million or 1% from the prior year [10][22] - Operating income was $44.1 million, with an operating margin of 9.7% [10][24] - Net income attributable to Franklin Electric was $30.962 million, down from $32.959 million in the first quarter 2024 [17] Segment Performance - Water Systems net sales were $287.3 million, an increase of $0.7 million or less than 1% compared to the first quarter of 2024 [4] - Distribution segment net sales decreased by $5.1 million or 3% to $141.9 million due to lower volumes and negative pricing [5] - Energy Systems net sales increased by $4.7 million or 8% to $66.8 million, driven by higher volumes and price realization [6] Cash Flow and Guidance - Net cash flows used in operating activities for the first quarter of 2025 were $19.5 million, compared to $1.4 million in the same period in 2024 [7] - The company maintains its full-year 2025 sales guidance in the range of $2.09 billion to $2.15 billion and has adjusted its EPS guidance to a range of $3.95 to $4.25 [8] Strategic Initiatives - The company completed two acquisitions during the quarter, aligning with its value creation framework [3] - CEO Joe Ruzynski highlighted the positive order trends and robust backlog entering the second quarter, despite challenges in the Distribution business due to unfavorable weather [2]

About Franklin Electric 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 in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024 and Americ ...