Franklin Electric Co Inc (FELE) financial statements: income statement, balance sheet and cash flow
Franklin Electric Co Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Franklin Electric Co Inc reported revenue of $2.1B (+5.4% year on year) and net income of $148.7M (-18.1% year on year).
Income statement
Franklin Electric Co Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue from Contract with Customer, Excluding Assessed Tax
$2.1B
$2.0B
$2.1B
$2.0B
Cost of sales
$1.4B
$1.3B
$1.4B
$1.4B
Gross profit
$755.9M
$717.3M
$697.0M
$691.4M
Selling, general, and administrative expenses
$486.2M
$470.1M
$433.5M
$432.1M
Restructuring expense
$716.0K
$3.5M
$1.1M
$2.2M
Operating income
$269.0M
$243.6M
$262.4M
$257.2M
Interest expense
($10.6M)
($6.3M)
($11.8M)
($11.5M)
Other income, net
$585.0K
$1.3M
$3.7M
($3.2M)
Foreign exchange expense, net
($9.3M)
($6.8M)
($12.1M)
($7.2M)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component
($54.9M)
—
—
—
Income before income taxes
$194.7M
$231.8M
$242.2M
$235.2M
Income tax expense
$46.0M
$50.2M
$47.5M
$46.4M
Net income
$148.7M
$181.6M
$194.7M
$188.8M
Less: Net income attributable to noncontrolling interests
($1.6M)
($1.3M)
($1.5M)
($1.5M)
Net income attributable to Franklin Electric Co., Inc.
$147.1M
$180.3M
$193.3M
$187.3M
Basic
$3.25
$3.92
$4.17
$4.02
Diluted
$3.22
$3.86
$4.11
$3.97
Franklin Electric Co Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$622.9M
$500.4M
$581.7M
$587.4M
Cost of sales
$392.3M
$325.5M
$373.0M
$375.6M
Gross profit
$230.6M
$175.0M
$208.7M
$211.8M
Selling, general, and administrative expenses
$132.1M
$123.0M
$123.5M
$123.5M
Restructuring expense
$406.0K
$3.9M
$112.0K
$164.0K
Litigation Settlement, Loss
$4.5M
—
—
—
Operating income
$93.6M
$48.1M
$85.1M
$88.1M
Interest expense
($3.5M)
($2.3M)
($3.5M)
($2.8M)
Other income/(expense), net
$1.3M
($374.0K)
($165.0K)
($164.0K)
Foreign exchange expense, net
($2.5M)
$375.0K
($2.7M)
($4.5M)
Income before income taxes
$88.9M
$45.8M
$23.5M
$80.6M
Income tax expense
$22.8M
$11.1M
$6.3M
$20.1M
Net income
$66.1M
$34.7M
$17.2M
$60.6M
Less: Net income attributable to noncontrolling interests
($359.0K)
($365.0K)
($466.0K)
($423.0K)
Net income attributable to Franklin Electric Co., Inc.
$65.7M
$34.3M
$16.7M
$60.1M
Basic
$1.48
$0.77
$0.37
$1.32
Diluted
$1.46
$0.77
$0.37
$1.31
Balance sheet
Franklin Electric Co Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$99.7M
$220.5M
$85.0M
$45.8M
Receivables, less allowances of $3,821 and $3,547, respectively
$247.5M
$226.8M
$222.4M
$230.4M
Raw material
$189.4M
$160.9M
$176.7M
$196.9M
Work-in-process
$27.8M
$25.0M
$26.9M
$30.3M
Finished goods
$335.9M
$298.0M
$305.1M
$317.8M
Total inventories
$553.0M
$483.9M
$508.7M
$545.0M
Other current assets
$58.5M
$33.0M
$37.7M
$36.9M
Total current assets
$958.6M
$964.2M
$853.8M
$858.1M
Land and buildings
$179.7M
$161.9M
$167.0M
$159.3M
Machinery and equipment
$354.8M
$316.5M
$316.2M
$297.5M
Furniture and fixtures
$63.6M
$58.3M
$57.0M
$50.3M
Other
$79.2M
$67.0M
$59.7M
$50.2M
Property, plant, and equipment, gross
$677.3M
$603.6M
$600.0M
$557.3M
Less: Allowance for depreciation
($425.1M)
($380.1M)
($370.3M)
($342.1M)
Property, plant, and equipment, net
$252.2M
$223.6M
$229.7M
$215.2M
Lease right-of-use assets, net
$67.9M
$62.6M
$57.0M
$48.9M
Deferred income taxes
$6.6M
$8.2M
$8.8M
$6.8M
Intangible assets, net
$251.7M
$213.0M
$230.0M
$231.3M
Goodwill
$398.1M
$338.5M
$342.4M
$328.0M
Other assets
$9.3M
$10.5M
$6.4M
$5.9M
Total assets
$1.9B
$1.8B
$1.7B
$1.7B
Accounts payable
$175.0M
$157.0M
$152.4M
$139.3M
Accrued expenses and other current liabilities
$108.0M
$119.8M
$100.2M
$120.6M
Current lease liability
$20.5M
$18.9M
$17.3M
$16.0M
Income taxes
$8.8M
$20.2M
$4.7M
$3.2M
Current maturities of long-term debt and short-term borrowings
$31.8M
$117.8M
$12.4M
$126.8M
Total current liabilities
$344.0M
$433.7M
$287.0M
$405.8M
Long-term debt
$135.2M
$11.6M
$88.1M
$89.3M
Long-term lease liability
$46.5M
$43.3M
$38.5M
$32.9M
Deferred income taxes
$39.3M
$10.2M
$29.5M
$29.7M
Employee benefit plans
$22.8M
$29.8M
$36.0M
$31.9M
Other long-term liabilities
$29.5M
$22.1M
$33.9M
$25.2M
Redeemable noncontrolling interest
$1.7M
$1.2M
$1.1M
$620.0K
Common stock (65,000 shares authorized, $0.10 par value) outstanding (44,178 and 45,716, respectively)
4.4M
4.6M
4.6M
4.6M
Additional paid-in capital
$391.5M
$364.0M
$344.7M
$325.4M
Retained earnings
$1.1B
$1.2B
$1.1B
$969.3M
Accumulated other comprehensive loss
($157.5M)
($254.0M)
($221.1M)
($231.4M)
Total shareholders’ equity
$1.3B
$1.3B
$1.2B
$1.1B
Noncontrolling interest
$2.8M
$2.5M
$2.4M
$2.3M
Total equity
$1.3B
$1.3B
$1.2B
$1.1B
Total liabilities and equity
$1.9B
$1.8B
$1.7B
$1.7B
Allowance for doubtful accounts
$3.8M
$3.5M
—
—
Common shares, outstanding
44.2M
45.7M
—
—
Common shares, par value (in dollars per share)
$0.10
$0.10
—
—
Common Stock, Shares Authorized
65.0M
65.0M
—
—
Franklin Electric Co Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$97.3M
$80.4M
$102.9M
$104.6M
Receivables, less allowances of $3,260 and $3,821, respectively
$352.5M
$297.9M
$291.2M
$315.3M
Raw material
$206.4M
$199.4M
$191.8M
$189.7M
Work-in-process
$33.5M
$31.0M
$27.7M
$29.1M
Finished goods
$357.8M
$352.9M
$349.7M
$354.8M
Total inventories
$597.7M
$583.2M
$569.2M
$573.6M
Other current assets
$49.4M
$53.8M
$53.5M
$43.0M
Total current assets
$1.1B
$1.0B
$1.0B
$1.0B
Land and buildings
$189.7M
$181.9M
$178.2M
$177.7M
Machinery and equipment
$360.7M
$354.3M
$348.5M
$342.4M
Furniture and fixtures
$62.2M
$60.8M
$62.8M
$62.4M
Other
$78.7M
$81.2M
$74.1M
$70.5M
Property, plant, and equipment, gross
$691.2M
$678.2M
$663.5M
$653.0M
Less: Allowance for depreciation
($435.2M)
($426.2M)
($418.2M)
($411.8M)
Property, plant, and equipment, net
$256.1M
$252.1M
$245.3M
$241.2M
Lease right-of-use assets, net
$66.6M
$67.4M
$66.9M
$61.9M
Deferred income taxes
$7.1M
$7.0M
$8.8M
$8.2M
Intangible assets, net
$281.0M
$247.2M
$253.2M
$257.5M
Goodwill
$432.1M
$399.6M
$398.4M
$396.0M
Other assets
$11.1M
$8.0M
$8.0M
$16.6M
Total assets
$2.2B
$2.0B
$2.0B
$2.0B
Accounts payable
$206.2M
$174.1M
$185.8M
$206.9M
Accrued expenses and other current liabilities
$109.7M
$87.7M
$111.3M
$100.7M
Current lease liability
$19.6M
$20.3M
$19.8M
$19.4M
Income taxes
$11.8M
$7.8M
$14.8M
$6.9M
Current maturities of long-term debt and short-term borrowings
$108.5M
$89.8M
$69.1M
$270.2M
Total current liabilities
$455.8M
$379.7M
$400.8M
$604.1M
Long-term debt
$134.3M
$134.4M
$135.2M
$14.5M
Long-term lease liability
$45.9M
$46.0M
$46.6M
$42.2M
Deferred income taxes
$49.8M
$40.8M
$32.4M
$33.0M
Employee benefit plans
$18.5M
$22.5M
$31.7M
$31.5M
Other long-term liabilities
$35.0M
$28.5M
$27.6M
$26.0M
Redeemable noncontrolling interest
$1.8M
$1.9M
$1.6M
$1.5M
Common stock (65,000 shares authorized, $.10 par value) outstanding (44,214 and 44,178, respectively)
4.4M
4.4M
4.5M
4.4M
Additional paid-in capital
$404.5M
$398.1M
$386.8M
$383.4M
Retained earnings
$1.1B
$1.1B
$1.1B
$1.1B
Accumulated other comprehensive loss
($143.8M)
($155.5M)
($166.6M)
($214.4M)
Total shareholders' equity
$1.4B
$1.3B
$1.3B
$1.3B
Noncontrolling interest
$2.1M
$2.9M
$3.5M
$3.2M
Total equity
$1.4B
$1.3B
$1.3B
$1.3B
Total liabilities and equity
$2.2B
$2.0B
$2.0B
$2.0B
Cash flow statement
Franklin Electric Co Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$148.7M
$181.6M
$194.7M
$188.8M
Depreciation and amortization
$62.9M
$56.1M
$52.3M
$50.4M
Pension settlement loss, net of tax
($41.5M)
—
—
—
Non-cash lease expense
$22.5M
$21.4M
$18.9M
$17.4M
Share-based compensation
$13.2M
$12.1M
$10.1M
$11.0M
Deferred income taxes
($7.6M)
($19.6M)
($1.6M)
($1.2M)
Gain on disposals of plant and equipment
($2.1M)
($497.0K)
($256.0K)
$1.3M
Foreign exchange expense, net
$9.3M
$6.8M
$12.1M
$7.2M
Receivables
$11.4M
($17.0M)
$19.1M
($44.8M)
Inventory
($26.2M)
$10.9M
$48.2M
($101.1M)
Accounts payable and accrued expenses
($12.8M)
$15.3M
($23.1M)
($12.3M)
Operating leases
$22.9M
$21.1M
$18.9M
$17.4M
Income taxes
($5.2M)
$15.8M
($1.5M)
($679.0K)
Income taxes-U.S. Tax Cuts and Jobs Act
($4.8M)
($3.9M)
($2.9M)
($355.0K)
Employee benefit plans
($4.7M)
$466.0K
$1.5M
$3.5M
Other, net
$15.8M
$3.1M
$7.1M
($66.0K)
Net cash flows from operating activities
$238.9M
$261.4M
$315.7M
$101.7M
Additions to property, plant, and equipment
($45.3M)
($41.7M)
($41.4M)
($41.9M)
Proceeds from sale of property, plant, and equipment
$2.9M
$1.2M
$1.5M
$6.0K
Cash paid for acquisitions, net of cash acquired
($114.7M)
($5.2M)
($34.8M)
($1.2M)
Other, net
$20.0K
$73.0K
$463.0K
$9.0K
Net cash flows from investing activities
($157.1M)
($45.6M)
($74.3M)
($43.1M)
Proceeds from issuance of debt
$600.2M
$309.7M
$443.2M
$477.6M
Repayments of debt
($581.5M)
($280.5M)
($558.7M)
($448.6M)
Payment of debt issuance costs
($974.0K)
—
—
—
Proceeds from issuance of common stock
$5.3M
$7.2M
$9.2M
$3.9M
Purchases of common stock
($165.6M)
($61.0M)
($43.3M)
($40.5M)
Dividends paid
($50.0M)
($46.9M)
($41.7M)
($37.0M)
Deferred payments for acquisitions
($4.7M)
($2.6M)
($802.0K)
($3.8M)
Net cash flows from financing activities
($197.3M)
($74.1M)
($192.2M)
($48.5M)
Effect of exchange rate changes on cash and cash equivalents
($5.3M)
($6.1M)
($10.1M)
($4.9M)
Net change in cash and cash equivalents
($120.9M)
$135.6M
$39.2M
$5.3M
Cash and cash equivalents at beginning of period
$220.5M
$85.0M
$45.8M
$40.5M
Cash and cash equivalents at end of period
$99.7M
$220.5M
$85.0M
$45.8M
Cash paid for income taxes, net of refunds
$76.7M
$58.0M
$55.1M
$48.3M
Cash paid for interest
$9.8M
$6.4M
$12.1M
$11.2M
Additions to property, plant, and equipment, not yet paid
$628.0K
$1.7M
$2.2M
$628.0K
Lease right-of-use assets obtained in exchange for new operating lease liabilities
$26.9M
$30.8M
$25.9M
$17.6M
Payable to sellers of acquired entities
$2.2M
$1.8M
$7.0M
$354.0K
Issuance of common stock - deferred Board of Director compensation
$9.1M
—
—
—
Non-cash investment to acquire property in lieu of cash payment for products provided
$0
$0
$419.0K
—
Accrued dividends payable to noncontrolling interests
$0
$961.0K
$821.0K
—
Franklin Electric Co Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$100.8M
$34.7M
$109.1M
$91.9M
Depreciation and amortization
$33.9M
$16.5M
$46.3M
$30.2M
Non-cash lease expense
$10.8M
$5.6M
$16.3M
$10.7M
Share-based compensation
$7.7M
$3.6M
$10.3M
$8.0M
Deferred income taxes
($2.2M)
($478.0K)
($2.3M)
($890.0K)
Gain on disposals of plant and equipment
($943.0K)
($138.0K)
($2.0M)
($442.0K)
Foreign exchange (income)/expense
$2.1M
($375.0K)
$8.5M
$5.8M
Receivables
($98.8M)
($49.6M)
($34.7M)
($61.5M)
Inventory
($30.8M)
($28.9M)
($45.0M)
($49.2M)
Accounts payable and accrued expenses
$37.9M
($18.3M)
$873.0K
$11.5M
Operating leases
($11.0M)
($5.7M)
($16.3M)
($10.5M)
Income taxes
$11.2M
$4.8M
($3.9M)
($11.6M)
Income taxes-U.S. Tax Cuts and Jobs Act
$0
—
($4.8M)
($4.8M)
Employee benefit plans
($4.9M)
($199.0K)
$60.0K
($143.0K)
Other, net
$2.9M
($2.5M)
$10.6M
$13.0M
Net cash flows from operating activities
$58.7M
($40.9M)
$134.7M
$32.0M
Additions to property, plant, and equipment
($20.4M)
($9.5M)
($29.8M)
($18.4M)
Proceeds from sale of property, plant, and equipment
$1.3M
$351.0K
$2.6M
$727.0K
Cash paid for acquisitions, net of cash acquired
($71.9M)
($430.0K)
($109.9M)
($109.7M)
Other, net
$39.0K
$20.0K
$73.0K
$54.0K
Net cash flows from investing activities
($90.9M)
($9.5M)
($137.1M)
($127.3M)
Proceeds from issuance of debt
$251.6M
$123.2M
$492.9M
$269.5M
Repayments of debt
($175.7M)
($66.0M)
($437.2M)
($134.6M)
Payments of Debt Issuance Costs
$0
—
($974.0K)
($974.0K)
Proceeds from issuance of common stock
$5.1M
$2.7M
$4.0M
$3.0M
Purchases of common stock
($18.3M)
($13.2M)
($129.4M)
($129.3M)
Dividends paid
($24.9M)
($12.4M)
($37.2M)
($25.3M)
Deferred Payments for Acquisitions
($1.7M)
($1.7M)
($4.3M)
($4.3M)
Net cash flows from financing activities
$36.1M
$32.6M
($112.2M)
($22.1M)
Effect of exchange rate changes on cash and cash equivalents