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Franklin Electric Q1 2025 Earnings Report
Franklin Electric reported a decrease in consolidated net sales and operating income, with a slight dip in EPS for the first quarter of 2025.
Key Takeaways
Franklin Electric's first quarter 2025 results showed a slight decrease in consolidated net sales to $455.2 million and operating income to $44.1 million, with diluted EPS at $0.67. Energy Systems saw an 8% increase in sales, offsetting declines in Distribution, while Water Systems remained relatively flat.
Consolidated net sales decreased by 1% to $455.2 million compared to the prior year.
Energy Systems net sales increased by 8%, while Water Systems net sales were up less than 1%, and Distribution net sales declined by 3%.
Operating income was $44.1 million, resulting in an operating margin of 9.7%.
GAAP fully diluted earnings per share (EPS) was $0.67.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Franklin Electric is maintaining its full-year 2025 sales guidance in the range of $2.09 billion to $2.15 billion, but has reduced the low end of its earnings guidance, now expecting full-year 2025 EPS to be in the range of $3.95 to $4.25.
Positive Outlook
- Order trends remain positive, supporting a robust backlog for the second quarter.
- Strong performance in the Energy Systems segment helped offset unfavorable weather impacts on the Distribution business.
- Continued investment in growth through two acquisitions, aligning with the value creation framework.
- Confidence in competitive position with strong brands, leading service, and a healthy operating footprint.
- Commitment to executing strategic priorities.
Challenges Ahead
- Unfavorable weather impacting the Distribution business.
- One-time expenses associated with executive transition presented earnings headwinds.
- Recent acquisitions presented earnings headwinds.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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