Franklin Electric Q4 2024 Earnings Report
Key Takeaways
Franklin Electric reported Q4 2024 net sales of $485.7 million, a 3% increase year-over-year. However, operating income declined to $43.0 million from $50.8 million in Q4 2023. GAAP EPS was $0.72, down from $0.82 in the prior year. The Energy Systems segment showed the highest growth, while Water Systems remained flat.
Q4 2024 net sales increased by 3% to $485.7 million.
Operating income declined to $43.0 million from $50.8 million in Q4 2023.
EPS was $0.72, down from $0.82 in the prior year.
Energy Systems segment posted a record operating income of $24.7 million.
Franklin Electric Revenue
Franklin Electric EPS
Franklin Electric Revenue by Segment
Franklin Electric Revenue by Geographic Location
Forward Guidance
Franklin Electric expects full-year 2025 revenue between $2.09 billion and $2.15 billion, with EPS ranging from $4.05 to $4.25.
Positive Outlook
- Anticipated revenue growth driven by recent acquisitions.
- Focus on margin expansion through productivity initiatives.
- Healthy balance sheet provides flexibility for strategic investments.
- Order trends improving as backlog normalizes.
- Continued growth expected in Energy Systems segment.
Challenges Ahead
- Macroeconomic pressures remain a headwind.
- Potential cost increases from supply chain disruptions.
- Lower profitability in Water Systems due to weaker dewatering pump sales.
- Distribution segment faces margin pressure despite revenue growth.
- Fluctuating foreign currency impact on international operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income