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FELE-News
FELE-Events
Franklin Electric Appoints Luciana Amaro as Chief Human Resources Officer
Franklin Electric (FELE) announced that Luciana Amaro has been appointed chief human resources officer. Amaro will report to Joe Ruzynski, CEO, and will lead the company's global human resources strategy. Most recently, she served as senior VP of human resources at Elanco (ELAN).
Franklin Electric Reports Q2 Revenue of $622.88M
Reports Q2 revenue $622.88M, consensus $605.93M. "In the second quarter, we delivered 6 percent year-over-year top-line growth, balanced between organic and inorganic contributions, along with 18 percent growth in adjusted EPS. With this strong performance and continued momentum in our core businesses, we are increasing both our revenue and EPS guidance for the year. These results reflect the progress of our organic volume growth initiatives - adding new customers, strengthening our channels, and investing in innovation across the highest-growth applications in the Water and Energy segments. We're seeing solid demand in areas such as dewatering for mining, pressure-boosting, and water treatment solutions in fast-growing regions," commented Joe Ruzynski, Franklin Electric's CEO.
Company Raises FY26 Revenue Outlook to $2.21B-$2.29B
Consensus $4.59. Raises FY26 revenue view to $2.21B-$2.29B from $2.17B-$2.24B, consensus $2.23B. "At the same time, we continue to manage closely the inflationary price pressures we're seeing in sourced materials and logistics lanes. Our global footprint and in-region manufacturing model help us serve critical water and energy needs reliably while maintaining the operational discipline that supports profitable growth and long-term value for our shareholders," concluded Ruzynski.
Franklin Electric Acquires Wood Bros. and Related Entities
A. Buchholtz & Company announced the sale of its client, Wood Bros. and related entities to Franklin Electric Co. Headquartered in Lincoln, Nebraska, Wood Bros. is a distributor of water treatment systems to wholesale and retail customers from its three locations in Lincoln, Phoenix, Arizona and Indianapolis, Indiana. The acquisition enhances Franklin Electric's Water Treatment business by adding synergistic distribution capabilities and expanding access to customers and markets. The related entities acquired include both Reverse Osmosis Superstore and Vistar Water Technologies, both of which provide customers with water treatment solutions online.
Franklin Electric Reports Q1 Revenue of $500.4M
Reports Q1 revenue $500.4M, consensus $479.19M. "Our teams delivered a strong start to 2026, with first quarter results in line with our expectations and reflecting solid execution across the business. Sales increased nearly 10 percent year-over-year, driven by higher volumes, effective pricing, and incremental contributions from acquisitions, while operating income and adjusted earnings grew meaningfully faster than revenue. We remain focused on driving profitable growth through our investment in innovation, focus on faster growing markets, disciplined pricing, and productivity initiatives, while continuing to enhance our global manufacturing footprint to better serve our customers," commented Joe Ruzynski, Franklin Electric's CEO.
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