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Noticias de FELE
Eventos de FELE
Franklin Electric Raises FY26 Revenue Outlook to $2.23B
Consensus $4.66. Raises FY26 revenue view to $2.23B-$2.3B from $2.21B-$2.29B, consensus $2.28B. The company said, "Although we experienced margin pressure from higher material and freight costs, we continue to see encouraging order trends and strong customer engagement across many of our businesses. We remain focused on disciplined pricing, productivity initiatives, and operational execution throughout our global manufacturing and distribution network. With a diversified portfolio, strong balance sheet, and multiple opportunities to drive growth, we believe Franklin Electric is well positioned to continue creating long-term value for shareholders."
Franklin Electric Reports Q3 Revenue of $633.62M
Reports Q3 revenue $633.62M, consensus $610.61M. "Our team delivered strong third quarter revenue growth through a combination of favorable pricing, contributions from recent acquisitions, and healthy customer activity across much of the portfolio. We were pleased with the early contribution from Cat Pumps as our teams remain focused on executing our integration playbook while serving customers at a high level," commented Joe Ruzynski, Franklin Electric's CEO.
Franklin Electric Acquires Challenge Pumps for $181 Million
Franklin Electric "announced it has entered into a definitive agreement to acquire Challenge Pumps Holdings Pty Ltd, a leading provider of underground mine dewatering solutions headquartered in Perth, Western Australia. Under the terms of the agreement, Franklin Electric will acquire Challenge Pumps for approximately $181 million in cash, subject to customary purchase price adjustments, plus contingent consideration of up to $14 million (A$20 million) tied to future revenue performance following closing. The transaction is expected to close in 2026 following completion of the target's audit process and satisfaction of customary closing conditions. Challenge Pumps designs and manufactures specialized high-head dewatering pumps, engineered pumping systems, and aftermarket solutions for underground mining operations. The company serves leading mining companies and mining contractors across Australia and international mining regions and has established a strong reputation for reliability, application expertise, and lifecycle performance in demanding underground environments. The company generated approximately US$52 million (A$73 million) in revenue and US$18 million (A$26 million) in EBITDA in FY2026 ending in June, with strong profitability and a high proportion of recurring aftermarket parts and service revenue over the last three years."
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.
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