Franklin Electric Publishes Q1 2025 Investor Presentation Ahead of Earnings Call

Franklin Electric Co., Inc. announced that it has posted its first quarter 2025 investor presentation to the company’s website. The materials, available in the Investor Relations section under "Presentations," are intended to accompany management’s discussion during the upcoming quarterly earnings call.

The presentation includes key operational and financial highlights, performance metrics, and strategic updates that reflect the company’s ongoing initiatives across its water systems, fueling systems, and distribution segments.

Franklin Electric emphasized that the materials are being furnished solely for informational purposes and not filed as part of any formal registration. The company remains committed to transparency and providing timely information to shareholders and stakeholders.

Franklin Electric Appoints Interim CFO Following Jeffery Taylor’s Departure
Fort Wayne, IN – March 28, 2025 – Franklin Electric Co., Inc. (NASDAQ: FELE) announced that Jeffery Taylor, the company’s Vice President and Chief Financial Officer, has officially resigned from his position, effective March 28, 2025. His departure was previously disclosed in a filing on February 24, 2025.

Effective the same day, the company has appointed Russell Fleeger, currently Chief Financial Officer of Franklin’s Water Systems Segment, as Interim Chief Financial Officer. Fleeger will serve in this interim capacity until a permanent CFO is named.

In recognition of his expanded responsibilities, Mr. Fleeger will receive a monthly stipend of $20,000 in addition to his current salary. Additionally, he was granted $100,000 in restricted stock on February 28, 2025. The equity award is subject to standard vesting and other terms under the company’s grant agreement.

Franklin Electric noted that Fleeger has no material relationships or transactions requiring disclosure and that his appointment was not the result of any arrangement with another individual or party.

Franklin Electric reports fourth quarter and full-year 2024 results

Franklin Electric Co., Inc. announced its fourth quarter and full-year financial results for 2024. Fourth-quarter net sales reached $485.7 million, a 3% increase compared to the prior year, while full-year net sales totaled $2.0 billion, reflecting a 2% decline from 2023.

Operating income for the fourth quarter was $43.0 million, with an 8.9% operating margin, down from $50.8 million in the previous year. Earnings per share for the quarter were $0.72, compared to $0.82 in the fourth quarter of 2023. For the full year, operating income stood at $243.6 million, with a 12.1% margin, and earnings per share were $3.86, down from $4.11 in 2023.

Water Systems segment sales remained stable at $279.6 million in the fourth quarter, with increased groundwater and water treatment product sales offset by lower large dewatering pump sales. Operating income in this segment decreased to $35.6 million from $44.1 million in the prior year.

Distribution segment sales rose 6% to $157.2 million, driven by higher volumes and acquisitions. However, operating income declined to $0.5 million from $1.0 million in the fourth quarter of 2023.

Energy Systems segment sales grew 5% to $68.8 million, led by volume growth and pricing improvements. The segment reported record fourth-quarter operating income of $24.7 million, up from $19.4 million in the prior year.

The company ended 2024 with $220.5 million in cash, an increase of $135.5 million compared to 2023. Net cash flows from operating activities were $261.4 million, down from $315.7 million in the prior year, as the company worked through post-pandemic inventory reductions.

For 2025, Franklin Electric expects total sales to range between $2.09 billion and $2.15 billion, with projected earnings per share between $4.05 and $4.25. Management aims to drive revenue growth and margin expansion through continued innovation and operational efficiencies.