Every material Form 8-K Franklin Electric has filed with the SEC since February 24, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Franklin Electric posted its Q3 2026 earnings presentation on its investor relations website on October 28, 2026, and furnished the slides as Exhibit 99.1. The filing itself contains no revenue, profit, or guidance figures, so the financial results can only be read from the slides, which are not included in the text provided.
Presentation was posted on October 28, 2026, and used on the Q3 2026 earnings call.
The slides are furnished as Exhibit 99.1 and are not deemed filed under Section 18 of the Exchange Act.
The 8-K text itself states no revenue, earnings per share, or guidance figures.
Franklin Electric agreed on October 27, 2026 to acquire all outstanding shares of Challenge Pumps Holdings, an Australian maker of underground mine dewatering pumps, for about $181 million in cash plus up to AUD $20.0 million in earnout payments. The deal is expected to close in 2026, subject to the target's annual audit and customary conditions, and the company expects it to be accretive to Adjusted EPS in 2027.
Cash consideration of approximately AUD $259 million (about $181 million USD), subject to adjustment; earnout of up to AUD $20.0 million tied to targets through July 2027
Challenge Pumps generated about $52 million in FY2026 revenue and about $18 million in EBITDA, a margin of about 35%
More than 55% of Challenge Pumps' revenue over the last three years came from parts and services
Franklin Electric expects net leverage of about 1.8x after closing and plans to fund the deal with cash on hand and existing credit facility borrowings
Franklin Electric reported third-quarter 2026 net sales of $633.6 million, up 9% from $581.7 million a year earlier, with all three segments growing. Adjusted diluted EPS rose 15% to $1.50, and the company raised its full-year 2026 net sales and adjusted EPS guidance, though operating margin fell to 13.7% from 14.6% on higher material and freight costs.
Net sales of $633.6 million, up 9% from $581.7 million in Q3 2025; Water Systems up 5%, Energy Systems up 15%, Distribution up 15%.
Diluted EPS of $1.35 versus $0.37 a year earlier; adjusted diluted EPS of $1.50 versus $1.31, up 15%.
Operating margin of 13.7% versus 14.6%, which the company attributed to higher material and freight costs.
Full-year 2026 guidance raised to net sales of $2.23 billion to $2.30 billion and adjusted diluted EPS of $4.62 to $4.82.
Franklin Electric acquired all outstanding stock of Cat Pumps Corporation, a high-pressure pump maker based in Minneapolis, under a share purchase agreement dated September 4, 2026. The company paid about $350 million in cash, subject to adjustment, plus performance-based restricted stock units with a target value of $25 million tied to Cat Pumps' gross profit in 2028. Franklin Electric said the deal is expected to be accretive to Adjusted EPS in 2027 and that its net leverage ratio is expected to be about 1.5x after closing.
Cash consideration of approximately $350 million, funded from available cash and existing credit facilities
PRSUs with a target value of $25 million, paying out from 0% to 200% of target based on 2028 gross profit
Cat Pumps had approximately $115 million in revenue and $45 million in Adjusted EBITDA in 2025, per the press release
Cat Pumps will be reported in the Energy Systems segment; the acquisition was completed September 4, 2026
Franklin Electric reported second quarter 2026 net sales of $622.9 million, up 6% from the prior year, and GAAP diluted EPS of $1.46, up 11%. The company raised its full year 2026 guidance for net sales and adjusted diluted EPS, while a $4.5 million legal settlement expense weighed on Energy Systems results.
Q2 2026 GAAP diluted EPS was $1.46 versus $1.31 a year earlier; adjusted diluted EPS was $1.55, up 18%
Full year 2026 net sales guidance raised to $2.21 billion to $2.29 billion
Full year 2026 adjusted diluted EPS guidance raised to $4.50 to $4.70
Energy Systems operating income included a $4.5 million legal settlement expense in Q2 2026
Franklin Electric reported first quarter 2026 net sales of $500.4 million, up 10% from $455.2 million a year earlier, and GAAP diluted EPS of $0.77 versus $0.67. The company maintained its full-year 2026 guidance for net sales of $2.17 billion to $2.24 billion and adjusted diluted EPS of $4.40 to $4.60. Operating margin was 9.6% versus 9.7% a year earlier, and operating cash flow was negative $40.9 million for the quarter.
Net sales $500.4 million, up 10% from $455.2 million in Q1 2025; all three segments grew
GAAP diluted EPS $0.77 vs. $0.67; adjusted diluted EPS (non-GAAP) $0.83 vs. $0.67
Operating income $48.1 million vs. $44.1 million, including $3.9 million of restructuring expense
Full-year 2026 guidance maintained: net sales $2.17 billion to $2.24 billion; adjusted diluted EPS $4.40 to $4.60
Franklin Electric reported fourth quarter 2025 net sales of $506.9 million, up 4%, and diluted EPS of $0.87, up from $0.72. For full year 2025, GAAP diluted EPS fell to $3.22 from $3.86 after a $54.9 million pre-tax pension settlement charge from terminating its US Pension Plan, while adjusted diluted EPS rose 6% to $4.14. The company also guided 2026 sales of $2.17 billion to $2.24 billion and adjusted diluted EPS of $4.40 to $4.60.
Q4 2025 operating income was $51.6 million, up 20% from $43.0 million, with operating margin of 10.2%.
Full year 2025 net sales were $2.1 billion, up 5%, and operating income was $269.0 million, up 10%.
The US Pension Plan termination cut full year 2025 GAAP diluted EPS by an estimated $0.91 per share net of tax, according to the company.
2026 guidance: sales of $2.17 billion to $2.24 billion and adjusted diluted EPS of $4.40 to $4.60.
Franklin Electric reported third quarter 2025 net sales of $581.7 million, up 9% from the prior year, and operating income of $85.1 million, up 16%. GAAP diluted EPS fell to $0.37 from $1.17 because of a $55.3 million pre-tax pension settlement charge from terminating its US Pension Plan, while adjusted diluted EPS rose 11% to $1.30. The company maintained the midpoint of its full-year 2025 guidance.
Q3 2025 net sales were $581.7 million, up 9% from $531.4 million in Q3 2024, with growth in all three segments.
The US Pension Plan termination produced a $55.3 million pre-tax charge ($41.7 million after tax), or about $0.93 per share.
Full-year 2025 guidance midpoints were maintained: sales of $2.09 billion to $2.15 billion and EPS of $4.00 to $4.20, excluding the pension termination impact.
Franklin Electric issued $125 million of 5.01% Senior Notes due September 26, 2032, on September 26, 2025, under existing private shelf agreements with institutional purchasers. The company said it expects to use the proceeds to refinance existing debt and fund working capital.
Notes total $125 million: $75 million and $50 million tranches, issued September 26, 2025
Interest rate 5.01%, maturity September 26, 2032
Proceeds expected to refinance existing indebtedness and finance working capital
Notes are unregistered under the Securities Act of 1933 and cannot be offered in the US without registration or an exemption
Franklin Electric reported second quarter 2025 net sales of $587.4 million, up 8% from the prior year, and operating income of $88.1 million, up 11%. It kept its full-year 2025 guidance but said it expects a non-cash pension plan termination in the third quarter that will reduce EPS by approximately $1.00 per share, which is not included in that guidance.
Q2 net sales $587.4 million vs $543.3 million; operating income $88.1 million vs $79.1 million; operating margin 15.0%
Q2 diluted EPS $1.31 vs $1.26 in Q2 2024
Full-year 2025 guidance maintained: sales $2.09 billion to $2.15 billion; EPS $3.95 to $4.25
Third-quarter US Pension Plan termination expected to have a non-cash EPS impact of approximately $1.00 per share; operating cash flow for first six months was $32.0 million vs $35.0 million
Franklin Electric agreed on July 22, 2025 to buy a group annuity from Principal Life Insurance that moves pension benefit obligations for about 684 retirees and beneficiaries out of its U.S. pension plan, reducing U.S. pension liabilities by about $30 million. The company also reported about $59.9 million in lump-sum payouts to 1,405 participants and expects a non-cash pension settlement charge of about $60 million, or about $1 of earnings per share after tax, in the third quarter of 2025.
Annuity purchase agreement with Principal Life Insurance Company dated July 22, 2025; completion expected by July 29, 2025, if closing conditions are met
About 684 Transferred Participants' benefit obligations to move to the insurer, which will guarantee their benefits
About $59.9 million in lump-sum payouts settled July 9, 2025 to 1,405 participants
Expected non-cash pension settlement charge of about $60 million (about $40 million after tax, or $1 per share), subject to final actuarial adjustments in Q3 2025
Franklin Electric's board appointed Jennifer Wolfenbarger as Vice President, Chief Financial Officer and Chief Accounting Officer on July 7, 2025, succeeding interim CFO Russell Fleeger, who had served since March 28, 2025. The filing sets her pay package, including a $500,000 base salary and a target equity award of an estimated $1.1 million, which matters to shareholders as a change in the company's top financial role.
Appointed July 7, 2025, succeeding interim CFO Russell Fleeger, who served since March 28, 2025.
Annual base salary of $500,000 and target bonus of 75% of base salary, prorated for 2025, plus a $75,000 signing bonus.
Equity award with an estimated target total value of $1.1 million; 55% vests after one year and 45% after two years.
Previous CFO's departure was previously announced; her prior role was divisional CFO at Owens Corning.
Franklin Electric agreed on June 9, 2025 to buy 1,200,000 shares from the trustees of the Patricia Schaefer Settlement Trust, a significant shareholder, in a privately negotiated deal that closed June 13, 2025. The board also raised the company's repurchase authorization, which the company says leaves it able to repurchase up to 1,126,635 more shares. The filing says the purchase gives the estate liquidity to meet tax obligations, and the company cites its balance sheet and cash flow as reasons for the transaction.
Company repurchased 1,200,000 shares at $86.78 per share, the five-day VWAP on NASDAQ before the June 13, 2025 closing
Agreement signed June 9, 2025 with trustees of the Patricia Schaefer Settlement Trust
Board approved an increase to the share repurchase authorization; remaining authority is up to 1,126,635 shares
CEO Joe Ruzynski said the purchase provides liquidity for the Schaefer estate's tax obligations
Franklin Electric's board elected Jennifer L. Sherman as Chairperson effective May 2, 2025, and appointed Mark A. Carano as a director effective May 7, 2025. The company said Carano's investment banking and deal-making experience will support its search for acquisitions to grow the business.
Jennifer L. Sherman, President and CEO of Federal Signal Corporation, is Chairperson effective May 2, 2025, for a term expiring at the 2026 Annual Meeting; she has been a director since 2015.
Mark A. Carano, Vice President, CFO and Treasurer of SPX Technologies, Inc. since 2023, joins the board effective May 7, 2025, for a term expiring at the 2027 Annual Meeting.
Carano previously served as CFO of Insteel Industries and Big River Steel LLC, after 14 years in investment banking.
The filing reports no related-party transaction involving Carano since January 1, 2024 that requires disclosure.
Gregg C. Sengstack retired as Executive Chairperson effective April 23, 2025, and remains on the Board of Directors. His retirement and consulting agreement includes a $750,000 restricted stock award, a $250,000 annual consulting fee through April 30, 2027, and a lump sum payment of $18,269.23. At the May 2, 2025 annual meeting, shareholders elected three directors, ratified Deloitte & Touche LLP as auditor, and approved executive compensation on an advisory basis.
Gregg C. Sengstack retired as Executive Chairperson effective April 23, 2025, and continues as a board member.
Retirement agreement includes a $750,000 restricted stock award vesting monthly through May 1, 2027, and a $250,000 annual consulting fee through April 30, 2027.
At the May 2, 2025 annual meeting, Renee J. Peterson, Jennifer L. Sherman and Chris Villavarayan were elected as directors with terms expiring at the 2028 meeting.
Shareholders ratified Deloitte & Touche LLP for fiscal 2025 and approved the advisory vote on executive compensation; 92.75% of shares entitled to vote were represented.
Franklin Electric reported first quarter 2025 net sales of $455.2 million, down from $460.9 million a year earlier, and diluted EPS of $0.67 versus $0.70. The company kept its full-year 2025 sales guidance of $2.09 billion to $2.15 billion but lowered the low end of its EPS guidance to a range of $3.95 to $4.25.
Net sales $455.2 million vs $460.9 million in Q1 2024; operating income $44.1 million vs $47.9 million
Diluted EPS $0.67 vs $0.70 in Q1 2024; the company cited one-time expenses tied to its executive transition and recent acquisitions
2025 sales guidance maintained at $2.09 billion to $2.15 billion; EPS guidance low end reduced, now $3.95 to $4.25
Net cash used in operating activities was $19.5 million vs $1.4 million a year earlier
Franklin Electric's Vice President and Chief Financial Officer, Jeffery Taylor, resigned effective March 28, 2025. Russell Fleeger, currently CFO of the company's Water Systems Segment, will also serve as interim CFO until a full-time CFO is appointed.
Jeffery Taylor resigned as Vice President and CFO on February 21, 2025, effective March 28, 2025
Russell Fleeger will serve as interim CFO starting March 28, 2025, while keeping his Water Systems Segment CFO role
Fleeger receives a $20,000 monthly stipend, starting March 2025, plus a $100,000 restricted stock grant made February 28, 2025
Franklin Electric said its Chief Financial Officer, Jeffery Taylor, will separate from the company and resign effective March 28, 2025, under a mutual agreement reached February 21, 2025. Taylor will stay in his role until that date to help with a transition to a successor, and the filing says the departure is not tied to any disagreement over operations, policies, practices or accounting.
CFO Jeffery Taylor's resignation is effective March 28, 2025
Taylor remains in his current role until that date to support a successor transition
Severance benefits will be provided under the Company's Executive Severance Policy; a separation agreement is expected before departure
Filing states the resignation was not due to any disagreement on operations, policies, practices or accounting
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