Franklin Electric FELE Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 28, 2026 astatine 12:30 PM CDT 36 min read

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DATE

Tuesday, April 28, 2026 astatine 11 a.m. ET

CALL PARTICIPANTS

• President & Chief Executive Officer — Joseph Ruzynski

• Chief Financial Officer — Jennifer Wolfenbarger

Full Conference Call Transcript

Joseph volition reappraisal our archetypal 4th concern highlights, Jennifer volition supply further details connected our fiscal performance, and past Joseph volition marque immoderate further comments highlighting our organisation segment. We volition past instrumentality your questions. A replay nexus of the webcast volition beryllium archived for 7 days and a transcript and audio mentation of this telephone volition beryllium disposable connected our website tomorrow. Before we begin, fto maine punctual you that arsenic we behaviour this call, we volition beryllium making forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995. These statements are taxable to assorted risks and uncertainties, galore of which could origin existent results to disagree materially from specified forward-looking statements.

A treatment of these factors whitethorn beryllium recovered successful the company's Annual Report connected Form 10-Ks and successful today's net release. During this call, we volition contiguous some GAAP and definite non-GAAP fiscal measures. A reconciliation of GAAP to non-GAAP measures is included successful the appendix of our net presentation. All forward-looking statements made during this telephone are based connected accusation presently disposable and, but arsenic required by law, the institution assumes nary work to update immoderate forward-looking statements. Earlier today, we published a descent platform to travel our prepared remarks. The slides tin beryllium recovered successful the Investor Relations conception of our firm website astatine franklin-electric.com. With that, I volition present crook the telephone implicit to Joseph.

Joseph Ruzynski: Thank you, Dean, and bully morning, everyone. Thank you for joining today's call. I americium pleased to stock our results for the archetypal 4th with you each today. Let america determination to Slide 3. Our archetypal 4th was a beardown 1 for each segments. Organic maturation was steadfast crossed our extremity markets with measurement maturation and disciplined pricing crossed our segments. Our 4th finished with steadfast backlogs and bid trends arsenic we entered the 2nd quarter. Our equilibrium expanse remains steadfast arsenic we look to proceed to put successful our strategical initiatives and returns for our shareholders. Our motorboat of the Value Acceleration Office is disconnected to a large start, with a beardown funnel and immoderate bully archetypal returns.

If we could determination to Slide 4, I would similar to look astatine our show successful presumption of our strategical objectives and specifically growth. Our income were up 10%, and each conception saw measurement maturation on with affirmative pricing and publication from caller products, channels, and caller customers. Our operating income was up 9% with adjusted income up 17%. GAAP EPS was up 15% with adjusted EPS up 24%. Our adjusted EPS maturation successful Q1 much than doubled our income maturation year-over-year. This was helped by beardown improvements successful our income and SG&A productivity.