Franklin Electric Co., Inc. (FELE) reported Tuesday that net income attributable to the company for the first quarter grew to $34.33 million or $0.77 per share from $30.96 million or $0.67 per share in the prior-year quarter.
Excluding items, adjusted earnings for the latest quarter was $0.83 per share.
Net sales for the quarter increased 10 percent to $500.44 million from $455.25 million in the same quarter last year.
Looking ahead to fiscal 2026, the company continues to project earnings of in a range of $4.40 to $4.60 per share on net sales between $2.17 billion and $2.24 billion.
On Monday, the company announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share payable May 21, 2026, to shareholders of record on May 7, 2026.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.