What is the long-term trend for Franklin Electric's distribution — restructuring expense?

Over 3 years (2022 to 2025), Franklin Electric's distribution — restructuring expense has grown at a 14.5% compound annual growth rate (CAGR), from $200K to $300K.

What does distribution — restructuring expense mean?

Costs associated with organizational changes, such as facility consolidations, workforce reductions, or process re-engineering within the distribution segment. These expenses are typically incurred to improve long-term operational efficiency and profitability.

Franklin Electric (FELE) Distribution — Restructuring expense

Screener

Other segment segments

Water Systems

$400K+300%

Energy Systems

$0—

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Other financials

Income statement

See full

Revenue$622.9M+6.0%

Gross profit$230.6M+8.9%

Operating income$93.6M+6.2%

Net income$65.7M+9.3%

EPS (diluted)$1.46+11.5%

Balance sheet

See full

Cash & equivalents$97.3M-7.0%

Total debt$416.8M-32.4%

Total equity$1.4B+11.5%

Total assets$2.2B+6.6%

Cash flow

See full

Operating cash flow$99.6M+93.5%

CapEx$10.9M-5.8%

Free cash flow$88.7M+122%

Valuation

See full

Market cap$4.83B+15.5%

Enterprise value$5.15B+9.7%

P/E31×+7.6×

P/S2.2×+0.2×

Profitability

See full

Gross margin35.5%+0.1pp

Operating margin12.6%+0.5pp

Net margin7.1%-1.7pp

FCF margin9.9%-0.7pp

Returns & leverage

See full

Return on equity11.7%-2.7pp

Debt / equity0.3×-0.2×

Current ratio2.4×+0.7×

Where this comes from

Reported directly by Franklin Electric in its filing.

Tagged under the XBRL concept us-gaap:RestructuringSettlementAndImpairmentProvisions.

The source filing: Franklin Electric’s 10-Q, filed July 29, 2026.

Filed: Jul 29, 2026, 10:51 AM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000038725-26-000055

Second Quarter Ended June 30, 2026	Water Systems	Distribution	Energy Systems	Total
Total consolidated sales				$622.9
Cost of sales	$230.7	$161.5	$36.9
Selling, general and administrative expenses	62.2	39.9	10.9
Restructuring expense	0.4	—	—
Legal settlement loss (see Note 7)	—	—	4.5
Segment operating income	$65.2	$19.7	$27.9	$112.8
Reconciliation of segment operating income to income before income taxes
Deferred intersegment profit				$(0.1)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Franklin Electric's distribution — restructuring expense?: Franklin Electric (FELE) reported distribution — restructuring expense of $0 in Q2 2026.
What is the long-term trend for Franklin Electric's distribution — restructuring expense?: Over 3 years (2022 to 2025), Franklin Electric's distribution — restructuring expense has grown at a 14.5% compound annual growth rate (CAGR), from $200K to $300K.
What does distribution — restructuring expense mean?: Costs associated with organizational changes, such as facility consolidations, workforce reductions, or process re-engineering within the distribution segment. These expenses are typically incurred to improve long-term operational efficiency and profitability.