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Franklin Electric FELE Energy Systems — Restructuring expense

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Other financials

Income statement

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Revenue$500.4M+9.9%
Gross profit$175.0M+6.8%
Operating income$48.1M+9.0%
Net income$34.3M+10.9%
EPS (diluted)$0.77+14.9%

Balance sheet

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Cash & equivalents$80.4M-4.3%
Total debt$380.3M+1.6%
Total equity$1.3B+3.3%
Total assets$2.0B+3.5%

Cash flow

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Operating cash flow-$40.9M-110%
CapEx$9.5M+38.7%
Free cash flow-$50.4M-91.4%

Valuation

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Market cap$4.6B-5.3%
Enterprise value$4.9B-4.7%
P/E30.6×+3.3×
P/S2.1×-0.3×

Profitability

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Gross margin35.2%-0.4pp
Operating margin12.5%+0.6pp
Net margin6.9%-1.9pp
FCF margin7.8%-2.3pp

Returns & leverage

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Return on equity11.4%-2.8pp
Debt / equity0.3×0.0×
Current ratio2.7×+0.7×

Where this comes from

Reported directly by Franklin Electric in its filing.

Tagged under the XBRL concept us-gaap:RestructuringSettlementAndImpairmentProvisions.

The official record: Franklin Electric’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Franklin Electric's energy systems — restructuring expense?
Franklin Electric (FELE) reported energy systems — restructuring expense of $0 in Q1 2026.
What is the long-term trend for Franklin Electric's energy systems — restructuring expense?
Over 3 years (2022 to 2025), Franklin Electric's energy systems — restructuring expense has grown at a -100.0% compound annual growth rate (CAGR), from $600K to $0.
What does energy systems — restructuring expense mean?
Represents costs incurred to reorganize, consolidate, or streamline the operations of the Energy Systems segment to improve future profitability. These expenses often include severance, facility closures, and asset write-downs. While these costs reduce current earnings, they are typically intended to enhance operational efficiency and long-term margins.