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Franklin Electric FELE Water Systems — Operating Income (Loss)

Other segment segments

Energy Systems
$27.9M-4.1%
Distribution
$19.7M+22.4%

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Other financials

Income statement

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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

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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

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Operating cash flow$99.6M+93.5%
CapEx$10.9M-5.8%
Free cash flow$88.7M+122%

Valuation

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Market cap$4.83B+15.5%
Enterprise value$5.15B+9.7%
P/E31×+7.6×
P/S2.2×+0.2×

Profitability

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Gross margin35.5%+0.1pp
Operating margin12.6%+0.5pp
Net margin7.1%-1.7pp
FCF margin9.9%-0.7pp

Returns & leverage

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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:OperatingIncomeLoss.

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, 2026Water SystemsDistributionEnergy SystemsTotal
Selling, general and administrative expenses62.239.910.9
Restructuring expense0.4
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)
Corporate general and administrative expenses(19.1)
Interest expense(3.5)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Franklin Electric's water systems — operating income (loss)?
Franklin Electric (FELE) reported water systems — operating income (loss) of $65.2M in Q2 2026.
How has Franklin Electric's water systems — operating income (loss) changed year-over-year?
Franklin Electric's water systems — operating income (loss) increased by 5.5% year-over-year, from $61.8M to $65.2M.
What is the long-term trend for Franklin Electric's water systems — operating income (loss)?
Over 4 years (2021 to 2025), Franklin Electric's water systems — operating income (loss) has grown at a 10.5% compound annual growth rate (CAGR), from $139.1M to $207.1M.
What does water systems — operating income (loss) mean?
The profit or loss generated by the Water Systems segment after deducting cost of sales and operating expenses from net sales. It represents the core operational profitability of the segment before interest, taxes, and corporate-level allocations.

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