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Franklin Electric FELE Water Systems — Selling, general, and administrative expenses

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Distribution
$39.9M+7.0%
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$10.9M+6.9%

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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:SellingGeneralAndAdministrativeExpense.

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
Elimination of intersegment sales$(36.9)
Total consolidated sales$622.9
Cost of sales$230.7$161.5$36.9
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

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Franklin Electric's water systems — selling, general, and administrative expenses?
Franklin Electric (FELE) reported water systems — selling, general, and administrative expenses of $62.2M in Q2 2026.
How has Franklin Electric's water systems — selling, general, and administrative expenses changed year-over-year?
Franklin Electric's water systems — selling, general, and administrative expenses increased by 11.1% year-over-year, from $56M to $62.2M.
What is the long-term trend for Franklin Electric's water systems — selling, general, and administrative expenses?
Over 3 years (2022 to 2025), Franklin Electric's water systems — selling, general, and administrative expenses has grown at a 6.3% compound annual growth rate (CAGR), from $182.1M to $218.7M.
What does water systems — selling, general, and administrative expenses mean?
Operating expenses incurred by the Water Systems segment that are not directly tied to production, including sales commissions, marketing, administrative salaries, and general office overhead. This metric measures the cost structure and operational leverage of the segment's support functions.

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