Franklin Electric Raises 2026 Outlook as Subsidiary Agrees to Buy Challenge Pumps
Photo: TokenPost
Franklin Electric raised its 2026 sales and adjusted earnings outlook after third-quarter revenue rose 9%, while its Australian subsidiary agreed to acquire an Australian mine-pump supplier for about $181 million. The company now expects full-year net sales of $2.23 billion to $2.30 billion and adjusted diluted earnings per share of $4.62 to $4.82. Its July forecast called for sales of $2.21 billion to $2.29 billion and adjusted diluted EPS of $4.50 to $4.70. Net sales totaled $633.6 million in the quarter ended Sept. 30, compared with $581.7 million in the same quarter a year earlier.
Source: TokenPost
