Franklin Electric Co., Inc. completed the acquisition of Cat Pumps Corporation on September 4, 2026, for approximately $350 million in cash plus up to $50 million in performance-based restricted stock units. The deal adds high-pressure pump technology and expands Franklin Electric's commercial and industrial flow control platform into markets such as energy, water treatment, and industrial cleaning. Cat Pumps generated roughly $115 million in revenue and $45 million in Adjusted EBITDA in 2025 with margins above 35%. The transaction is expected to be accretive to adjusted EPS in 2027 and increase Franklin Electric's net leverage ratio to approximately 1.5x. Franklin Electric Co., Inc. manufactures systems and components for the movement of water and energy.

Franklin Electric Co., Inc. reported second quarter 2026 financial results on July 28, 2026. Consolidated net sales increased 6% to $622.9 million, driven by growth in Water Systems, Energy Systems, and Distribution segments. Operating income rose 6% to $93.6 million with a 15.0% margin. GAAP fully diluted earnings per share were $1.46, an 11% increase, while adjusted diluted EPS reached $1.55, up 18%. The company raised its full-year 2026 guidance, projecting net sales between $2.21 billion and $2.29 billion and adjusted diluted EPS between $4.50 and $4.70. Franklin Electric Co., Inc. operates in the industrial manufacturing industry, producing systems and components for the movement of water and energy.