Below are the financial statements of Franklin Electric, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 2,021.34a | 2,065.13a | 2,043.71a |
| Cost of sales | -1,304.06a | -1,368.13a | -1,352.28a |
| Gross profit | 717.28a | 697.01a | 691.44a |
| Selling, general, and administrative expenses | -470.14a | -433.48a | -432.08a |
| Restructuring expense | -3.5a | -1.09a | -2.17a |
| Operating income | 243.65a | 262.44a | 257.19a |
| Interest expense | -6.32a | -11.79a | -11.53a |
| Other income/(expense), net | 1.34a | 3.7a | -3.2a |
| Foreign exchange expense | -6.82a | -12.12a | -7.24a |
| Income before income taxes | 231.85a | 242.22a | 235.23a |
| Income tax expense | -50.24a | -47.49a | -46.42a |
| Net income | 181.61a | 194.73a | 188.81a |
| Less: net income attributable to noncontrolling interests | -1.3a | -1.46a | -1.48a |
| Net income attributable to Franklin Electric Co., Inc. | 180.31a | 193.27a | 187.33a |
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