FELE News & Events

A. Buchholtz & Company announced the sale of its client, Wood Bros. and related entities to Franklin Electric Co. Headquartered in Lincoln, Nebraska, Wood Bros. is a distributor of water treatment systems to wholesale and retail customers from its three locations in Lincoln, Phoenix, Arizona and Indianapolis, Indiana. The acquisition enhances Franklin Electric's Water Treatment business by adding synergistic distribution capabilities and expanding access to customers and markets. The related entities acquired include both Reverse Osmosis Superstore and Vistar Water Technologies, both of which provide customers with water treatment solutions online.

Backs FY26 revenue view $2.17B-$2.24B, consensus $2.21B. The company said, "The Company is maintaining its guidance for full year 2026 net sales to be in the range of $2.17 billion to $2.24 billion and full year 2026 Adjusted Diluted EPS to be in the range of $4.40 to $4.60."

Reports Q1 revenue $500.4M, consensus $479.19M. "Our teams delivered a strong start to 2026, with first quarter results in line with our expectations and reflecting solid execution across the business. Sales increased nearly 10 percent year-over-year, driven by higher volumes, effective pricing, and incremental contributions from acquisitions, while operating income and adjusted earnings grew meaningfully faster than revenue. We remain focused on driving profitable growth through our investment in innovation, focus on faster growing markets, disciplined pricing, and productivity initiatives, while continuing to enhance our global manufacturing footprint to better serve our customers," commented Joe Ruzynski, Franklin Electric's CEO.