Franklin Electric (FELE) Plunges 11.03% on Earnings Miss

Franklin Electric's (FELE) stock price fell to its lowest level since January 2023 today, with an intraday decline of 11.03%.

Franklin Electric's recent stock price decline can be attributed to several factors. The company reported earnings and revenue surprises for Q1 2025, with a -8.22% variance in earnings and a 2.93% variance in revenue. These figures likely impacted investor sentiment, leading to a decrease in stock price.

The Q1 2025 earnings report revealed a decrease in sales, primarily due to the negative impact of foreign currency translation and lower volumes in the Distribution and Water segments. These factors have affected the company's overall financial performance, contributing to the stock price decline.

Investors are closely monitoring Franklin Electric's performance, as the company navigates through these challenges. The impact of foreign currency translation and lower volumes in key segments are areas of concern that the company will need to address to stabilize its stock price and regain investor confidence.