Slide 1: Q3 2025 Earnings Presentation
Q3 2025 Earnings Presentation @ Franklin Electric 28 October 2025
Slide 2: Safe Harbor Statement
} Franklin Electric Safe Harbor Statement "Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, prof
Slide 3: Strong Q3 results in all three segments with both price and volume
< Q > Franklin Electric 4 Strong Q3 results in all three segments with both price and volume Sales growth across end markets Healthy Q3 order trends and backlog. A positive 2025 outlook Disciplined strategy execution led to solid growth in a softer markets Investing for growth while maintaining stro
Slide 4: Our People, Promise, and Commitment
— ~~ | — Our People, Promise, and Commitment To our employees: To our customers: For our products: Being a great place Leading with Innovating with to work and service and being | quality products in attracting the best | anindispensable the markets we talent partner serve pe =) 2025) ine pin 2024 S
Slide 5: Financial Performance
< Q > Franklin Electric 4 * Financial Performance: Sales of $581.7M, up 9% YoY Gross Margin of 35.9%, up slightly Operating income of $85.1M, up 16% YoY, with operating Q32025 margin of 14.6% OPERATING INCOME GAAP EPS of $0.37, Adjusted EPS of $1.30, up 11% YoY $74M ln * Solid performance despite ma
Slide 6: Q3 2025 Adjusted EPS
< Q > Franklin Electric 4 Q3 2025 Adjusted EPS‘ $1.30 $1.17 +11% $0.37 Q3 2025 Reported EPS Pension Settlement Loss Adjusted Q3 EPS Q3 2024 EPS 4 Non-GAAP financial metrics referenced in this slide include Adjusted EPS, net debt/cash, free cash flow, and net debt to EBITDA. A reconciliation to compa
Slide 7: Q3 2025 Performance
< Q > Franklin Electric 4 Q3 2025 Performance $19M $16M sim $582M | som $85M ($8M) $33M mz $74M |_| 9% YoY $531M ] 6% 3% (0%) 13.8% 10% (6%) (0%) Q3 2024 Volume/Price Acquisitions FX, net Q3 2025 Q3 2024 Gross Profit SG&A Restructuring Q3 2025 Sales of $581.7M increased 9% YoY Operating Income of $8
Slide 8: Q3 2025 Segment Details
(ay Franklin Electric WATER SYSTEMS ENERGY SYSTEMS z Q = > =) i Be a Sales $336.6M (up 11%) $80.0M (up 15%) $197.3M (up 3%) $60.2M (up 14%) $25.4M (up 5%) $16.3M (up 34%) Q3 2025 Segment Details Op.Income Op. Margin 17.9% (up 40 bps) 31.8% (down 280 bps) 8.3% (up 190 bps) Comments Price and higher v
Slide 9: Balance Sheet and Cash Flow
q A > Franklin Electric 4 Balance Sheet and Cash Flow: Free Cash Flow Cash Flow From Operations $103M sts $123M ] Cash Balance $135M $107M $101M Net Debt 0.4x Net Debt to EBITDA 0.0M No Shares repurchased in Q3 Q3 2024 Q3 2025 Q3 2024 Q3 2025 1 Non-GAAP financial metrics referenced in this slide inc
Slide 10: 2025 Outlook
(9 Franklin Electric 2025 Outlook SALES $2.09 to $2.15 Billion (up LSD to MSD) EPS $4.00 to $4.20 (up MSD to HSD/LDD) LSD =low-singledigits, MSD = mid-single digits, HSO = high-single digts, LOD =tow-double digits Maintaining the midpoint of our EPS guidance, narrowing our range Solid underlying dem
Slide 11: At Franklin Electric, we protect the world's most critical resources
At Franklin (NASDAQ: FELE), we protect the world’s most critical resources. Using responsible innovation and sustainable manufacturing, we serve as an indispensable partner to our customers who work alongside us to keep Moving Life Forward™. R VALUE CREATION FRAMEWORK UR BUSINESS SEGMENTS y- $ i) (a
Slide 12: Water Pressure Boosting
q Q > Franklin Electric 4 Water Pressure Boosting Market Pain Points New Released Line Refining Channel Approach Sprawling municipal Standard Easy-to-Use Interface WN Prioritizing End Users infrastructure is degrading 1) Understand Needs & Pain Points 2) Generate Pull-through Demand VR SpecPAK Wide
Slide 13: $10M Investment to support Water & Energy regional growth
®& Franklin Electric WV * S$10M Investment to support Water & Energy businesses regional growth * New factory will support Water, refurbished legacy factory to support Energy Capacity: * ~130k sqft new manufacturing space * Serve our growing business in East Europe and the Middle East Go-live dates:
Slide 14: Closing Thoughts
®& Franklin Electric WV Closing Thoughts * Strong Q3, all businesses performing well both volume and Price *« We have opportunities to further our transformation * Solid backlog and book to bill * Maintaining our EPS guidance, tightening range, we expect a strong year * Mitigation strategies in plac
Slide 15: Non-GAAP Reconciliations
@ Franklin Electric Non-GAAP Reconciliations
Slide 16: Non-GAAP Reconciliations
} Franklin Electric Non-GAAP Reconciliations To supplement Franklin Electric’s consolidated financial statements presented on a U.S. GAAP basis, the company discloses certain non-GAAP financial measures. These non-GAAP financial measures are not in accordance with generally accepted accounting princ
Slide 17: Reconciliation of Adjusted EPS Non-GAAP Financial Measure
q Q > Franklin Electric 4 Reconciliation of Adjusted EPS Non-GAAP Financial Measure For the Third Quarter 2025 2024 Change Diluted Eamings per Share "EPS" (as reported - US GAAP) $ 037 $ 117 -68% Pension Settlement Loss $ 093 $ - Adjusted Diluted EPS (non-GAAP) $ 130 $ 117 11%
Slide 18: Total Debt to Net Debt (Cash) and Net Debt to EBITDA
& Franklin Electric 4 Reconciliation of Non-GAAP Financial Measure Total Debt to Net Debt (Cash) and Net Debt to EBITDA $in Millions As of September 30, 2025 Total debt $ 204 Less: cash and cash equivalents $ (103) Net (cash) debt $ 101 Nine months ended Yearended Nine months ended Twelve months end
Slide 19: Operating Cash Flow to Free Cash Flow
q Q > Franklin Electric 4 Reconciliation of Non-GAAP Financial Measure Operating Cash Flow to Free Cash Flow $ in Millions 2025 2024 Qt Q2 a3 YTD. QL a2 a3 YTD Cash flows from operating activities $ (19.5) $ 5LS $ 1027 $ 134.7 $ (14) $ 36.4 $ 116.1 $ 151.1 Cash flows from investing activities $ (116
Slide 20: Thank You!
Thank You! « = as g \ Jennifer Wolfenbarger CFO InvestorRelations@FELE.com | 260-827-5520 i