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FELE
FRANKLIN ELECTRIC CO INC
98.61
+0.25 +0.25%
USD · close Oct 26
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Work order
49
WATCH · shorts 49
Insiders, 90 days
0
no open-market filings in 90 days
Congress, 90 days
0 / 0
no disclosures naming it
Big money
0 / 15
none of the tracked funds disclose it
Calls on record
0
nobody we score has called it yet
MKT CAP $4.4BP/E 29.7DIV YIELD —FCF YIELD 3.89%REV TTM $2.2B +8.0%NET INCOME $150.5M −15.6%NET DEBT $96.8M52W 89.89 – 110.05SEC XBRL · TTM TO Invalid Date
How FELE rewrote its risk factors
Text kept
83%
of sentences unchanged
Added
14
new sentences
Dropped
7
sentences removed
Length
+165
words, now 3,004
New in FY2025
- In January 2026, the OECD issued additional guidance, including a safe harbor framework for certain U.S. parented groups that is expected to largely reduce the impact of Pillar Two for the Company.
- Even with this safe harbor, the Company could still be subject to local minimum tax regimes in countries that have adopted these rules.
- Pillar Two has not had a material impact on the Company’s income tax liability, provision for income taxes, or effective tax rate, nor does the Company expect a material impact in the future.
- Changes in foreign trade policies and other factors beyond our control may adversely impact our business and financial performance.
- The U.S. government recently implemented significant trade policy and tariff actions, including but not limited to tariffs on imported steel and aluminum products, multiple tariffs on certain imports from China, tariffs on certain imports from Canada and Mexico, and baseline tariffs on most imports from most other countries.
- These actions have increased the cost of certain raw materials and components and created significant uncertainty and potential risks for our business.
- Certain countries have announced retaliatory tariffs in response to such actions.
- The U.S. government or other foreign governments may in the future propose and implement additional changes to international trade agreements, tariffs, taxes, and other government rules and regulations and, if initiated, retaliatory tariffs or other actions may be taken by certain governments.
- While the future financial impact of these actions and potential additional tariff actions and retaliatory actions by the U.S. or other countries remain unknown, the impacts could have a material adverse effect on our financial statements in any particular reporting period.
- These risks include, but are not limited to, the following: • Difficulty in enforcing agreements and collecting receivables through foreign legal systems • Trade protection measures and import or export licensing requirements • Inability to obtain raw materials and finished goods in a timely manner from foreign suppliers • Imposition of exchange controls or other restrictions • Difficulty in staffing and managing widespread operations and the application of foreign labor regulations • Compliance with foreign laws and regulations • Changes in general economic and political conditions in countries where the Company operates Additionally, the Company’s operations outside the United States could be negatively impacted by changes in treaties, agreements, policies, and laws implemented by the United States.
- Turkey and Argentina represent highly inflationary economies as their three-year cumulative inflation rate exceeded 100 percent.
- As a result, the Company remeasures the financial statements for the Company's Turkish and Argentinian operations in accordance with the highly inflationary accounting rules in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 830 "Foreign Currency Matters".
- Turkey and Argentina being highly inflationary economies has had an adverse effect on the Company’s consolidated results of operations and further inflation may have additional adverse effects on the Company's consolidated financial position, results of operations, or cash flows in future periods.
- The Company’s products are subject to government regulations and standards for manufacture, assembly, and performance in addition to the warranties provided by the Company.
Gone since FY2024
- In 2024, Pillar Two did not have a material impact on the Company’s income tax liability, provision for income taxes, or effective tax rate, nor does the Company expect a material impact in the future.
- These risks include, but are not limited to, the following: • Difficulty in enforcing agreements and collecting receivables through foreign legal systems • Trade protection measures and import or export licensing requirements • Inability to obtain raw materials and finished goods in a timely manner from foreign suppliers • Imposition of tariffs, exchange controls or other restrictions (including recent U.S. tariffs imposed or threatened to be imposed on China, Canada and Mexico and other countries and any retaliatory actions taken by such countries) • Difficulty in staffing and managing widespread operations and the application of foreign labor regulations • Compliance with foreign laws and regulations • Changes in general economic and political conditions in countries where the Company operates Additionally, the Company’s operations outside the United States could be negatively impacted by changes in treaties, agreements, policies, and laws implemented by the United States.
- In the second quarter of 2022, the Company concluded that Turkey represents a highly inflationary economy as its three-year cumulative inflation rate exceeded 100 percent.
- As a result, the Company started remeasuring the financial statements for the Company’s Turkish operations in accordance with the highly inflationary accounting rules in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 830 "Foreign Currency Matters" as of the beginning of the second quarter of 2022.
- The Company also remeasures its financial statements for its Argentina operations in accordance with the highly inflationary accounting rules.
- Turkey and Argentina becoming highly inflationary economies has had an adverse effect on the Company’s consolidated results of operations and further inflation may have additional adverse effects on the Company's consolidated financial position, results of operations, or cash flows in future periods.
- The Company’s product lines have expanded significantly and certain products are subject to government regulations and standards for manufacture, assembly, and performance in addition to the warranties provided by the Company.
Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.