Franklin Electric Co., Inc. (NASDAQ:FELE) Q3 2022 Earnings Conference Call October 25, 2022 9:00 AM ET

Company Participants

Jeff Taylor - Chief Financial Officer

Gregg Sengstack - Chairperson and Chief Executive Officer

Conference Call Participants

Walter Liptak - Seaport Global

Matt Summerville - D.A. Davidson

Ryan Connors - North Coast Research

Operator

Good day and thank you for standing by. Welcome to the Franklin Electric Reports Third Quarter 2022 Sales and Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation there will be a question and answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Jeff Taylor, Chief Financial Officer. Please go ahead.

Jeff Taylor

Thank you, Catherine. Good morning and welcome everyone to Franklin Electric’s third quarter 2022 earnings conference call. With me today is Gregg Sengstack, our Chairperson and CEO. On today’s call, Gregg will review our third quarter business highlights and I will discuss our third quarter financial details. When we are finished, we will have time to take questions.

Before we begin, let me remind you that as we conduct this call, we will be making forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties, many of which could cause actual results to differ materially from such forward-looking statements. A discussion of these factors may be found in the Company’s annual report on Form 10-K and in today’s earnings release. All forward-looking statements made during this call are based on information currently available and except as required by law, the company assumes no obligation to update any forward-looking statements.

With that, I will now turn the call over to our Chairperson and CEO, Gregg Sengstack.

Gregg Sengstack

Thank you Jeff, and thank you all for joining us. Our forward momentum continued into the third quarter. We achieved new financial records for all time quarterly performance and third quarter performance. On a consolidated basis this was the highest net sales for any quarter in the company’s history reflecting the continued strong demand in our end-markets and a solid execution by our global team.

We would not have been able to achieve these results without the dedication and commitment of our employees who continue to manage through the obstacles presented in the current operating environment. End-market demand remains healthy with all three businesses experiencing double-digit top-line growth. This strength reflects the continued global demand for Water and Fueling System products, as well as our distribution offerings.