Franklin Electric Co. Inc. reported net income of $17.2 million for the third quarter of 2025, compared to $54.9 million in the same period of 2024. For the first nine months of 2025, net income was $109.1 million, down from $147.3 million in the first nine months of 2024. Net income attributable to Franklin Electric Co. Inc. was $16.7 million, or $0.37 per diluted share, in the third quarter of 2025, compared to $54.6 million, or $1.17 per diluted share, in the third quarter of 2024. For the first nine months of 2025, net income attributable to the company was $107.8 million, or $2.35 per diluted share, versus $146.7 million, or $3.14 per diluted share, for the same period in 2024. During the first quarter of 2025, the company acquired Barnes de Colombia S.A., a manufacturer and distributor of industrial and commercial pumps in Colombia, and PumpEng Pty Ltd, an Australia-based company specializing in submersible pumps. In the third quarter of 2025, Franklin Electric completed the settlement of its pension plan, resulting in a pre-tax pension settlement charge of $55.3 million. The company also reported a net loss of $0.2 million in other income (expense) for the third quarter of 2025, consistent with the third quarter of 2024. Foreign currency-based transactions produced an expense of $2.7 million in the third quarter and $8.5 million in the first nine months of 2025. The company stated that its capital resources and liquidity position as of September 30, 2025, are adequate to meet projected needs for the foreseeable future.