Franklin Electric (FELE) reported Q1 earnings Tuesday of $0.67 per diluted share, down from $0.70 a year earlier.

Three analysts polled by FactSet expected $0.74.

Net sales for the quarter ended March 31 were $455.2 million, down from $460.9 million a year earlier.

Analysts surveyed by FactSet expected $470.4 million.

For 2025, the water and fuel pump systems company expects EPS of $3.95 to $4.25 on revenue of $2.09 billion to $2.15 billion. Three analysts polled by FactSet expect EPS of $4.19 while five analysts expect revenue of $2.11 billion.

Shares of the company were down nearly 3% in recent premarket activity.