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Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2021 RESULTS Second Quarter 2021 Highlights • • • Record sales of $ 437.3 million , compared to second quarter 2020 sales of $ 308.3 million , an increase of 42 % Strong organic sales growth in all three Segments : Distribution 41 % ; Fueling Systems 27 % ; and Water Systems 23 % Operating income was $ 51.6 million , compared to second quarter 2020 operating income of $ 33.9 million , an increase of 52 % • • GAAP fully diluted earnings per share ( EPS ) was $ 0.83 a record for any quarter Working capital as a percent of trailing twelve months sales improved 450 basis points to 27.2 % Fort Wayne , IN - July 27 , 2021 - Franklin Electric Co. Inc. today announced second quarter 2021 financial results . Second quarter 2021 sales were $ 437.3 million , compared to second quarter 2020 sales of $ 308.3 million , an increase of 42 percent . Second quarter 2021 operating income was $ 51.6 million , compared to second quarter 2020 operating income of $ 33.9 million , an increase of 52 percent . Second quarter 2021 GAAP fully diluted earnings per share ( EPS ) was $ 0.83 , versus second quarter 2020 GAAP fully diluted EPS of $ 0.52 . " In the second quarter of 2021 , we delivered the highest sales and operating income for any quarter in Franklin's history , which included record revenue in Water Systems and Distribution , record operating income in Distribution and a strong performance in Fueling Systems , most notably in the U.S. This robust performance was propelled by a favorable demand environment and solid execution by our team . Further , our international businesses posted strong results across almost all regions , as we continued to carefully navigate a challenging operating environment . As a result , we posted year - over - year revenue and earnings per share growth of 42 percent and 60 percent , respectively . While supply chain constraints and inflation have presented challenges , we have remained agile and disciplined , positioning us to further capitalize on the opportunities in front of us , " commented Gregg Sengstack , Franklin Electric's Chairperson and Chief Executive Officer . Mr. Sengstack continued , “ Our second quarter acquisitions have further established a meaningful Water Treatment platform in North America . We remain confident as we look to the remainder of the year , as we believe we have ample runway to execute on our strategic plan and drive continued growth across the business . "