FRANKLIN ELECTRIC ISSUES REVISED SECOND QUARTER 2015 EARNINGS GUIDANCE

Fort Wayne, Indiana – July 10, 2015 - Franklin Electric Co., Inc. (NASDAQ:FELE) – Franklin Electric has revised its previously issued earnings guidance for the second quarter ended July 4, 2015.

For the second quarter, the Company expects adjusted earnings per share to be approximately $0.35 cents versus the previously issued guidance on April 28, 2015 of $0.54 to $0.58 cents, as a result of significantly lower sales. Second quarter revenues were approximately $37 million below the second quarter 2014, and guidance, with the vast majority of the decline occurring during May and June.

Gregg Sengstack, Chairman and Chief Executive Officer commented: "Record rainfall during May and June in North America, especially in the Central region of the U.S., lower than expected shipments of the Pioneer branded de-watering equipment that largely supports the oil exploration end markets in the U.S., a significant slowing in the growth of our business in Brazil and further weakening of key developing region currencies all drove results significantly below our initial estimates for the quarter.

In response, we are continuing to take cost reduction actions to better position the Company for the future. With these actions, if the revenue decline in the second half of the year is similar to the first half, down about 8 percent as compared to the second half of 2014, we expect that our earnings will be about the same as the second half of 2014. If the decline is less, then our earnings should show year-over-year improvement.”

The company will provide further information on the second quarter financial results and outlook during its earnings conference call currently scheduled for July 28, 2015.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.

Documents

The financial information on this page about Franklin Electric Co., Inc. has previously been made available for public dissemination through press releases. The placement of such press releases on this particular page of the Franklin Electric Company website is intended to set apart and distinguish financial information from other non-financial information found on this site, including product, service, marketing and technical information. Regardless of the language used and the resulting interpretations that may or could be reached, such product, service, marketing, technical, and/or any other information found within other pages of this site should in no way be construed to be financial in nature or represent the past, current or future financial results of Franklin Electric Co., Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward looking statements contained herein involve risks and uncertainties, including but not limited to, general economic and currency conditions, various conditions specific to the Company's business and industry, market demand, competitive factors, supply constraints, technology factors, government and regulatory actions, the Company's accounting policies, future trends, and other risks which are detailed in the Company's Securities and Exchange Commission filings. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. We do not assume any obligation to update any forward-looking information. While we may elect to update the forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.