Franklin Electric's stock plummeted 5.71% during Tuesday's intraday trading session following the release of its first-quarter financial results.

The company reported adjusted earnings of 87 cents per share for the quarter ended March 31, slightly missing the mean analyst expectation of 88 cents per share. Revenue came in at $506.86 million, falling short of the $516.17 million analysts had anticipated, despite representing a 9.9% increase from the same period last year.

While the company maintained its full-year 2026 guidance for net sales in the range of $2.17 billion to $2.24 billion and adjusted diluted EPS between $4.40 and $4.60, the quarterly misses on key metrics appear to have driven the sell-off. The stock movement reflects investor reaction to the earnings and revenue shortfalls against analyst expectations.