Franklin Electric Maintains FY2 Revenue Outlook Of $2.10B-$2.17B Vs. $2.11B Estimate; Company Cuts FY24 EPS Outlook To $4.16-$4.34 Vs. $4.28 Estimate

7/23/24 8:07:38 AM ET

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The Company is maintaining its sales guidance for full year 2024 to be in the range of $2.10 billion to $2.17 billion and reducing its EPS guidance for full year 2024 to be in the range of $4.16 to $4.34 which incorporates the Company's first half performance and its outlook for continued solid execution in the second half while maintaining strong margins similar to the first half.

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Recent Analyst Ratings for
$FELE

Date	Price Target	Rating	Analyst
2/23/2024	$110.00	Neutral → Buy	Northcoast
4/19/2023		Perform	Oppenheimer
8/15/2022		Buy → Neutral	Northcoast
7/15/2022	$82.00	Buy	Northcoast
7/14/2022	$75.00	Outperform → Neutral	Robert W. Baird
4/27/2022		Neutral → Buy	Seaport Research Partners
3/9/2022	$95.00	Neutral → Outperform	Boenning & Scattergood

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Franklin Electric Reports Third Quarter 2024 Results
Third Quarter 2024 Highlights Consolidated net sales of $531.4 million, a decrease of 1% to the prior yearWater Systems and Distribution net sales increased 2% and 1%, respectively, while Fueling Systems net sales decreased 10%Operating income was $73.5 million with operating margin of 13.8%GAAP fully diluted earnings per share (EPS) was $1.17 FORT WAYNE, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2024. Third quarter 2024 net sales were $531.4 million, compared to third quarter 2023 net sales of $538.4 million. Third quarter 2024 operating income was $73.5 million, compared to
10/29/24 8:00:41 AM ET
$FELE
Metal Fabrications
Consumer Discretionary
Franklin Electric Declares Quarterly Dividend of $0.25 Per Share
FORT WAYNE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable November 21, 2024, to shareholders of record on November 7, 2024. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. 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. Franklin Electric is proud to be named in Newsweek's lists of America
10/28/24 8:00:20 AM ET
$FELE
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Franklin Electric Schedules Its Third Quarter 2024 Earnings Release and Conference Call
FORT WAYNE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its third quarter 2024 earnings at 8:00 am ET on Tuesday, October 29, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The third quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen-only mode by going to: https://edge.media-server.com/mmc/p/cp5pmtx9 For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BIa5e3e952cc2d47c28144fef8683c97e0 All registrants
10/15/24 8:00:57 AM ET
$FELE
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Franklin Electric Reports Third Quarter 2024 Results
Third Quarter 2024 Highlights Consolidated net sales of $531.4 million, a decrease of 1% to the prior yearWater Systems and Distribution net sales increased 2% and 1%, respectively, while Fueling Systems net sales decreased 10%Operating income was $73.5 million with operating margin of 13.8%GAAP fully diluted earnings per share (EPS) was $1.17 FORT WAYNE, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2024. Third quarter 2024 net sales were $531.4 million, compared to third quarter 2023 net sales of $538.4 million. Third quarter 2024 operating income was $73.5 million, compared to
10/29/24 8:00:41 AM ET
$FELE
Metal Fabrications
Consumer Discretionary
Franklin Electric Declares Quarterly Dividend of $0.25 Per Share
FORT WAYNE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable November 21, 2024, to shareholders of record on November 7, 2024. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. 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. Franklin Electric is proud to be named in Newsweek's lists of America
10/28/24 8:00:20 AM ET
$FELE
Metal Fabrications
Consumer Discretionary
Franklin Electric Schedules Its Third Quarter 2024 Earnings Release and Conference Call
FORT WAYNE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its third quarter 2024 earnings at 8:00 am ET on Tuesday, October 29, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The third quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen-only mode by going to: https://edge.media-server.com/mmc/p/cp5pmtx9 For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BIa5e3e952cc2d47c28144fef8683c97e0 All registrants
10/15/24 8:00:57 AM ET
$FELE
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Franklin Electric Maintains FY2 Revenue Outlook Of $2.10B-$2.17B Vs. $2.11B Estimate; Company Cuts FY24 EPS Outlook To $4.16-$4.34 Vs. $4.28 Estimate

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Franklin Electric Reports Third Quarter 2024 Results

Franklin Electric Declares Quarterly Dividend of $0.25 Per Share

Franklin Electric Schedules Its Third Quarter 2024 Earnings Release and Conference Call

$FELE Leadership Updates

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Franklin Electric Appoints Joe Ruzynski as CEO; Gregg Sengstack Remains Executive Chairperson

Franklin Electric Appoints Jeffery L. Taylor as Vice President and Chief Financial Officer and Announces Retirement of CFO John J. Haines

$FELE SEC Filings

Franklin Electric Co. Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Franklin Electric Co. Inc.

Franklin Electric Co. Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

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Franklin Electric shares are trading lower after the company reported worse-than-expected Q2 financial results. The company also cut its FY24 EPS guidance.

Franklin Electric Maintains FY2 Revenue Outlook Of $2.10B-$2.17B Vs. $2.11B Estimate; Company Cuts FY24 EPS Outlook To $4.16-$4.34 Vs. $4.28 Estimate

Franklin Electric Q2 EPS $1.26 Misses $1.32 Estimate, Sales $543.26M Miss $569.91M Estimate

SEC Form SC 13G/A filed by Franklin Electric Co. Inc. (Amendment)

SEC Form SC 13G/A filed by Franklin Electric Co. Inc. (Amendment)

SEC Form SC 13G/A filed by Franklin Electric Co. Inc. (Amendment)

$FELE Insider Trading

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Executive Chairperson Sengstack Gregg C exercised 64,952 shares at a strike of $29.08 and covered exercise/tax liability with 35,970 shares, increasing direct ownership by 30% to 127,075 units (SEC Form 4)

Executive Chairperson Sengstack Gregg C sold $150,322 worth of shares (1,500 units at $100.22) (SEC Form 4)

Chief Administrative Officer Grandon Jonathan M. sold $228,606 worth of shares (2,219 units at $103.02), decreasing direct ownership by 12% to 15,884 units (SEC Form 4)

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Franklin Electric Reports Third Quarter 2024 Results

Franklin Electric Declares Quarterly Dividend of $0.25 Per Share

Franklin Electric Schedules Its Third Quarter 2024 Earnings Release and Conference Call

Franklin Electric upgraded by Northcoast with a new price target

Oppenheimer initiated coverage on Franklin Electric

Franklin Electric downgraded by Northcoast

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