Franklin Electric Names Joe Ruzynski As CEO; Gregg Sengstack To Remain Executive Chairperson
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Franklin Electric Names Joe Ruzynski As CEO; Gregg Sengstack To Remain Executive Chairperson
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| 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 |
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.
Franklin Electric (NASDAQ:FELE) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.32 by 4.55 percent. This is a 0.79 percent decrease over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $543.26 million which missed the analyst consensus estimate of $569.91 million by 4.68 percent. This is a 4.55 percent decrease over sales of $569.18 million the same period last year.
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
10-Q - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
FORT WAYNE, Ind., May 14, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE), a global leader in water and energy systems, announced today that its Board of Directors has appointed Joe Ruzynski as Chief Executive Officer and a member of the Board, effective July 1, 2024. Gregg Sengstack, who has served as CEO since 2014 and Chairperson since 2015, will continue as Executive Chairperson. Ruzynski, 49, joins Franklin Electric from nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, where he served as President of the Enclosures Segment since 2018. Prior to that, he held various leadership roles at Pentair plc, a global water tech
Jeffery L. Taylor has been appointed VP – CFO of Franklin Electric Co., Inc., effective June 14, 2021John J. Haines, VP – CFO of Franklin Electric Co., Inc., retires after 13 yearsMr. Taylor brings over 20 years of finance leadership experience to Franklin Electric, including most recently as the CFO of Blue Bird Corporation (NASDAQ:BLBD) FORT WAYNE, Ind., June 14, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. (NASDAQ:FELE) announced today that Jeffery L. Taylor has been appointed Vice President and Chief Financial Officer effective June 14, 2021. John J. Haines has retired as Vice President and Chief Financial Officer of the Company but will support Mr. Taylor through an interim pe
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
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
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
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
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
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
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
Northcoast upgraded Franklin Electric from Neutral to Buy and set a new price target of $110.00
Oppenheimer initiated coverage of Franklin Electric with a rating of Perform
Northcoast downgraded Franklin Electric from Buy to Neutral