Franklin Electric Earnings Reports

Franklin Electric reported Q4 2024 net sales of $485.7 million, a 3% increase year-over-year. However, operating income declined to $43.0 million from $50.8 million in Q4 2023. GAAP EPS was $0.72, down from $0.82 in the prior year. The Energy Systems segment showed the highest growth, while Water Systems remained flat.

Franklin Electric reported Q3 2024 net sales of $531.4 million, a 1% decrease compared to Q3 2023. EPS was $1.17, down from $1.23 in the prior year. The company is lowering its full year sales guidance to approximately $2.00 billion and reducing its EPS guidance to be in the range of $3.75 to $3.85.

Franklin Electric reported a decrease in net sales by 5% to $543.3 million compared to the prior year. Despite lower sales across all three segments, the company achieved an operating income of $79.1 million with an operating margin of 14.6%. GAAP earnings per share (EPS) was $1.26.

Franklin Electric reported a 5% decrease in net sales to $460.9 million for Q1 2024 compared to $484.6 million in Q1 2023. EPS decreased to $0.70 from $0.79 year-over-year. Despite lower sales, the company saw improved margins in the Water Systems and Fueling Systems segments and strong execution by global teams.

Franklin Electric reported Q4 2023 net sales of $473.0 million, a decrease of 3% compared to Q4 2022. The company's operating income was $50.8 million, and EPS was $0.82. Despite a decline in Fueling Systems sales, Water Systems and Distribution segments showed resilience. The company expects demand to gain momentum in 2024.

Franklin Electric reported net sales of $538.4 million, a 2% decrease compared to the prior year. EPS was $1.23. Water Systems sales increased by 1%, while Fueling Systems and Distribution sales decreased by 14% and 2%, respectively. Operating income was $78.1 million with an operating margin of 14.5%.

Franklin Electric announced record second-quarter sales and EPS, driven by strong demand in core markets and effective global team execution. Net sales were $569.1 million, a 3% increase over the prior year, and EPS reached $1.27, a new record for any quarter. The company maintains its full-year sales and EPS guidance.

Franklin Electric delivered a strong start to 2023, achieving record first quarter sales, operating income, and earnings per share. The company's performance was driven by robust demand and improvements in supply chain management, leading to operating margin expansion.

Franklin Electric reported record fourth-quarter sales of $489.4 million, a 13% increase year-over-year, and record operating income of $56.2 million, up 19% from the prior year. GAAP EPS was $0.84, a slight decrease of $0.01 compared to the prior year. The company delivered record full-year sales, operating income, and earnings per share.

Franklin Electric reported record third quarter results with sales of $551.7 million, a 20% increase compared to Q3 2021. Operating income also reached a record $80.0 million, up 41% from the previous year. GAAP EPS was $1.24, also a new third quarter record. The company has updated its full-year net sales guidance to $2.0 billion to $2.1 billion and 2022 FY earnings per share excluding restructuring guidance to $4.08 to $4.18.

Franklin Electric reported record second quarter results with sales of $551.1 million, a 26% increase compared to the second quarter of 2021. Operating income also reached a record $81.0 million, a 57% increase. GAAP fully diluted earnings per share was $1.26, a new record for any quarter.

Franklin Electric announced record first quarter 2022 results, with sales reaching $451.5 million, a 36% increase compared to the first quarter of 2021. Operating income also reached a record $39.9 million, up 18% from the previous year. GAAP fully diluted earnings per share (EPS) was $0.63, a new record for any first quarter.

Franklin Electric reported record fourth-quarter sales of $432.5 million, a 35% increase compared to the fourth quarter of 2020. Operating income was a record at $47.2 million, a 37% increase. GAAP fully diluted earnings per share (EPS) was $0.85, a new record for any fourth quarter.

Franklin Electric reported record third-quarter results with sales of $459.0 million, a 31% increase compared to the third quarter of 2020. Operating income increased by 17% to $56.6 million, and GAAP EPS reached a record $0.98. The company benefited from strong organic sales growth across its Water Systems, Distribution, and Fueling Systems segments.

Franklin Electric reported record second quarter results with sales of $437.3 million, a 42% increase compared to Q2 2020. The company achieved record revenue in Water Systems and Distribution, along with strong performance in Fueling Systems. GAAP fully diluted earnings per share (EPS) was $0.83, also a record for any quarter.

Franklin Electric reported record first-quarter results with sales reaching $333.0 million, a 25% increase compared to the previous year. The company's EPS increased by 157% to $0.59, and operating income rose by 144% to $33.8 million.

Franklin Electric announced record fourth quarter 2020 sales of $321.1 million, driven by organic growth in the Distribution and Water Systems segments. The company's GAAP earnings per share was $0.57, and operating income reached $34.4 million, a 20% increase from the prior year. Full year 2020 sales were $1,247.3 million and GAAP earnings per share was $2.14.

Franklin Electric reported a strong third quarter with record earnings. EPS before restructuring expenses grew by 14% year-over-year. The company's water businesses outside the U.S. and Canada experienced organic growth, and the distribution business also saw organic growth. The fueling systems sales declined, but improved sequentially from the previous quarter. Management is optimistic about the remainder of 2020 and looking forward to 2021.

Franklin Electric reported a decrease in sales and earnings per share for the second quarter of 2020 compared to the same period in 2019. However, the results exceeded revised expectations, with solid performance in the Water and Distribution businesses.

Franklin Electric reported a decrease in sales but an increase in operating income and earnings per share for the first quarter of 2020. The company's balance sheet remains strong, and they are confident in their ability to navigate the challenges posed by the Global Pandemic.

Franklin Electric reported a 1% increase in fourth quarter sales to $320.1 million compared to $316.7 million in 2018. GAAP EPS was $0.42, down from $0.51 in the previous year. The company's free cash flow conversion of net income increased from 101% to 163% year-over-year.