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Mar 31, 2021
Franklin Electric Q1 2021 Earnings Report
Franklin Electric's first quarter of 2021 resulted in record sales and strong earnings growth.
Key Takeaways
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.
Record sales of $333.0 million, a 25% increase from Q1 2020.
Distribution segment saw strong organic sales growth of 31%, and Water Systems grew by 18%.
Operating income increased by 144% to $33.8 million.
GAAP EPS increased by 157% to $0.59.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company revised its full year 2021 revenue estimates to be in the range of $1.45 billion to $1.48 billion and full year 2021 earnings per share before restructuring expenses to be in the range from $2.80 to $3.00.
Positive Outlook
- Better than expected first quarter earnings
- Recently completed Water Treatment acquisitions
- Strong demand environment in most end markets
- Water Systems and Distribution businesses maintained their momentum
- Fueling Systems business appears to have turned the post-pandemic corner
Challenges Ahead
- Ongoing impacts of the global pandemic
- Global pandemic continues to cause disruption across the globe
- Risks and uncertainties with respect to general economic and currency conditions
- Various conditions specific to the Company’s business and industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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