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Mar 31, 2022
Franklin Electric Q1 2022 Earnings Report
Franklin Electric reported record sales, operating income, and earnings per share for the first quarter of 2022, driven by strong demand across all businesses.
Key Takeaways
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.
Record sales of $451.5 million, a 36% increase compared to Q1 2021.
Strong organic sales growth in all three segments: Fueling Systems up 29%, Water Systems up 27%, and Distribution up 26%.
Operating income reached a record $39.9 million, an 18% increase compared to Q1 2021.
GAAP fully diluted earnings per share (EPS) was $0.63, a new record for any first quarter.
Franklin Electric
Franklin Electric
Franklin Electric Revenue by Segment
Franklin Electric Revenue by Geographic Location
Revenue by Segment
Water Systems Revenue
CapyFin.comDistribution Revenue
CapyFin.comEnergy Systems Revenue
CapyFin.comRevenue by Geographic Location
United States & Canada Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope, Middle East & Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
The Company is maintaining its full year 2022 sales to be in the range of $1.90 billion to $2.05 billion and full year 2022 earnings per share before restructuring expenses to be in the range from $3.50 to $3.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income