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Jun 30, 2021
Franklin Electric Q2 2021 Earnings Report
Franklin Electric's Q2 2021 results were announced, featuring record sales and operating income.
Key Takeaways
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.
Record sales of $437.3 million, a 42% increase compared to Q2 2020.
Strong organic sales growth in all three segments: Distribution 41%, Fueling Systems 27%, and Water Systems 23%.
Operating income increased by 52% to $51.6 million compared to Q2 2020.
GAAP fully diluted earnings per share (EPS) was $0.83, a record for any quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is maintaining its most recent full year 2021 earnings per share before restructuring expenses to be in the range from $2.85 to $3.05. The Company’s 2021 guidance assumes there will not be any worsening impacts from supply chain disruptions and the global pandemic.
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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