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Jun 30, 2022
Franklin Electric Q2 2022 Earnings Report
Franklin Electric reported record performance driven by double-digit top-line growth and margin improvement.
Key Takeaways
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.
Record sales of $551.1 million, a 26% increase compared to Q2 2021.
Strong organic sales growth in all three segments: Water Systems 27%, Fueling Systems 21%, and Distribution 18%.
Operating income was a record at $81.0 million, a 57% increase compared to Q2 2021.
GAAP fully diluted earnings per share (EPS) was $1.26, a new record for any 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.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 revising its full-year 2022 guidance, increasing consolidated net sales to between $2.00 billion and $2.15 billion. Furthermore, they are revising and increasing their 2022 full-year earnings per share excluding restructuring to between $4.00 and $4.20.
Positive Outlook
- Increasing consolidated net sales guidance to between $2.00 billion and $2.15 billion.
- Increasing full-year earnings per share excluding restructuring to between $4.00 and $4.20.
Challenges Ahead
- Challenging business environment with inflation persisting.
- Supply issues continuing in the near-term.
Revenue & Expenses
Visualization of income flow from segment revenue to net income