Franklin Electric Q3 2021 Earnings Report
Key Takeaways
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.
Record sales of $459.0 million, a 31% increase compared to Q3 2020.
Operating income increased 17% to $56.6 million.
GAAP EPS reached a record $0.98.
Strong organic sales growth in Distribution, Fueling Systems, and Water Systems segments.
Franklin Electric
Franklin Electric
Franklin Electric Revenue by Segment
Franklin Electric Revenue by Geographic Location
Forward Guidance
The Company is raising our most recent full year 2021 earnings per share before restructuring expenses to be in the range from $2.99 to $3.07.
Revenue & Expenses
Visualization of income flow from segment revenue to net income