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Sep 30, 2022
Franklin Electric Q3 2022 Earnings Report
Franklin Electric reported record results in Q3 2022, driven by strong sales growth and operating income.
Key Takeaways
Franklin Electric reported record third quarter results with sales of $551.7 million, a 20% increase compared to Q3 2021. Operating income also reached a record $80.0 million, up 41% from the previous year. GAAP EPS was $1.24, also a new third quarter record. The company has updated its full-year net sales guidance to $2.0 billion to $2.1 billion and 2022 FY earnings per share excluding restructuring guidance to $4.08 to $4.18.
Record sales of $551.7 million, a 20% increase year-over-year.
Operating income reached a record $80.0 million, a 41% increase year-over-year.
GAAP EPS was $1.24, a new third quarter record.
Strong organic sales growth in all three segments: Distribution 22%, Water Systems 19%, and Fueling Systems 13%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company revised its guidance for full-year 2022 net sales to between $2.0 billion and $2.1 billion with full-year earnings per share excluding restructuring to the range of $4.08 and $4.18.
Positive Outlook
- Net sales between $2.0 billion and $2.1 billion
- Earnings per share excluding restructuring between $4.08 and $4.18
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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