Loading...
•
Sep 30, 2024
Franklin Electric Q3 2024 Earnings Report
Franklin Electric's Q3 2024 results were softer than expected due to macro pressures, but the demand environment remained healthy across key end markets with stable margins due to disciplined cost management.
Key Takeaways
Franklin Electric reported Q3 2024 net sales of $531.4 million, a 1% decrease compared to Q3 2023. EPS was $1.17, down from $1.23 in the prior year. The company is lowering its full year sales guidance to approximately $2.00 billion and reducing its EPS guidance to be in the range of $3.75 to $3.85.
Consolidated net sales decreased by 1% year-over-year to $531.4 million.
Water Systems and Distribution net sales increased by 2% and 1%, respectively, while Fueling Systems net sales decreased by 10%.
Operating income was $73.5 million with an operating margin of 13.8%.
GAAP fully diluted earnings per share (EPS) was $1.17.
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 lowering its sales guidance for full year 2024 to be approximately $2.00 billion and reducing its EPS guidance for full year 2024 to be in the range of $3.75 to $3.85 which incorporates the Company’s first nine months performance and its outlook for the fourth quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income