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Dec 31, 2019
Franklin Electric Q4 2019 Earnings Report
Reported fourth quarter sales and earnings.
Key Takeaways
Franklin Electric reported a 1% increase in fourth quarter sales to $320.1 million compared to $316.7 million in 2018. GAAP EPS was $0.42, down from $0.51 in the previous year. The company's free cash flow conversion of net income increased from 101% to 163% year-over-year.
Fourth quarter sales increased by 1 percent year-over-year.
GAAP EPS decreased to $0.42 compared to $0.51 in the fourth quarter of 2018.
Free cash flow conversion of net income improved significantly, from 101 percent to 163 percent.
Operating income remained flat compared to the same quarter last year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Franklin Electric anticipates earnings growth and sustained operating cash generation exceeding net income, alongside organic growth in Water Systems and Distribution segments. Fueling Systems revenue is expected to be flat due to a decline in China.
Positive Outlook
- More normal North America precipitation rates than the record levels seen in 2019
- Organic Growth, net of foreign exchange, of about 5 to 7 percent in Water Systems and Distribution, but flat in Fueling Systems
- Free Cash Flow conversion of net income between 120 percent and 140 percent
- An effective tax rate between 18 and 20 percent
- Capital spending of around $30 million and Depreciation and Amortization of around $38 million
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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