Loading...
•
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.
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.comEnergy Systems 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
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