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Dec 31, 2020
Franklin Electric Q4 2020 Earnings Report
Franklin Electric reported record sales for the fourth quarter of 2020, with organic sales growth in the Distribution and Water Systems segments, and completed the Gicon Pumps and Equipment acquisition.
Key Takeaways
Franklin Electric announced record fourth quarter 2020 sales of $321.1 million, driven by organic growth in the Distribution and Water Systems segments. The company's GAAP earnings per share was $0.57, and operating income reached $34.4 million, a 20% increase from the prior year. Full year 2020 sales were $1,247.3 million and GAAP earnings per share was $2.14.
Record sales of $321.1 million in the fourth quarter 2020.
Distribution and Water Systems experienced organic sales growth of 21% and 4%, respectively.
Gross profit margin increased by 300 basis points.
GAAP operating income increased 20% to $34.4 million.
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
The Company expects its full year 2021 sales to be in the range of $1.365 billion to $1.395 billion and full year 2021 earnings per share before restructuring expenses to be in the range from $2.50 to $2.75. The Company expects full year 2021 free cash flow conversion to exceed 115 percent of net income.
Positive Outlook
- Full year 2021 sales to be in the range of $1.365 billion to $1.395 billion
- Full year 2021 earnings per share before restructuring expenses to be in the range from $2.50 to $2.75
- Full year 2021 free cash flow conversion to exceed 115 percent of net income
Revenue & Expenses
Visualization of income flow from segment revenue to net income