Welcome to our dedicated page for Franklin Electric Co news (Ticker: $FELE), a resource for investors and traders seeking the latest updates and insights on Franklin Electric Co stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Franklin Electric Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Franklin Electric Co's position in the market.
Franklin Electric Co., Inc. reported first quarter 2024 financial results, with net sales at $460.9 million, a 5% decrease from the prior year. While Distribution net sales increased by 3%, Water Systems and Fueling Systems net sales dropped by 7% and 15%, respectively. Operating income stood at $47.9 million with an operating margin of 10.4%. GAAP fully diluted EPS was $0.70.
