Welcome to our dedicated page for Franklin Elec news (Ticker: FELE), a resource for investors and traders seeking the latest updates and insights on Franklin Elec stock.
Franklin Electric Co Inc (NASDAQ: FELE) is a manufacturing company focused on systems and components for the movement of water and energy. The company describes itself as a global leader in the production and marketing of pumping systems, motors, electronic controls, and related equipment serving residential, commercial, agricultural, industrial, municipal, and fueling applications. This news page aggregates company-specific developments that can influence how investors and observers view FELE stock.
News about Franklin Electric frequently covers its quarterly financial results, including consolidated net sales, operating income, segment performance for Water Systems, Energy Systems, and Distribution, and earnings per share. Releases often highlight how net sales have changed across segments and regions, and discuss factors such as volume, price realization, acquisitions, and foreign currency translation.
In addition to earnings, Franklin Electric issues news on corporate actions and capital allocation, such as quarterly cash dividend declarations and share repurchase transactions authorized by its Board of Directors. The company also announces leadership and governance changes, including appointments to executive roles like Chief Financial Officer and Chief Human Resources Officer, and updates to its Board of Directors and Chairperson.
Other updates include recognition in third-party rankings related to responsibility, trustworthiness, environmental performance, and workplace quality. Together, these items provide a view into Franklin Electric’s operational performance, financial decisions, and corporate governance. Investors and followers of FELE can use this news feed to review the company’s own disclosures and announcements over time.
Franklin Electric (NASDAQ: FELE) has announced a quarterly cash dividend of $0.25 per share. The dividend will be payable on November 21, 2024, to shareholders of record as of November 7, 2024. The company operates as a global leader in systems and components for water and energy movement, serving residential, commercial, agricultural, industrial, municipal, and fueling applications worldwide.
Franklin Electric Co., Inc. (NASDAQ: FELE) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will release its earnings at 8:00 am ET on Tuesday, October 29, 2024, followed by a conference call at 9:00 am ET to review earnings and other business developments.
The earnings call will be available via a live webcast in listen-only mode. Participants interested in the Q&A portion must register separately. A replay of the call will be accessible from October 29 through November 5, 2024. Franklin Electric is recognized as a global leader in systems and components for water and energy movement, serving various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications.
Franklin Electric Co., Inc. (FELE) reported its second quarter 2024 financial results with consolidated net sales of $543.3 million, a 5% decrease from the prior year. The company achieved an operating income of $79.1 million with a 14.6% operating margin. GAAP fully diluted earnings per share (EPS) was $1.26, slightly down from $1.27 in Q2 2023.
Despite lower sales across all three segments due to unfavorable weather conditions, Franklin Electric demonstrated resilience through strong operational performance in Water Systems and Fueling Systems. The company maintained its full-year 2024 sales guidance of $2.10 billion to $2.17 billion but reduced its EPS guidance to a range of $4.16 to $4.34.
Franklin Electric (NASDAQ: FELE) has declared a quarterly cash dividend of $0.25 per share, payable on August 15, 2024, to shareholders of record as of August 1, 2024. This announcement demonstrates the company's commitment to providing consistent returns to its shareholders.
Franklin Electric is a global leader in systems and components for water and energy movement, serving diverse sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications. The company has been recognized for its corporate responsibility, trustworthiness, and climate leadership by reputable publications such as Newsweek and USA Today.
Franklin Electric (NASDAQ: FELE) is set to release its second quarter 2024 earnings on July 23, 2024, at 8:00 am ET. The company will follow this with a conference call at 9:00 am ET to discuss the earnings and other business developments. The call will be accessible via a live webcast, with a replay available until July 30, 2024. Interested participants can register online for the call to receive dial-in information. Franklin Electric is a global leader in water and energy systems, serving multiple sectors and has been recognized for its corporate responsibility and trustworthiness.
Franklin Electric (NASDAQ: FELE) announced the appointment of Joe Ruzynski as the new CEO, effective July 1, 2024. Ruzynski, who joins from nVent Electric plc (NYSE: NVT), has over 25 years of experience in the industrial and electrical sectors. He previously held leadership roles at Pentair plc. Gregg Sengstack, the outgoing CEO since 2014, will remain as Executive Chairperson. The Board expressed confidence in Ruzynski's ability to lead the company into its next growth phase. Franklin Electric has seen significant growth under Sengstack's leadership, transforming into a global leader in water and energy systems.
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.
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