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Franklin Electric Co., Inc. reports company developments tied to its water, energy and distribution businesses. The company manufactures and distributes systems and components for the movement and management of water, fuel and electricity, including pumps, motors, drives, electronic controls, monitoring devices, water treatment equipment and fueling-system components.
Recurring news for FELE includes quarterly and annual earnings, segment sales and operating performance across Water Systems, Energy Systems and Distribution, dividend declarations, investor conference participation and updates on business operations. Company updates also reference end markets such as residential, commercial, agricultural, industrial, municipal and fueling applications.
Franklin Electric (NASDAQ: FELE) has announced its upcoming first quarter 2025 earnings release and conference call schedule. The company will release Q1 2025 earnings on Tuesday, April 29, 2025, at 8:00 am ET, followed by a conference call at 9:00 am ET.
The earnings call will be accessible via webcast in listen-only mode, with a Q&A portion available for registered participants. A replay will be available through May 6, 2025. Franklin Electric, recognized in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as USA Today's America's Climate Leaders 2024, specializes in systems and components for water and energy movement across residential, commercial, agricultural, industrial, municipal, and fueling applications globally.
Franklin Electric (FELE) reported Q4 2024 net sales of $485.7 million, up 3% from Q4 2023, with Energy Systems and Distribution segments growing 5% and 6% respectively. Q4 operating income was $43.0 million with an 8.9% margin, and EPS was $0.72.
For full-year 2024, consolidated net sales decreased 2% to $2.0 billion, with Distribution segment growing 2% while Water Systems and Energy Systems declined 2% and 8% respectively. Operating income was $243.6 million with a 12.1% margin, and full-year EPS was $3.86.
The company ended 2024 with a cash balance of $220.5 million, generating operating cash flows of $261.4 million. For 2025, FELE expects sales between $2.09-2.15 billion and EPS of $4.05-4.25.
Franklin Electric (NASDAQ: FELE) has signed a definitive agreement to acquire Barnes de Colombia, a leading manufacturer and distributor of industrial and commercial pumps. Barnes de Colombia operates two manufacturing facilities and eight stocking locations in Colombia, with assembly facilities in Mexico, Brazil, and Argentina, and warehouses across Latin America.
The acquisition, expected to close around March 1, 2025, will enhance Franklin Electric's product portfolio and market presence in Latin America. Barnes de Colombia brings approximately 400 team members, manufacturing and foundry capabilities to Franklin Electric's operations. The deal aligns with Franklin's long-term growth and diversification goals, aiming to strengthen supply chain resilience and leverage Barnes' distribution network.
Franklin Electric (NASDAQ: FELE) has scheduled its fourth quarter and fiscal year 2024 earnings release for Tuesday, February 18, 2025, at 8:00 am ET. A conference call to discuss the results will follow at 9:00 am ET. The earnings call will be accessible via a live webcast in listen-only mode, with a Q&A portion available for registered participants.
The company has provided registration links for both the webcast and the Q&A session. A replay of the conference call will be available from February 18 through February 25, 2025. Franklin Electric specializes in systems and components for water and energy movement, serving residential, commercial, agricultural, industrial, municipal, and fueling applications globally.
Franklin Electric (NASDAQ: FELE) has announced a quarterly cash dividend increase of 6 percent to $0.265 per share, payable February 20, 2025, to shareholders of record on February 6, 2025. This marks the company's 33rd consecutive year of dividend increases, demonstrating its commitment to shareholder returns and business confidence.
The company, a global leader in water and energy movement systems and components, serves residential, commercial, agricultural, industrial, municipal, and fueling applications worldwide. Franklin Electric has been recognized in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as USA Today's America's Climate Leaders 2024.
Franklin Electric reported Q3 2024 financial results with net sales of $531.4 million, down 1% year-over-year. The company's Water Systems and Distribution segments saw modest growth of 2% and 1% respectively, while Fueling Systems declined 10%. Operating income was $73.5 million with a 13.8% margin, and EPS reached $1.17, down from $1.23 in Q3 2023. Due to macro pressures and weather impacts, the company lowered its full-year 2024 guidance to approximately $2.00 billion in sales and adjusted EPS to $3.75-$3.85.
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.