Franklin Elec Inc Stock Price, News & Analysis

Franklin Electric reported fourth quarter 2022 sales of $489.4 million, a 13% increase from the previous year, achieving record operating income of $56.2 million (+19%). For the full year, sales reached $2.0 billion (+23%), with operating income at $257.2 million (+36%). Despite strong performance, GAAP EPS decreased slightly to $0.84 in Q4 and increased to a record $3.97 for the year (+22%). The Water Systems segment saw record sales of $281.3 million, while Distribution faced challenges with lower operating income due to weather impacts. Full year 2023 guidance anticipates sales between $2.1 billion and $2.2 billion.

Franklin Electric Co. (NASDAQ: FELE) will announce its fourth quarter and fiscal year 2022 earnings on February 14, 2023, at 8:00 AM ET. A conference call to discuss the results will follow at 9:00 AM ET, available via a live webcast. Registration is required for participants wishing to ask questions during the call. The event is set to provide insights into the company's business developments. Franklin Electric specializes in systems and components for water and fuel movement, serving various sectors globally. It holds a strong reputation for technical leadership in its offerings.

Franklin Electric Co. (NASDAQ: FELE) has announced a quarterly cash dividend of $0.225 per share, payable on February 16, 2023, to shareholders of record on February 2, 2023. This marks a significant 15% increase from the previous quarterly dividend and highlights the company's commitment to returning cash to shareholders. This increase will be the 31st consecutive year of dividend growth for Franklin Electric, reflecting confidence in its business outlook, according to CEO Gregg Sengstack.

Franklin Electric is recognized globally for its water and fuel movement systems and components.

Franklin Electric reported record third quarter sales of $551.7 million, a 20% increase from $459.0 million in Q3 2021. Operating income reached a record $80.0 million, growing 41% year-over-year. The company also announced a GAAP fully diluted EPS of $1.24, up from $0.98 in Q3 2021. Amid ongoing strong demand, they revised net sales guidance for FY 2022 to between $2.0 billion and $2.1 billion, with EPS guidance adjusted to $4.08 to $4.18.

Franklin Electric Co. (NASDAQ: FELE) declared a quarterly cash dividend of $0.195 per share, set for payment on November 17, 2022. Shareholders of record on November 3, 2022 will be eligible. Franklin Electric is recognized globally for its expertise in systems and components for moving water and fuel, serving various sectors including residential and industrial. The company's commitment to quality and innovation enhances its market leadership.

Franklin Electric Co. (NASDAQ: FELE) will announce its third quarter 2022 earnings on October 25, 2022, at 8:00 am ET, followed by a conference call at 9:00 am ET. The call will be accessible via a live webcast, offering detailed insights into the company’s performance and strategies.

Franklin Electric is renowned for its systems and components for water and fuel movement, catering to a diverse customer base including residential, commercial, and industrial sectors.

Franklin Electric Co., Inc. announced record second quarter 2022 results, with sales reaching $551.1 million, a 26% increase from the previous year. Operating income also hit a record at $81.0 million, up 57% year-over-year. GAAP fully diluted EPS reached $1.26, surpassing $0.83 from Q2 2021. The company updated its FY 2022 net sales guidance to between $2.00 billion and $2.15 billion and EPS expectations to $4.00 - $4.20.

The Water Systems, Distribution, and Fueling Systems segments all demonstrated strong organic sales growth.