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. 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.
Summary not available.
Franklin Electric Co., Inc. (NASDAQ: FELE) has declared a quarterly cash dividend of $0.225 per share, scheduled for payment on May 18, 2023, to shareholders on record as of May 4, 2023. This reflects the company's ongoing commitment to providing returns to its investors. As a global leader in producing and marketing systems for the movement of water and fuel, Franklin Electric serves various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications. The firm maintains a reputation for technical leadership in its industry, positioning itself strategically in the market.
Franklin Electric Co., Inc. (NASDAQ: FELE) is set to release its first quarter 2023 earnings on May 2, 2023, at 8:00 AM ET, followed by a conference call at 9:00 AM ET. The earnings call will be accessible via a live webcast, and interested participants can register for the Q&A session. A replay of the call will be available from May 2 to May 9, 2023. Franklin Electric specializes in systems and components for the movement of water and fuel, serving various sectors including residential, commercial, and industrial. The company’s forward-looking statements caution that actual results may diverge significantly from expectations due to factors like economic conditions, market demand, and regulatory changes.
Summary not available.
Franklin Electric Co. (NASDAQ: FELE) has announced an additional 1,000,000 shares to its stock repurchase program, supplementing the 216,000 shares already authorized. This decision reflects the company's strong operational performance and robust financial standing, signaling the Board’s confidence in its business strategy and growth opportunities.
Franklin Electric is a leader in water and fuel systems, emphasizing its commitment to both profitable growth and returning capital to shareholders through dividends and share repurchases.
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.
Summary not available.
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.