Franklin Elec Inc Stock Price, News & Analysis

Franklin Electric Co. (NASDAQ: FELE) is set to release its Q2 2022 earnings on July 26, 2022, at 8:00 AM ET, followed by a conference call at 9:00 AM ET to discuss the results. The call will be available via a live webcast. Interested participants can register for the Q&A session, which encourages early joining. The company, recognized as a leader in water and fuel movement systems, also provides cautionary notes regarding forward-looking statements and the associated risks impacting business performance.

Franklin Electric Co. has appointed Chris Villavarayan as a director, effective May 6, 2022. Villavarayan, previously the CEO of Meritor, brings extensive operational and manufacturing expertise. His background includes roles in overseeing global operations within Meritor's truck and industrial divisions. Franklin Electric anticipates that Villavarayan's leadership will enhance the board's deliberations. The company is recognized as a leader in water and fuel movement systems, serving various sectors globally.

Franklin Electric Co. reported a record first quarter in 2022 with sales reaching $451.5 million, a 36% increase from $333.0 million in Q1 2021. Operating income rose to $39.9 million, up 18% year-over-year. Earnings per share (EPS) hit a record $0.63, compared to $0.59 in 2021. All segments showed strong organic growth: Fueling Systems up 29%, Water Systems 27%, and Distribution 26%. Despite ongoing supply chain challenges, the company maintains its 2022 guidance for sales between $1.90 billion and $2.05 billion.

Franklin Electric Co. (NASDAQ: FELE) has declared a quarterly cash dividend of $0.195 per share, set to be paid on May 19, 2022. Shareholders on record as of May 5, 2022 will qualify for this dividend. The company excels in producing systems and components for moving water and fuel, catering to diverse sectors including residential, commercial, agricultural, and industrial markets worldwide.

Franklin Electric Co., Inc. (NASDAQ: FELE) is set to announce its first quarter 2022 earnings on April 26, 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. Interested parties can dial in for questions using provided domestic and international numbers. A replay of the call will be available from April 26 at noon ET until May 3, 2022. Franklin Electric specializes in water and fuel movement systems, serving various markets worldwide.

Franklin Electric Co. reported record fourth quarter sales of $432.5 million, up 35% from $321.1 million a year earlier. Operating income rose 37% to $47.2 million, with GAAP EPS of $0.85, a new record. Full year 2021 sales reached $1.6619 billion, up 33%, with operating income at $189.2 million, up 45%. GAAP EPS for 2021 was $3.25, a 52% increase from 2020. The company achieved strong growth across all segments, driven by acquisitions and market demand despite supply chain challenges.

Franklin Electric Co., Inc. (NASDAQ: FELE) is set to release its fourth quarter and fiscal year 2021 earnings on February 15, 2022, at 8:00 am ET. This will be followed by a conference call at 9:00 am ET to discuss earnings and related developments, accessible via a live webcast. Franklin Electric is a leader in water and fuel movement systems serving various sectors globally. The company cautions that its forward-looking statements are subject to various risks and uncertainties that may impact actual results.

On January 24, 2022, Franklin Electric Co. (NASDAQ: FELE) announced a quarterly cash dividend of $0.195 per share, payable on February 17, 2022, to shareholders of record by February 3, 2022. This marks an 11% increase from the previous quarter’s dividend and signifies the 30th consecutive year of dividend growth for the company. This dividend increase reflects Franklin Electric's ongoing commitment to returning cash to its shareholders and underscores confidence in the company's future outlook.