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 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.
Summary not available.
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.
Franklin Electric Co. (NASDAQ: FELE) has declared a quarterly cash dividend of $0.195 per share, payable on August 18, 2022, to shareholders on record as of August 4, 2022. This dividend reflects Franklin Electric's commitment to returning value to its shareholders. As a prominent player in the water and fuel movement systems industry, the company serves diverse sectors including residential, commercial, and industrial markets.
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.
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