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.
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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.
Franklin Electric Co. (NASDAQ: FELE) has announced the acquisition of Blake Group Holdings for $27.1 million in cash, finalized on December 31, 2021. Blake, a key player in the groundwater distribution sector with approximately $74 million in annual sales, operates 14 locations in the northeastern U.S. DeLancey Davis, President of Headwater Companies, emphasized that this acquisition enhances their presence in the New York and New England markets, aligning with their goal to lead in water systems distribution.
Franklin Electric reported record third quarter 2021 sales of $459.0 million, a 31% increase from $351.2 million in 2020. Operating income rose to $56.6 million, up 17% year-over-year. The GAAP EPS reached a record $0.98, compared to $0.82 in 2020. All three business segments showed strong organic growth: Distribution at 30%, Fueling Systems at 18%, and Water Systems at 11%. The company raised its full-year EPS guidance to $2.99 to $3.07. Despite ongoing supply chain challenges, Franklin Electric remains focused on growth across its global operations.
Franklin Electric Co., Inc. (NASDAQ: FELE) has declared a quarterly cash dividend of $0.175 per share, payable on November 18, 2021, to shareholders recorded by November 4, 2021. As a leader in water and fuel movement systems, Franklin Electric serves diverse sectors globally, including residential and industrial applications. This move reflects the company's ongoing commitment to returning value to its shareholders while maintaining its leadership position in the market.
Franklin Electric Co. (NASDAQ: FELE) is set to release its third quarter 2021 earnings on October 26, 2021, at 8:00 am ET. A follow-up conference call will be hosted at 9:00 am ET to discuss the earnings and business developments. The call will be accessible via live webcast. Those wishing to ask questions can dial in with specific contact numbers provided for domestic and international callers. A replay of the call will be available shortly after, extending through November 2, 2021. Franklin Electric is recognized as a global leader in water and fuel systems.
Franklin Electric Co. announced impressive financial results for Q2 2021, reporting sales of $437.3 million, a 42% increase from Q2 2020. Operating income soared by 52% to $51.6 million, with GAAP diluted EPS reaching a record $0.83. All segments saw strong organic sales growth: Distribution up 41%, Fueling Systems 27%, and Water Systems 23%. The company maintains its full-year EPS guidance of $2.85 to $3.05. Despite ongoing supply chain challenges, Franklin Electric is confident in its future growth prospects.
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