Recap: Franklin Electric Q3 Earnings

Shares of Franklin Electric FELE remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share increased 13.70% year over year to $0.83, which beat the estimate of $0.63.

Revenue of $351,190,000 higher by 0.80% year over year, which beat the estimate of $326,650,000.

Looking Ahead

Franklin Electric hasn't issued any earnings guidance for the time being.

Franklin Electric hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 27, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/x8hg92en

Recent Stock Performance

52-week high: $65.16

Company's 52-week low was at $41.25

Price action over last quarter: Up 9.56%

Company Profile

Franklin Electric Co Inc is a U.S.-based company that primarily operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment, which accounts for most of the company's sales, designs, manufactures, and markets water and fuel pumping systems. These solutions are directed mainly at the housing, agriculture, and other industrial sectors. The Fueling Systems segment produces fuel pumping systems, fuel containment systems, and monitoring and control systems for underground gasoline, diesel, and biofuel systems. The Distribution segment serves as a group of wholly owned groundwater distributors under the name Headwater Companies. The company generates roughly half of its revenue from the U.S. market.