Franklin Electric: Q2 Earnings Insights

Shares of Franklin Electric FELE remained unaffected after the company reported Q2 results.

Quarterly Results

Earnings per share increased 53.70% over the past year to $0.83, which beat the estimate of $0.80.

Revenue of $437,280,000 higher by 41.84% from the same period last year, which beat the estimate of $389,160,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $2.85 and $3.05.

Conference Call Details

Date: Jul 27, 2021

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/br8axpfg

Recent Stock Performance

52-week high: $87.70

Company's 52-week low was at $53.05

Price action over last quarter: Up 1.53%

Company Description

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.