Franklin Electric

Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. It operates through the following business segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment designs, manufactures, and sells water pumping systems, submersible motors, pumps, electronic controls, and related parts and equipment. The Fueling Systems segment produces and markets fuel pumping, fuel containment, and monitoring and control systems. It also offers pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment. The Distribution Segment sells to and provides pre sale support and specifications to the installing contractors. The company was founded by Edward J. Schaefer and T. Wayne Kehoe in 1944 and is headquartered in Fort Wayne, IN.

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Franklin Electric surpasses 2023 goals early amidst segment growth

Franklin Electric's Q4 performance was robust, driven by strong sales across all segments. While facing challenges in the Distribution segment, the company exceeded its 2023 financial targets early, setting a positive trajectory for the future.

Franklin Electric reports record Q1 performance and raises full-year guidance

Franklin Electric's Q1 2023 performance reflects robust sales, income, and earnings growth, driven by strong global demand and operational excellence.
While facing challenges in the Distribution segment, the company's strengths in Water and Fueling Systems demonstrate growth potential and profitability.
Opportunities lie in capitalizing on global demand, refining pricing strategies, exploring M&A, and enhancing operational efficiency for sustained growth.
Overall, Franklin Electric's positive outlook, shareholder value initiatives, and industry recognition position the company well for future success and market leadership.

Franklin Electric posts record Q2 results, affirms full-year guidance

Franklin Electric's Q2 2023 performance reflects strong sales and earnings growth, driven by key segments.
While facing challenges in certain segments, the company's focus on cost efficiency and sustainability initiatives bodes well for the future.
Maintaining full-year guidance reaffirms confidence in continued growth and operational resilience.

Franklin Electric faces challenges in Q3 but Water Systems shine

Franklin Electric's Q3 2023 earnings call reflected a mixed performance across its business segments, with notable strengths in Water Systems and challenges in Distribution and Fueling. The company revised its full-year guidance, expecting sales in the range of $2.05 billion to $2.15 billion and earnings per share between $4.07 and $4.17. Improved operating cash flow generation was a positive highlight for the period.

Franklin Electric reports resilient performance amidst challenges, eyes growth opportunities

Franklin Electric's Q4 2023 performance reflected challenges in certain segments but overall resilience in managing operating income and margins. Strong cash flow generation and a conservative capital structure position the company well for future growth and strategic investments.
While facing challenges such as weather impacts and inventory destocking, Franklin Electric remains committed to financial discipline, dividend payments, and pursuing growth opportunities through acquisitions. The company's focus on managing working capital and cash flow conversion highlights its operational efficiency and stability.
With a clear outlook for 2024 and a history of dividend increases, Franklin Electric aims to navigate market challenges by leveraging its strengths in cash flow generation and strategic acquisitions. By addressing segment-specific challenges and capitalizing on growth prospects, the company seeks to drive value creation and sustained performance.

Franklin Electric navigates challenges, maintains guidance, eyes growth opportunities

Franklin Electric faced challenges in Q1 but maintained guidance and improved cash flow. The company's focus on shareholder returns and confidence in its outlook signal resilience amidst macroeconomic pressures. Opportunities for growth lie in capital allocation strategies and improving performance as conditions normalize.

Franklin Electric reports solid Q2 results amidst market challenges

Franklin Electric's Q2 2024 performance reflected resilience amid external challenges, with a focus on operational efficiency and margin improvement.
While facing headwinds, the company maintained its full-year sales guidance but adjusted EPS expectations.
New CEO's optimism for future growth signals a strategic vision for value creation and navigating market uncertainties.
Strategic initiatives and cost management will be crucial in addressing challenges and capitalizing on growth opportunities.

Franklin Electric Q3 2024: Challenges in Sales, Strong Operational Performance

Franklin Electric faced challenges in Q3 due to macro trends impacting sales, but maintained strong operational performance. Lower-than-anticipated sales led to a revised full-year guidance. The company is focusing on cost reduction efforts and remains committed to meeting global water needs for growth.

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Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. It operates through the following business segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment designs, manufactures, and sells water pumping systems, submersible motors, pumps, electronic controls, and related parts and equipment. The Fueling Systems segment is involved in the producing and marketing of fuel pumping, fuel containment, and monitor and control systems. The Distribution Segment offers pre-sale support and specifications to the installing contractors. The company was founded by Edward J. Schaefer and T. Wayne Kehoe in 1944 and is headquartered in Fort Wayne, IN.

Franklin Electric (FELE) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.64 per share a year ago.

Franklin Electric (FELE) Q1 Earnings and Revenues Top Estimates

First Quarter 2023 Highlights Sales of $484.6 million, an increase of 7% over the prior year, a first quarter record Record first quarter sales in all three segments; Water Systems increased 12%, Distribution increased 6%, and Fueling Systems increased less than 1% Operating income was a first quarter record at $52.6 million, an increase of 32% over the prior year GAAP fully diluted earnings per share (EPS) was $0.79, an increase of $0.16 over the prior year FORT WAYNE, Ind., May 02, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. today announced first quarter financial results for fiscal year 2023.

Franklin Electric Reports Record First Quarter 2023 Results

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FORT WAYNE, Ind., April 18, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its first quarter 2023 earnings at 8:00 am ET on Tuesday, May 2, 2023. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The first quarter 2023 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

Franklin Electric Schedules Its First Quarter 2023 Earnings Release And Conference Call

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FORT WAYNE, Ind., April 03, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) has been named to Newsweek magazine's list of America's Most Trustworthy Companies 2023 – the Company's second consecutive win. This national recognition is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider.

Newsweek Names Franklin Electric to List of America's Most Trustworthy Companies 2023

FORT WAYNE, Ind., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors approved a 1,000,000 share increase to its stock repurchase program. This is in addition to the approximately 216,000 shares that remain authorized for repurchase under the existing stock repurchase program.

Franklin Electric Announces an Increase in its Stock Repurchase Program

Franklin Electric Co., Inc. (NASDAQ:FELE ) Q4 2022 Results Conference Call February 14, 2023 9:00 AM ET Company Participants Jeff Taylor - Chief Financial Officer Gregg Sengstack - Chairperson and Chief Executive Officer Conference Call Participants Mike Halloran - R.W. Baird Matt Summerville - D.A.

Franklin Electric Co., Inc. (FELE) Q4 2022 Earnings Call Transcript

Franklin Electric (FELE) delivered earnings and revenue surprises of -9.68% and 1.54%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin Electric (FELE) Q4 Earnings Lag Estimates

Franklin Electric Reports Record Fourth Quarter 2022 and Full Year 2022 Results

FORT WAYNE, Ind., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its fourth quarter and fiscal year 2022 earnings at 8:00 am ET on Tuesday, February 14, 2023. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The fourth quarter and fiscal year 2022 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

Franklin Electric Schedules Its Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference Call

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Franklin Electric Co. said Monday it will raise its quarterly dividend to 22.5 cents per share, that represents a 15.3% increase from the prior dividend of 19.5 cents a share. The new dividend will be payable Feb. 16 to shareholders of record on Feb. 2.

Franklin Electric raises quarterly dividend, to boost implied yield above 1%

FORT WAYNE, Ind., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.225 per share payable February 16, 2023, to shareholders of record on February 2, 2023. This represents a 15 percent increase from the prior quarterly dividend.

Franklin Electric Declares Payment of Increased Quarterly Cash Dividend

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FORT WAYNE, Ind., Nov. 18, 2022 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE), a global leader in the production and marketing of systems and components for the movement of water and fuel, announced today that Gregg Sengstack, Chairperson and Chief Executive Officer, will be participating in a fireside chat and will host one-on-one investor meetings at the Credit Suisse 10th Annual Global Industrials Conference on Wednesday, November 30th at 8:00 am ET in Palm Beach, FL.

Franklin Electric to Participate in Credit Suisse 10th Annual Global Industrials Conference

Franklin Electric Co., Inc. (NASDAQ:FELE ) Q3 2022 Earnings Conference Call October 25, 2022 9:00 AM ET Company Participants Jeff Taylor - Chief Financial Officer Gregg Sengstack - Chairperson and Chief Executive Officer Conference Call Participants Walter Liptak - Seaport Global Matt Summerville - D.A. Davidson Ryan Connors - North Coast Research Operator Good day and thank you for standing by.

Franklin Electric Co., Inc. (FELE) Q3 2022 Earnings Call Transcript

Franklin Electric (FELE) delivered earnings and revenue surprises of -1.56% and 1.31%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Franklin Electric (FELE) Q3 Earnings and Revenues Lag Estimates

Franklin Electric Reports Record Third Quarter 2022 Results

FORT WAYNE, Ind., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its third quarter 2022 earnings at 8:00 am ET on Tuesday, October 25, 2022. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The third quarter 2022 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

Franklin Electric Schedules Its Third Quarter 2022 Earnings Release and Conference Call

The document highlights the Company's continued commitment to global Environmental, Social and Governance efforts. FORT WAYNE, Ind.

Franklin Electric Releases 2022 Sustainability Report

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Franklin Electric (FELE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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News for Franklin Electric Stock (FELE)