Franklin Electric (FELE) Misses Q1 EPS by 3c, Miss on Revenues; Reaffirms FY Adj. EPS Guidance

Franklin Electric (NASDAQ: FELE) reported Q1 EPS of $0.33, $0.03 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $220.3 million versus the consensus estimate of $227.2 million.

Commenting on the outlook, Mr. Sengstack said:

“Despite the slow start in the U.S. and Canada groundwater markets, we remain positive about the balance of 2017 and our ability to achieve organic top line growth in the five to seven percent range for our pre-acquisition segments. This growth allows us to reaffirm our 2017 adjusted earnings per share guidance range of $1.77 to $1.87.

GUIDANCE:

Franklin Electric sees Q2 2017 EPS of $1.77-$1.87, versus the consensus of $1.83.

For earnings history and earnings-related data on Franklin Electric (FELE) click here.

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