Franklin Electric (FELE) Tops Q4 EPS by 1c

Franklin Electric (NASDAQ: FELE) reported Q4 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $239.6 million versus the consensus estimate of $227.85 million.

Gregg Sengstack, Franklin Electric’s Chairman and Chief Executive Officer, commented:

“Overall, we’re pleased with the Company’s results in the fourth quarter, particularly the performance of our Water Systems segment. Strong sales performance in the U.S and Canada led the way with overall Water segment organic sales growth of 9 percent. Our Water Systems adjusted operating income margin was 30 basis points higher in the fourth quarter than the same quarter of 2015. Our Fueling Systems segment recorded record sales in the fourth quarter with an organic sales growth of 11 percent after excluding the impact of foreign currency translation.”

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

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