Franklin Electric (FELE) Misses Q2 EPS by 4c
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July 28, 2015 8:05 AM EDT
FORT WAYNE, Ind., July 28, 2015 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported second quarter 2015 adjusted earnings per share (EPS) of $0.35 compared to 2014 second quarter adjusted EPS of $0.60, a 42 percent decrease (see table below for a reconciliation of GAAP EPS to the adjusted EPS). In the second quarter of 2015, the Company's GAAP fully diluted EPS was $0.33, down 40 percent to the GAAP fully diluted EPS from the second quarter of 2014.
Second quarter 2015 sales were $247.4 million, a decrease of 13 percent compared to 2014 second quarter sales of $284.5 million. The Company's organic sales decline was 8 percent... More
July 28, 2015 8:05 AM EDT
FORT WAYNE, Ind., July 28, 2015 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported second quarter 2015 adjusted earnings per share (EPS) of $0.35 compared to 2014 second quarter adjusted EPS of $0.60, a 42 percent decrease (see table below for a reconciliation of GAAP EPS to the adjusted EPS). In the second quarter of 2015, the Company's GAAP fully diluted EPS was $0.33, down 40 percent to the GAAP fully diluted EPS from the second quarter of 2014.
Second quarter 2015 sales were $247.4 million, a decrease of 13 percent compared to 2014 second quarter sales of $284.5 million. The Company's organic sales decline was 8 percent... More
