Hilliard Lyons Upgrades Franklin Electric (FELE) to Neutral
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Franklin Electric Reports Third Quarter 2015 Sales and Earnings
October 27, 2015 8:01 AM EDTFORT WAYNE, Ind., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported third quarter 2015 adjusted earnings per share (EPS) of $0.45 compared to 2014 third quarter adjusted EPS of $0.50, a 10 percent decrease (see table below for a reconciliation of GAAP EPS to the adjusted EPS). In the third quarter of 2015, the Company's GAAP fully diluted EPS was $0.43, down 7 percent to the GAAP fully diluted EPS from the third quarter of 2014.
Third quarter 2015 sales were $232.5 million, a decrease of 16 percent compared to 2014 third quarter sales of $278.1 million. The Company's organic sales decline was 7 percent... More
