Franklin Electric (FELE) Misses Q1 EPS by 2c

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Go back to Franklin Electric (FELE) Misses Q1 EPS by 2c

Franklin Electric Reports First Quarter 2016 Sales and Earnings

May 2, 2016 8:03 AM EDT

FORT WAYNE, Ind., May 02, 2016 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported first quarter 2016 adjusted earnings per share (EPS) of $0.29 compared to 2015 first quarter adjusted EPS of $0.32, a 9 percent decrease (see table below for a reconciliation of GAAP EPS to the adjusted EPS).  In the first quarter of 2016, the Companys GAAP fully diluted EPS was $0.28, down versus the GAAP fully diluted EPS of $0.41 from the first quarter of 2015.

First quarter 2016 sales were $218.4 million, a decrease of 3 percent compared to 2015 first quarter sales of $225.7 million. The Companys organic... More