Franklin Electric (FELE) Tops Q2 EPS by 2c, Reaffirms FY Guidance

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Go back to Franklin Electric (FELE) Tops Q2 EPS by 2c, Reaffirms FY Guidance

Franklin Electric Reports Second Quarter 2016 Sales and Earnings

July 26, 2016 8:01 AM EDT

FORT WAYNE, Ind., July 26, 2016 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported second quarter 2016 GAAP fully diluted earnings per share (EPS) of $0.50, versus a GAAP fully diluted EPS in the second quarter 2015 of $0.33, an increase of 52 percent.  In the second quarter of 2016, the Companys adjusted EPS was $0.51 compared to 2015 second quarter adjusted EPS of $0.35, a 46 percent increase (see table below for a reconciliation of GAAP EPS to the adjusted EPS).

Second quarter 2016 sales were $252.1 million, an increase of 2 percent compared to 2015 second quarter sales of $247.4 million.  The Companys... More