Franklin Electric (FELE) Tops Q4 EPS by 1c

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Go back to Franklin Electric (FELE) Tops Q4 EPS by 1c

Franklin Electric Reports Fourth Quarter 2016 Sales and Earnings

February 21, 2017 8:00 AM EST

FORT WAYNE, Ind., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported fourth quarter 2016 GAAP fully diluted earnings per share (EPS) of $0.37, versus a GAAP fully diluted EPS in the fourth quarter 2015 of $0.33, an increase of 12 percent.  In the fourth quarter of 2016, the Companys adjusted EPS was $0.38 compared to 2015 fourth quarter adjusted EPS of $0.35, a 9 percent increase (see table below for a reconciliation of GAAP EPS to the adjusted EPS).

Fourth quarter 2016 sales were $239.6 million, an increase of 9 percent compared to 2015 fourth quarter sales of $219.3 million.  The Companys organic... More