Franklin Electric (FELE) Misses Q2 EPS by 5c

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Go back to Franklin Electric (FELE) Misses Q2 EPS by 5c

Franklin Electric Reports Second Quarter 2018 Sales and Earnings

July 24, 2018 8:01 AM EDT

FORT WAYNE, Ind., July 24, 2018 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported second quarter 2018 GAAP fully diluted earnings per share (EPS) of $0.64, versus a GAAP fully diluted EPS in the second quarter 2017 of $0.64.  Second quarter 2018 sales were $344.0 million, compared to 2017 second quarter sales of $305.3 million.  Second quarter 2018 organic sales increased about 9 percent when excluding the impact of foreign currency translation.

Gregg Sengstack, Franklin Electrics Chairman and Chief Executive Officer, commented:

Overall, our second quarter results were strong.  Our Water Systems units in the U.S. and Canada grew... More