Franklin Electric Reports Record Third Quarter 2018 Sales and Earnings
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Franklin Electric (FELE) Misses Q3 EPS by 4c; Lowers FY18 EPS Outlook Below Consensus
October 26, 2018 8:04 AM EDTFranklin Electric (NASDAQ: FELE) reported Q3 EPS of $0.63, $0.04 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $341.9 million versus the consensus estimate of $342.23 million.
Gregg Sengstack, Franklin Electrics Chairman and Chief Executive Officer, commented:
Our third quarter earnings were a record for any third quarter in the Companys history. Our earnings per share grew by over 20 percent from the third quarter 2017. Our consolidated organic sales growth before the impact of... More
