Franklin Electric (FELE) PT Raised to $52 at Baird Following 4Q
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Franklin Electric Reports Record Fourth Quarter and Full Year 2018 Sales and Earnings
February 19, 2019 8:02 AM ESTFORT WAYNE, Ind., Feb. 19, 2019 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported fourth quarter 2018 GAAP fully diluted earnings per share (EPS) of $0.51, versus a GAAP fully diluted EPS in the fourth quarter 2017 of $0.17. Fourth quarter 2018 sales were $316.7 million, compared to 2017 fourth quarter sales of $288.2 million. Fourth quarter 2018 organic sales increased about 9 percent when excluding the impact of foreign currency translation. Fourth quarter EPS before the impact of restructuring expenses was $0.52 compared to 2017 fourth quarter EPS before restructuring of $0.21 (see table below for a reconciliation of GAAP EPS to EPS before... More
