Franklin Electric Reports First Quarter 2019 Sales and Earnings
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Wall St set for higher open after Micron revives AI optimism, upbeat economic data
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
Franklin Electric (FELE) Misses Q1 EPS by 19c, Revenues Miss; Affirms FY19 EPS Mid-Point Guidance Above Consensus
April 23, 2019 8:03 AM EDTFranklin Electric (NASDAQ: FELE) reported Q1 EPS of $0.21, $0.19 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $290.7 million versus the consensus estimate of $305.52 million.
Gregg Sengstack, Franklin Electrics Chairman and Chief Executive Officer, commented:
Our first quarter 2019 net sales results were meaningfully below our expectations and were the primary driver of our lower earnings in the quarter. The key factors that contributed to the lower than expected net sales included adverse winter weather conditions in North America that hurt all our operating segments, and weak international end... More
