Franklin Electric (FELE) Tops Q2 EPS by 9c

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Go back to Franklin Electric (FELE) Tops Q2 EPS by 9c

Franklin Electric Reports Second Quarter 2020 Sales and Earnings

July 28, 2020 8:00 AM EDT

FORT WAYNE, Ind., July 28, 2020 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported second quarter 2020 GAAP fully diluted earnings per share (EPS) of $0.52, versus a GAAP fully diluted EPS in the second quarter 2019 of $0.70.  Second quarter 2020 sales were $308.3 million, compared to 2019 second quarter sales of $355.3 million.  Second quarter EPS before the impact of restructuring expenses was $0.54 compared to 2019 second quarter EPS before restructuring of $0.70 (see table below for a reconciliation of GAAP EPS to EPS before restructuring). 

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

Although our second quarter... More