Franklin Electric (FELE) Tops Q3 EPS by 20c, Revenues Beat
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Franklin Electric Reports Third Quarter 2020 Sales and Earnings
October 27, 2020 8:00 AM EDTFORT WAYNE, Ind., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported third quarter 2020 GAAP fully diluted earnings per share (EPS) of $0.82, versus a GAAP fully diluted EPS in the third quarter 2019 of $0.72. Third quarter 2020 sales were $351.2 million, compared to 2019 third quarter sales of $348.4 million. Third quarter EPS before the impact of restructuring expenses was $0.83 compared to 2019 third quarter EPS before restructuring of $0.73 (see table below for a reconciliation of GAAP EPS to EPS before restructuring). Â
Gregg Sengstack, Franklin Electrics Chairman and Chief Executive Officer, commented:
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