Franklin Electric Reports Record First Quarter 2021 Results
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Franklin Electric (FELE) Tops Q4 EPS by 23c, Revenues Beat
April 27, 2021 8:03 AM EDTFranklin Electric (NASDAQ: FELE) reported Q4 EPS of $0.59, $0.23 better than the analyst estimate of $0.36. Revenue for the quarter came in at $333 million versus the consensus estimate of $301.23 million.
First Quarter 2021 Highlights
Record sales of $333.0 million, compared to first quarter 2020 sales of $266.8 million, an increase of 25%Strong organic sales growth for Distribution of 31% and Water Systems of 18%Operating income was $33.8 million, compared to first quarter operating... More