Franklin Electric (FELE) Tops Q4 EPS by 23c, Revenues Beat
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Franklin Electric Reports Record First Quarter 2021 Results
April 27, 2021 8:00 AM EDTFirst 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 income in 2020 of $13.8 million, an increase of a 144%GAAP fully diluted earnings per share (EPS) was $0.59, versus GAAP fully diluted EPS in the first quarter 2020 of $0.23, an increase of 157%Working capital as a percent of trailing twelve months sales... More