Franklin Electric (FELE) Tops Q2 EPS by 3c; Maintains Outlook
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Franklin Electric Reports Record Second Quarter 2021 Results
July 27, 2021 8:06 AM EDTSecond Quarter 2021 Highlights
Record sales of $437.3 million, compared to second quarter 2020 sales of $308.3 million, an increase of 42%Strong organic sales growth in all three Segments: Distribution 41%; Fueling Systems 27%; and Water Systems 23%Operating income was $51.6 million, compared to second quarter 2020 operating income of $33.9 million, an increase of 52%GAAP fully diluted earnings per share (EPS) was $0.83 a record for any quarterWorking capital as a percent of trailing twelve months sales improved 450 basis points to 27.2%... More