Franklin Electric (FELE) Tops Q3 EPS by 6c
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Franklin Electric Reports Record Third Quarter 2021 Results
October 26, 2021 8:00 AM EDTThird Quarter 2021 Highlights
Record sales of $459.0 million, compared to third quarter 2020 sales of $351.2 million, an increase of 31%Strong organic sales growth in all three Segments; Distribution 30%, Fueling Systems 18%, and Water Systems 11%Operating income was $56.6 million, compared to third quarter operating income in 2020 of $48.4 million, an increase of 17%GAAP fully diluted earnings per share (EPS) was $0.98, a record for any quarterWorking capital as a percent of trailing twelve months sales improved 150 basis points to 27.6%... More