Franklin Electric (FELE) Tops Q4 EPS by 22c; Offers 2022 Guidance
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Franklin Electric Reports Record Fourth Quarter 2021 and Record Full Year 2021 Results
February 15, 2022 8:00 AM ESTFourth Quarter 2021 Highlights
Record sales of $432.5 million, compared to fourth quarter 2020 sales of $321.1 million, an increase of 35%Strong organic sales growth in all three Segments; Distribution 39%, Water Systems 23%, and Fueling Systems 21%Operating income was a record at $47.2 million, compared to fourth quarter operating income in 2020 of $34.4 million, an increase of 37%GAAP fully diluted earnings per share (EPS) was $0.85, a new record for any fourth quarterWorking capital as a percentage of trailing twelve months sales... More