Franklin Electric (FELE) Reports In-Line Q1 EPS; Maintains Outlook

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Go back to Franklin Electric (FELE) Reports In-Line Q1 EPS; Maintains Outlook

Franklin Electric Reports Record First Quarter 2022 Results

April 26, 2022 8:00 AM EDT

First Quarter 2022 Highlights

Record sales of $451.5 million, compared to first quarter 2021 sales of $333.0 million, an increase of 36%Strong organic sales growth in all three Segments; Fueling Systems 29%, Water Systems 27%, and Distribution 26%Operating income was a record at $39.9 million, compared to first quarter operating income in 2021 of $33.8 million, an increase of 18%GAAP fully diluted earnings per share (EPS) was $0.63, a new record for any first quarter

FORT WAYNE, Ind., April 26, 2022 (GLOBE NEWSWIRE) -- Franklin Electric Co.... More