Franklin Electric (FELE) Tops Q2 EPS by 20c, Offers Guidance
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Franklin Electric Reports Record Second Quarter 2022 Results
July 26, 2022 8:00 AM EDTSecond Quarter 2022 Highlights
Record sales of $551.1 million, compared to second quarter 2021 sales of $437.3 million, an increase of 26%Strong organic sales growth in all three Segments; Water Systems 27%, Fueling Systems 21%, and Distribution 18%Operating income was a record at $81.0 million, compared to second quarter operating income in 2021 of $51.6 million, an increase of 57%GAAP fully diluted earnings per share (EPS) was $1.26, a new record for any quarter2022 FY net sales guidance is updated to $2.00 billion to $2.15 billion and... More