Franklin Electric (FELE) Tops Q3 EPS by 1c, Offers Guidance

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Go back to Franklin Electric (FELE) Tops Q3 EPS by 1c, Offers Guidance

Franklin Electric Reports Record Third Quarter 2022 Results

October 25, 2022 8:00 AM EDT

Third Quarter 2022 Highlights

Record sales of $551.7 million, compared to third quarter 2021 sales of $459.0 million, an increase of 20%Strong organic sales growth in all three Segments; Distribution 22%, Water Systems 19%, and Fueling Systems 13%Operating income was a third quarter record at $80.0 million, compared to third quarter operating income in 2021 of $56.6 million, an increase of 41%GAAP fully diluted earnings per share (EPS) was $1.24, a new third quarter record2022 FY net sales guidance is updated to $2.0 billion to $2.1... More