Franklin Electric Co, Inc. (FELE) Reports In-Line Q2 EPS

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Go back to Franklin Electric Co, Inc. (FELE) Reports In-Line Q2 EPS

Franklin Electric Reports Record Second Quarter 2014 Sales

July 28, 2014 4:05 PM EDT

FORT WAYNE, Ind., July 28, 2014 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (Nasdaq: FELE) reported second quarter 2014 adjusted earnings per share (EPS) of $0.60 compared to 2013 second quarter adjusted EPS of $0.59, a 2 percent increase (see table below for a reconciliation of GAAP EPS to the adjusted EPS). In the second quarter of 2014, the Company's GAAP fully diluted EPS was $0.55 which was down 5 percent to the GAAP fully diluted EPS from the second quarter of 2013.

Second quarter 2014 sales were $284.5 million, an increase of 8 percent compared to 2013 second quarter sales of $263.4 million. The Company's organic sales growth... More