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Recap: Franklin Electric Q2 Earnings

Benzinga Insights
·1 min read

Shares of Franklin Electric (NASDAQ:FELE) rose 5% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 22.86% year over year to $0.54, which beat the estimate of $0.43.

Revenue of $308,281,000 declined by 13.24% year over year, which beat the estimate of $296,390,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $1.75 and $1.90.

Details Of The Call

Date: Jul 28, 2020

Time: 09:00 AM

View more earnings on FELE

ET Webcast URL: https://edge.media-server.com/mmc/p/ukztoqq9

Price Action

Company's 52-week high was at $61.49

Company's 52-week low was at $41.25

Price action over last quarter: Up 0.84%

Company Overview

Franklin Electric Co Inc is a U.S.-based company that primarily operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment, which accounts for most of the company's sales, designs, manufactures, and markets water and fuel pumping systems. These solutions are directed mainly at the housing, agriculture, and other industrial sectors. The Fueling Systems segment produces fuel pumping systems, fuel containment systems, and monitoring and control systems for underground gasoline, diesel, and biofuel systems. The Distribution segment serves as a group of wholly owned groundwater distributors under the name Headwater Companies. The company generates roughly half of its revenue from the U.S. market.

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