Franklin Electric: Q4 Financial Results Overview

Franklin Electric Announces Fourth-Quarter Earnings

Franklin Electric Co., headquartered in Fort Wayne, Indiana, revealed a net income of $39.3 million for the fourth quarter.

The company reported earnings of $0.87 per share during this period.

These results fell short of analysts’ expectations, as a consensus of three analysts surveyed by Zacks Investment Research had projected earnings of $0.89 per share.

During the quarter, the manufacturer specializing in water and fuel pumping systems generated $506.9 million in revenue.

For the entire fiscal year, Franklin Electric achieved a profit of $147.1 million, translating to $3.22 per share, with annual revenue reaching $2.13 billion.

Looking ahead, the company anticipates full-year earnings to range between $4.40 and $4.60 per share, and expects revenue to fall between $2.17 billion and $2.24 billion.