Franklin Electric Beats Q2 Estimates, Raises Full-Year Outlook
FELE sits 19% above its 52-week low of $89.535.
Summary
Franklin Electric delivered a strong Q2, with sales of $622.9M beating the $605.95M consensus and adjusted EPS of $1.55 topping the $1.44 estimate. Organic growth and recent acquisitions drove the 6% sales increase, while price hikes and higher volumes boosted segment results. Management raised full-year guidance: revenue now seen at $2.21B-$2.29B and adjusted EPS at $4.50-$4.70, reflecting confidence in sustained demand across dewatering, pressure-boosting, and water treatment. This follows a solid Q1 and the $50M acquisition of three water treatment companies in May, which is already contributing. The stock trades near its 52-week high, and the raised outlook suggests the momentum continues.
At the time of this announcement, FELE was trading at $106.12 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $89.54 to $111.53. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.