Franklin Electric Reports Q4 Earnings Beat, Raises Guidance
FORT WAYNE, Ind. - Franklin Electric Co. (FELE) reported fourth-quarter earnings of $33.7 million, or $0.72 per share, exceeding analysts' estimates of $0.69 per share.
Revenue reached $485.7 million, also surpassing expectations.
For the full year, Franklin Electric posted earnings of $180.3 million, or $3.86 per share, on revenue of $2.02 billion.
The company raised its full-year earnings guidance to a range of $4.05 to $4.25 per share, with revenue expected between $2.09 billion and $2.15 billion.