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Franklin Electric Co. (FELE)
NASDAQ:FELE
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.67Last Year’s EPS
$0.82Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -3.86%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational execution and positive order patterns as the company heads into 2025. However, the decline in sales, particularly in the Fueling Systems segment, higher SG&A expenses, and lowered full-year guidance present significant challenges. The overall sentiment is balanced, reflecting both achievements and areas of concern.Company Guidance
During Franklin Electric's Q3 2024 earnings call, the company reported sales of $531 million, a 1% year-over-year decline, with a notable decrease in the Fueling Systems segment by 10%. The operating income margin was 13.8%, slightly down from 14.5% in Q3 2023, primarily due to increased SG&A expenses, which rose to $116 million from $107.7 million the previous year. Despite these challenges, the Water Systems segment achieved a 17.5% operating income margin, setting a new third-quarter record. The company's fully diluted earnings per share were $1.17, down from $1.23 in Q3 2023, and they revised their full-year 2024 guidance, lowering sales expectations to approximately $2 billion and EPS to a range of $3.75 to $3.85. Additionally, Franklin Electric announced potential restructuring charges of $3 million to $5 million, not included in their current guidance.Record Operating Margin in Fueling Systems
Achieved a strong operating margin performance in the third quarter of 13.8%, led by the Fueling Systems segment despite a decline in sales.
Positive Order Patterns
Order patterns across most businesses are positive, providing confidence as the company heads into 2025.
Strong Operational Execution
Higher gross profit due to strong operational execution, supported by a global business, diverse customer base, and wide portfolio of products.
Recognition for Commitment to Service
The company received external recognition from Newsweek, USA Today, and the Indiana Chamber of Commerce for its commitment to service and workplace culture.
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FELE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FELE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $102.32 | $95.87 | -6.30% |
| Jul 23, 2024 | $103.81 | $99.36 | -4.29% |
| Apr 30, 2024 | $102.50 | $95.58 | -6.75% |
| Feb 13, 2024 | $99.27 | $94.90 | -4.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Franklin Electric Co. (FELE) report earnings?
Franklin Electric Co. (FELE) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Franklin Electric Co. (FELE) earnings time?
Franklin Electric Co. (FELE) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FELE EPS forecast?
FELE EPS forecast for the fiscal quarter 2024 (Q4) is $0.67.
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