Franklin Electric (FELE) Misses Q3 EPS by 1c; Narrows Outlook
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Franklin Electric Reports Third Quarter 2016 Sales and Earnings
October 25, 2016 8:00 AM EDTFORT WAYNE, Ind., Oct. 25, 2016 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported third quarter 2016 GAAP fully diluted earnings per share (EPS) of $0.50, versus a GAAP fully diluted EPS in the third quarter 2015 of $0.43, an increase of 16 percent. In the third quarter of 2016, the Companys adjusted EPS was $0.48 compared to 2015 third quarter adjusted EPS of $0.45, a 7 percent increase (see table below for a reconciliation of GAAP EPS to the adjusted EPS).
Third quarter 2016 sales were $239.8 million, an increase of 3 percent compared to 2015 third quarter sales of $232.5 million. The Companys organic... More
