Franklin Electric (FELE) Reports In-Line Q4 EPS
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Franklin Electric Reports Fourth Quarter 2019 Sales and Earnings
February 18, 2020 8:01 AM ESTFORT WAYNE, Ind., Feb. 18, 2020 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported fourth quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.42, versus a GAAP fully diluted EPS in the fourth quarter 2018 of $0.51. Fourth quarter 2019 sales were $320.1 million, compared to 2018 fourth quarter sales of $316.7 million. Fourth quarter EPS before the impact of restructuring expenses was $0.43 compared to 2018 fourth quarter EPS before restructuring of $0.52 (see table below for a reconciliation of GAAP EPS to EPS before restructuring).Â
Gregg Sengstack, Franklin Electrics Chairman and Chief Executive Officer, commented:
Our fourth quarter... More
