Franklin Electric Co, Inc. (FELE) Misses Q1 EPS by 1c
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Franklin Electric Reports Record First Quarter 2014 Sales and Earnings
April 29, 2014 4:05 PM EDTFORT WAYNE, Ind., April 29, 2014 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (Nasdaq: FELE) reported first quarter 2014 adjusted earnings per share (EPS) of $0.35 compared to 2013 first quarter adjusted EPS of $0.33, a 6 percent increase (see table below for a reconciliation of GAAP EPS to the adjusted EPS). In the first quarter of 2014, the Company's GAAP fully diluted EPS was $0.35 which was up 9 percent to the GAAP fully diluted EPS from the first quarter of 2013.
First quarter 2014 sales were $231.4 million, an increase of 4 percent compared to 2013 first quarter sales of $222.5 million. The Company's organic sales growth was... More
