Franklin Electric Co Inc (FELE) released a profit for third quarter that Decreased from last year but beat the Street estimates.
The company's earnings came in at $16.738 million, or $0.37 per share. This compares with $54.596 million, or $1.17 per share, last year.
Excluding items, Franklin Electric Co Inc reported adjusted earnings of $1.30 per share for the period.
Analysts on average had expected the company to earn $1.29 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.5% to $581.714 million from $531.438 million last year.
Franklin Electric Co Inc earnings at a glance (GAAP) :
-Earnings: $16.738 Mln. vs. $54.596 Mln. last year.-EPS: $0.37 vs. $1.17 last year.-Revenue: $581.714 Mln vs. $531.438 Mln last year.
Looking ahead, the company expects its annual earnings and revenue to be in line with analysts’ estimates.
Franklin Electric, said: “The company is maintaining the midpoint of its guidance for full year 2025 sales to be in the range of $2.09 billion to $2.15 billion and full-year 2025 EPS to be in the range of $4.00 to $4.20 without the impact of the pension termination.”
Analysts, on average, forecast the company to earn $4.16 per share, on revenue of $2.12 billion, for the full year.
The company terminated its US Pension Plan for a pre-tax settlement charge of $55.3 million ($41.7 million net of tax) and an EPS impact of around $0.93 per share net of tax.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.