Franklin Electric: Q3 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 08:13 AM ET
Last Updated - Dec 16, 2024, 05:54 PM EST
FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Franklin Electric Co. (FELE) on Tuesday reported third-quarter net income of $54.6 million.
The Fort Wayne, Indiana-based company said it had net income of $1.17 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The water and fuel pumping systems company posted revenue of $531.4 million in the period.
