Brief: Franklin Electric Reports Q2 EPS Of $0.52

FRANKLIN ELECTRIC

28/07/2020 13:07

July 28 (Reuters) - Franklin Electric Co Inc  FELE.O :
    * FRANKLIN ELECTRIC REPORTS SECOND QUARTER 2020 SALES AND
EARNINGS
    * Q2 GAAP EARNINGS PER SHARE $0.52
    * Q2 SALES $308.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$298.3
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.45 -- REFINITIV IBES
DATA
    * SEES FY 2020 EARNINGS PER SHARE $1.75 TO $1.90 EXCLUDING
ITEMS
    * Q2 EARNINGS PER SHARE $0.54 EXCLUDING ITEMS
    * WATER SYSTEMS AND DISTRIBUTION BUSINESSES ARE BUILDING
MOMENTUM
HEADING INTO BACK HALF OF THIS YEAR
    * BELIEVE Q3 AND Q4 FUELING BUSINESS REVENUE DECLINES VERSUS
2019
RESULTS WILL BE SEQUENTIALLY REDUCED
    * ESTIMATE FREE CASH FLOW CONVERSION WILL BE BETWEEN 130 AND
150
PERCENT OF NET INCOME FOR FY 2020

Source text for Eikon:  ID:nGNX2D4bmw 
Further company coverage:  FELE.O 

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