Brief: Franklin Electric Reports Record Third Quarter 2019 Sales And Earnings

FRANKLIN ELECTRIC

29/10/2019 12:36

Oct 29 (Reuters) - Franklin Electric Co Inc  FELE.O :
    * FRANKLIN ELECTRIC REPORTS RECORD THIRD QUARTER 2019 SALES
AND
EARNINGS
    * Q3 GAAP EARNINGS PER SHARE $0.72
    * Q3 SALES $348.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$353.9
MILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $0.71 -- REFINITIV IBES
DATA
    * Q3 EARNINGS PER SHARE $0.73 EXCLUDING ITEMS
    * INC SAYS EXPECTS Q4 TO BE SIMILAR TO LAST YEAR IN BOTH
REVENUE
AND EARNINGS
    * INC SEES FULL YEAR 2019 EARNINGS PER SHARE BEFORE
RESTRUCTURING
AT LOW END OF CURRENT GUIDANCE
    * INC - ORGANIC SALES GROWTH WAS BELOW EXPECTATIONS IN OUR
WATER
AND FUELING SYSTEMS BUSINESSES
    * ORGANIC SALES GROWTH WAS BELOW EXPECTATIONS IN WATER AND
FUELING
SYSTEMS BUSINESSES

Source text for Eikon:  ID:nGNX56hHGL 
Further company coverage:  FELE.O 

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