Franklin Electric jumps after upbeat annual sales forecast, Q4 results

FRANKLIN ELECTRIC

18/02/2025 17:03

** Shares of energy and water systems manufacturer Franklin
Electric  FELE.O  up as much as 8.1% at $108.08
    ** Company sees 2025 sales between $2.09 billion and $2.15
billion vs estimates of $2.09 billion, per data compiled by LSEG
    ** Q4 net sales rose 2.7% to $485.7 million, beating
estimates of $469.2 million; EPS of 72 cents beat expectations
of 66 cents
    ** Says quarterly results were driven by strong performance
in Energy Systems segment, which rose 5%
    ** However, sees annual EPS in the range of $4.05 to $4.25,
compared to estimates of $4.30, signaling increased impacts from
restructuring costs, which more than tripled in 2024 compared to
the year before
    ** FELE rose ~1% in 2024 and 2.6% YTD, as of last close

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))