Franklin Electric Third Quarter 2024 Earnings: Misses Expectations

Franklin Electric (NASDAQ:FELE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$531.4m (down 1.3% from 3Q 2023).
• Net income: US$54.6m (down 5.2% from 3Q 2023).
• Profit margin: 10% (in line with 3Q 2023).
• EPS: US$1.19 (down from US$1.25 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Franklin Electric Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 7.0%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 6.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Franklin Electric.

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