Franklin Electric reports Q2 EPS $1.31, consensus $1.29

Reports Q2 revenue $587.434M, consensus $566.77M. “We delivered strong results during the second quarter, marked by solid execution and continued momentum across our portfolio. Our teams performed exceptionally well, driving record sales in both our Water and Distribution segments, along with record operating income and margin performance in our Energy segment. We also achieved meaningful year-over-year improvement in total company operating margins, reflecting the effectiveness of our pricing and productivity initiatives. We further demonstrated our commitment to disciplined capital allocation by returning capital to shareholders during the quarter through our dividend and share repurchases,” commented Joe Ruzynski, Franklin Electric’s (FELE) CEO.