FELE Earnings Prediction
The chart below shows how FELE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FELE sees a +1.04% change in stock price 10 days leading up to the earnings, and a +1.84% change 10 days following the report. On the earnings day itself, the stock moves by -2.42%. This data can give you a slight idea of what to expect for the next quarter's release.
FELE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
531.44M
-1.30%
-2.18%
Gross Margin
35.69%
3.18%
-2.96%
Operating Margin
13.86%
-5.00%
-4.87%
Net Margin
10.33%
-4.35%
-5.40%
EPS
1.18
-4.07%
-6.35%
No Data Available
FELE Earnings Analysis
Franklin Electric Co Inc Corporation (FELE.O) Earnings Conference Call
Positive
Third Quarter Sales Decline: Consolidated third quarter sales were $531 million, a year-over-year decrease of 1%.
Gross Profit Increase: The consolidated gross profit was $189.7 million for the third quarter of 2024, a 2% year-over-year increase.
Gross Profit Margin Increase: The gross profit as a percentage of net sales was 35.7% in the third quarter of 2024, up 110 basis points versus 34.6% in the prior year.
Distribution Segment Performance: The distribution segment sales increased by 1% compared to the third quarter of 2023, with distribution operating income growing to $12.2 million, a year-over-year increase of $1.5 million.
Cash Flow Performance: The company ended the third quarter of 2024 with a cash balance of $106.3 million and generated $151.1 million in net cash flows from operating activities during the first nine months of 2024.
Negative
Sales Decline Overview: Consolidated third quarter sales of $531 million declined 1%, with growth both in water and distribution segments offset by continued pressure in the Fueling business.
Sales Decline Analysis: Sales in the third quarter were primarily due to lower volumes largely in our international Fueling business and large dewatering equipment to U.S. fleet rental customers, and the negative impact of foreign currency translation.
Operating Income Decline: Consolidated operating income was $73.5 million in the third quarter 2024, down $4.6 million or 6% from $78.1 million in the third quarter of 2023, primarily due to higher SG&A costs.
Earnings Per Share Decline: Our fully diluted earnings per share were $1.17 for the third quarter of 2024 versus $1.23 for the third quarter of 2023.
Tax Rate Increase Impact: The effective tax rate for the company was 23.6% for the quarter compared to 20.2% in the prior year quarter, impacting EPS by approximately $0.05.
FELE FAQs
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FELE Earning Call Sentiment
Franklin Electric Co., Inc. (FELE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FELE.O
-1.06%Positive
The earnings call presents mixed signals: solid financial metrics with some growth in segments and a strong M&A pipeline. However, increased SG&A expenses, decreased operating income, and uncertainties in international markets pose concerns. The Q&A reveals cautious optimism, but management's vague responses on restructuring and challenges in dewatering and fueling systems temper enthusiasm. The market cap suggests moderate volatility, leading to a neutral prediction.
