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Franklin Electric FELE Q3 2024 earnings

Reported October 29, 2024 · Before market open

Revenue$531.4MBeat by $61.5M
EPS$1.17Miss by $0.10
Revenue estimate$469.9M
EPS estimate$1.27

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$602.8M
EPS estimate$1.42

Financials

Q3 2024

Income statement

See full
Revenue$531.4M-1.3%
Gross profit$189.7M+1.8%
Operating income$73.5M-5.9%
Net income$54.6M-5.5%
EPS (diluted)$1.17-4.9%

Balance sheet

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Cash & equivalents$106.3M+70.0%
Total debt$225.8M+7.6%
Total equity$1.3B+7.6%
Total assets$1.8B+4.7%

Cash flow

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Operating cash flow$116.1M-25.4%
CapEx$9.5M-4.7%
Free cash flow$106.6M-26.8%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$4.79B+16.0%
Enterprise value$4.91B+14.8%
P/E25.8×+4.6×
P/S2.4×+0.4×

Profitability

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Gross margin35.5%+1.7pp
Operating margin12.5%-0.3pp
Net margin9.2%-0.1pp
FCF margin11.4%-0.7pp

Returns & leverage

See full
Return on equity15.1%-2.5pp
Debt / equity0.2×0.0×
Current ratio2.4×-0.3×

Segments

By geography

See full
United States & Canada$398.2M-1.8%
EMEA$53.4M+9.7%
Latin America$43.5M-4.4%
Asia Pacific$21.7M+10.7%
All Other$14.6M-24.0%

By segment

See full
Consolidated$531.4M-1.3%
Water Systems$302.2M+2.2%
Distribution$190.8M+0.8%

Versus estimates

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Questions, answered.

When did Franklin Electric report Q3 2024 earnings?
Franklin Electric (FELE) reported Q3 2024 earnings on October 29, 2024 before market open.
What were Franklin Electric's Q3 2024 revenue and EPS?
Franklin Electric reported revenue of $531.4M and eps of $1.17 for Q3 2024.
Did Franklin Electric beat estimates in Q3 2024?
Revenue beat the consensus estimate of $469.9M by $61.5M. EPS missed the consensus estimate of $1.27 by $0.10.
Where can I find Franklin Electric's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000038725-24-000167) directly on SEC EDGAR. The filing index links above go to sec.gov.