Franklin Electric reports Q3 adjusted EPS $1.30, consensus $1.29

Reports Q3 revenue $581.7M, consensus $563.18M. “Our team’s consistent execution drove third quarter results in line with our expectations, reflecting solid growth across the business. Operating performance was supported by both higher volumes and effective pricing initiatives. In addition, we continue to make progress on our strategic initiatives, including the expansion of our global manufacturing footprint in several key markets, which positions us well to more efficiently serve our customers and capture new growth opportunities,” commented Joe Ruzynski, Franklin Electric’s (FELE) CEO. “While we continue to watch the macroeconomic environment closely, order activity remains healthy, giving us confidence in our outlook. As we close out the year, we remain focused on executing pricing discipline and cost control, while maintaining a balanced capital allocation approach to drive value for our shareholders,” concluded Mr. Ruzynski.