On Thursday, Franklin Electric Co., Inc. (NASDAQ: FELE) oscillated between $44.25 and $45.45 before concluding trading period higher +0.22% at $45.15. The stock recorded total trading quantity of 77,975 shares as compared to its average volume of 112,653 shares. The firm has a total market worth of $112.65k and $2.1B shares remain outstanding.
Franklin Electric Co., Inc. (FELE) stated first quarter 2018 GAAP fully diluted earnings per share (EPS) of $0.45, versus a GAAP fully diluted EPS in the first quarter 2017 of $0.33.  First quarter 2018 sales were $295.6M, contrast to 2017 first quarter sales of $220.3M.  First quarter 2018 organic sales raised about 10 percent when not including the impact of foreign currency translation.

Water Systems

Water Systems sales were $191.8M in the first quarter 2018, versus the first quarter 2017 sales of $167.6M.  Water Systems sales raised about 3 percent in the quarter Because of foreign currency translation.

Water Systems sales in the U.S. and Canada raised by about 29 percent contrast to the first quarter 2017. The impact of foreign currency translation raised sales by about 1 percent.  Sales of Pioneer branded dewatering equipment over doubled in the first quarter when contrast to the previous year Because of strength in North American oil and gas markets and continued diversification of product sales channels and geographies. Sales of groundwater pumping equipment raised by about 30 percent on stronger residential and agricultural system sales primarily to the Headwater companies, versus the first quarter 2017. Sales of other surface pumping equipment raised by about 10 percent primarily in wastewater products.

Water Systems sales in markets outside the U.S. and Canada raised by about 3 percent overall. The impact of foreign currency translation raised sales by about 5 percent.  International Water Systems sales improved in Europe, the Middle East, and Africa, but were offset by lower sales in Brazil and Asia when contrast to the first quarter 2017.

Water Systems operating income was $25.2M in the first quarter 2018, up $3.8M versus the first quarter 2017.  The raise in operating income is primarily related to higher sales.

Fueling Systems

Fueling Systems sales were $59.4M in the first quarter 2018, versus the first quarter 2017 sales of $52.7M.  Fueling System sales raised by about 4 percent Because of foreign currency translation.

Fueling Systems sales in the U.S. and Canada raised by about 11 percent contrast to the first quarter 2017.  The raise was broad based and included numerous product categories including fuel management, pumping, piping and containment systems.  Outside the U.S. and Canada, Fueling Systems revenues grew by about 16 percent, led by stronger sales in China and Europe, partially offset by lower sales in India.

Fueling Systems operating income was $13.6M in the first quarter of 2018, contrast to $11.0M in the first quarter of 2017.  The raise in operating income is primarily related to higher sales.

Distribution

Distribution sales were $56.2M in the first quarter 2018.  The Company estimates that contrast to the 2017 first quarter, proforma revenue in the distribution section declined by just under three percent.  The Distribution section recorded an operating loss of $0.8M in the first quarter of 2018.

(FELE) stock price showed weak performance of -1.63% in last seven days, switched down -4.85% in last thirty days and it rose 9.06% in last one year. It has 47.03 million of outstanding shares and its shares float measured at 38.80.