Franklin Electric Co Inc
NASDAQ:FELE

  • LAST PRICE
    100.1800
  • TODAY'S CHANGE (%)
    1.2500 (1.2635%)
  • Bid / Lots
    100.0500/ 7
  • Ask / Lots
    100.3200/ 7
  • Open / Previous Close
    98.5900 / 98.9300
  • Day Range
    98.5900
    100.4850
  • 52 Week Range
    85.8200
    108.3900
  • Volume
    15,840

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  • Oct 30, 2024

  • Oct 29, 2024

      Show headlines and story abstract

    • 8:30AM ET on Tuesday Oct 29, 2024 by MT Newswires
      Companies Mentioned: FELE
      08:30 AM EDT, 10/29/2024 (MT Newswires) -- Franklin Electric (FELE) reported Q3 earnings Tuesday of $1.17 per diluted share, down from $1.23 a year earlier. Four analysts polled by Capital IQ expected $1.26. Net sales for the quarter ended Sept. 30 ...

    • 8:03AM ET on Tuesday Oct 29, 2024 by MT Newswires
      Companies Mentioned: FELE
      08:03 AM EDT, 10/29/2024 (MT Newswires) -- ...

    • 8:03AM ET on Tuesday Oct 29, 2024 by MT Newswires
      Companies Mentioned: FELE
      08:03 AM EDT, 10/29/2024 (MT Newswires) -- ...

    • 8:00AM ET on Tuesday Oct 29, 2024 by Dow Jones
      Companies Mentioned: FELE
      ================ =============== LIABILITIES AND EQUITY Accounts payable $ 173,935 $ 152,419 Accrued expenses and other current liabilities 124,865 104,949 Current lease liability 17,963 17,316 Current maturities of long-term debt and short-term borrowings 76,402 12,355 ---------------- --------------- Total current liabilities 393,165 287,039 Long-term debt 11,581 88,056 Long-term lease liability 43,484 38,549 Income taxes payable non-current - 4,837 Deferred income taxes 31,128 29,461 Employee benefit plans 30,781 35,973 Other long-term liabilities 23,219 33,914 Redeemable noncontrolling interest 1,179 1,145 Total equity 1,272,706 1,209,148 Total liabilities and equity $ 1,807,243 $ 1,728,122 ================ =============== FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Nine Months Ended ---------------------------------------------- (In thousands) September 30, 2024 September 30, 2023 Cash flows from operating activities: Net income $ 147,317 $ 155,904 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 41,825 39,582 Non-cash lease expense 15,223 12,664 Share-based compensation 10,127 8,449 Other 5,178 10,894 Changes in assets and liabilities: Receivables (51,440) (20,427) Inventory (18,760) 2,537 Accounts payable and accrued expenses 17,218 4,376 Operating leases (15,700) (12,847) Income taxes-U.S. Tax Cuts and Jobs Act (3,870) (2,902) Other 3,968 399 Net cash flows from operating activities 151,086 198,629 -------------- --------------- Cash flows from investing activities: Additions to property, plant, and equipment (28,897) (30,155) Proceeds from sale of property, plant, and equipment 704 - Acquisitions and investments (1,151) (6,641) Other investing activities 37 26 Net cash flows from investing activities (29,307) (36,770) -------------- --------------- Cash flows from financing activities: Net change in debt (12,477) (87,653) Proceeds from issuance of common stock 5,269 9,010 Purchases of common stock (56,989) (29,888) Dividends paid (35,442) (31,315) Deferred payments for acquisitions (348) (448) Net cash flows from financing activities (99,987) (140,294) -------------- --------------- Effect of exchange rate changes on cash and cash equivalents (482) (4,848) -------------- --------------- Net change in cash and cash equivalents 21,310 16,717 Cash and cash equivalents at beginning of period 84,963 45,790 -------------- --------------- Cash and cash equivalents at end of period $ 106,273 $ 62,507 ============== ===============

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