Franklin Electric Co., Inc. Announces Earnings Guidance for the Full Year 2022
February 15, 2022 at 06:30 pm IST
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Franklin Electric Co., Inc. announced earnings guidance for the full year 2022. for the year,The company expected sales to be in the range of $1.90 billion to $2.05 billion and earnings per share before restructuring expenses to be in the range from $3.50 to $3.75.
Franklin Electric Co., Inc. designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. The Companyâs water pumping systems move fresh and wastewater to the residential, agricultural and other industrial end markets. The Company's segments include Water Systems, Fueling Systems, and Distribution. Water Systems produces and markets water pumping systems and is a technical service for submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices. The Fueling Systems segment designs, manufactures and sells pumps, motors, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment primarily for use in fueling system applications. The Distribution segment operates as a collection of wholly owned groundwater distributors known as the Headwater Companies.