Franklin Electric: Tough Near-Term Prospects But The Second Half May Be Better [Seeking Alpha]
Franklin Electric Co., Inc. (FELE)
Last franklin electric co., inc. earnings: 4/28 08:00 am
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US:NASDAQ Investor Relations:
franklin-electric.com/company/investor-relations
Company Research
Source: Seeking Alpha
Margins are expected to be negatively impacted by volume deleverage and lower pricing benefits in the near term. The company's revenue decline is expected to bottom out in the second half of 2024, with potential recovery from easing comparisons and interest rate cycle reversal. Investment Thesis Franklin Electric's ( NASDAQ: FELE ) growth prospects remain mixed for the current year. Revenue should continue to see headwinds in the near term from a declining backlog due to lower demand, channel inventory destocking, and project delays by clients in a high-interest environment. Further, tough comparisons in 1H24, and the dissipating impact of price increases should also negatively impact revenue. This revenue decline should start bottoming in the second half of 2024 as the company benefits from easing comparisons in 2H24, and a potential interest rate cycle reversal helping project investments. Margin should see a similar trajectory with headwinds from volume deleverage in the f
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FELE
News
- Earnings Preview: Franklin Electric (FELE) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- RENOWNED ARTISTS & EXCITING NEW THINGS THIS SUMMER, AT TREMBLANT [Yahoo! Finance]Yahoo! Finance
- Franklin Electric Declares Quarterly Dividend of $0.25 Per ShareGlobeNewswire
- Franklin Electric Schedules Its First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Franklin Electric Schedules Its First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
FELE
Earnings
- 2/13/24 - Miss
FELE
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- FELE's page on the SEC website