Franklin Electric Co. Q2 Profit Rises - Quick Facts

(RTTNews) - Franklin Electric Co. Inc. (FELE) reported that its second-quarter net income attributable to company rose to $28.14 million or $0.58 per share, from $24.81 million or $0.52 per share, last year. Adjusted profit per share was $0.59 for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $263.44 million, from $246.70 million, last year. Organic sales growth was 4 percent excluding acquisitions and the impact of foreign currency translation. Analysts expected revenue of $266.66 million for the quarter.