Franklin Electric Q3 Profit Rises - Quick Facts

(RTTNews) - Franklin Electric Co. Inc. (FELE) reported that its third-quarter net income attributable to company increased to $25.06 million or $0.51 per share, from $21.87 million or $0.46 per share, last year. Adjusted earnings per share was $0.50, for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.51 for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $249.84 million, from $237.56 million, prior year. Analysts expected revenue of $258.46 million for the quarter.

The company expects its consolidated fourth-quarter sales to grow by 5 percent to 8 percent and adjusted earnings per share to grow by 4 percent to 7 percent compared to the fourth quarter 2012.