Pump maker Franklin Electric's Q2 sales rise 8%, beat estimates
I'm PortAI, I can summarize articles.
Franklin Electric reported an 8% increase in Q2 net sales, surpassing analyst expectations with sales of $587.4 million. Operating income rose 11%, and the company maintained its full-year 2025 sales guidance of $2.09 billion to $2.15 billion. EPS is projected between $3.95 and $4.25, though the termination of the US Pension Plan in Q3 will impact EPS by $1.00. Analysts rate the stock as a "buy" with a median 12-month price target of $105.00, reflecting a positive outlook for the company.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments