$FELE
FRANKLIN ELECTRIC CO INC

2024 Q3 Form 10-Q Financial Statement

#000003872524000143 Filed on July 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $531.4M $543.3M
YoY Change -1.3% -4.55%
Cost Of Revenue $341.8M $343.5M
YoY Change -2.95% -9.78%
Gross Profit $189.7M $199.8M
YoY Change 1.83% 6.0%
Gross Profit Margin 35.69% 36.78%
Selling, General & Admin $116.0M $120.6M
YoY Change 7.72% 12.3%
% of Gross Profit 61.16% 60.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.14M $13.90M
YoY Change 6.28% 3.55%
% of Gross Profit 7.45% 6.96%
Operating Expenses $116.0M $120.6M
YoY Change 7.72% 12.3%
Operating Profit $73.67M $79.10M
YoY Change -5.68% -2.41%
Interest Expense -$1.468M $1.976M
YoY Change -149.2% -125.5%
% of Operating Profit -1.99% 2.5%
Other Income/Expense, Net -$181.0K $184.0K
YoY Change -165.34% -84.39%
Pretax Income $71.88M $76.92M
YoY Change -1.42% 3.48%
Income Tax $16.98M $17.59M
% Of Pretax Income 23.63% 22.87%
Net Earnings $54.60M $59.10M
YoY Change -5.54% -0.51%
Net Earnings / Revenue 10.27% 10.88%
Basic Earnings Per Share $1.19 $1.28
Diluted Earnings Per Share $1.17 $1.26
COMMON SHARES
Basic Shares Outstanding 45.67M shares 46.08M shares
Diluted Shares Outstanding 46.30M shares 46.60M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.3M $58.10M
YoY Change 70.04% 9.16%
Cash & Equivalents $106.3M $58.10M
Short-Term Investments
Other Short-Term Assets $39.56M $35.97M
YoY Change -3.83% -7.85%
Inventory $524.6M $525.4M
Prepaid Expenses
Receivables $272.0M $299.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $942.5M $918.7M
YoY Change 4.78% -4.94%
LONG-TERM ASSETS
Property, Plant & Equipment $288.8M $224.2M
YoY Change 29.84% -16.54%
Goodwill $341.1M $339.8M
YoY Change 3.74% 2.88%
Intangibles $217.3M $221.1M
YoY Change -0.62% -1.29%
Long-Term Investments
YoY Change
Other Assets $8.091M $7.570M
YoY Change 17.11% -45.04%
Total Long-Term Assets $864.8M $865.6M
YoY Change 4.72% 3.46%
TOTAL ASSETS
Total Short-Term Assets $942.5M $918.7M
Total Long-Term Assets $864.8M $865.6M
Total Assets $1.807B $1.784B
YoY Change 4.75% -1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $173.9M $175.6M
YoY Change 1.8% 8.86%
Accrued Expenses $142.8M $104.5M
YoY Change 43.98% -3.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $76.40M $42.38M
YoY Change 89.11% -73.49%
Total Short-Term Liabilities $393.2M $346.1M
YoY Change 19.9% -20.01%
LONG-TERM LIABILITIES
Long-Term Debt $11.58M $87.24M
YoY Change -86.84% -1.62%
Other Long-Term Liabilities $97.48M $21.89M
YoY Change 238.08% -77.87%
Total Long-Term Liabilities $109.1M $21.89M
YoY Change 278.24% -88.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $393.2M $346.1M
Total Long-Term Liabilities $109.1M $21.89M
Total Liabilities $534.5M $368.0M
YoY Change 49.83% -43.94%
SHAREHOLDERS EQUITY
Retained Earnings $1.134B $1.099B
YoY Change 6.65% 7.68%
Common Stock $364.7M $360.6M
YoY Change 4.95% 4.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.273B $1.222B
YoY Change
Total Liabilities & Shareholders Equity $1.807B $1.784B
YoY Change 4.75% -1.04%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $54.60M $59.10M
YoY Change -5.54% -0.51%
Depreciation, Depletion And Amortization $14.14M $13.90M
YoY Change 6.28% 3.55%
Cash From Operating Activities $116.1M $36.37M
YoY Change -25.4% -33.94%
INVESTING ACTIVITIES
Capital Expenditures $9.452M $10.26M
YoY Change -5.48% -3.91%
Acquisitions
YoY Change
Other Investing Activities $302.0K $320.0K
YoY Change -119.41%
Cash From Investing Activities -$9.150M -$9.941M
YoY Change -7.58% -19.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.25M -32.39M
YoY Change -54.6% -15.89%
NET CHANGE
Cash From Operating Activities 116.1M 36.37M
Cash From Investing Activities -9.150M -9.941M
Cash From Financing Activities -61.25M -32.39M
Net Change In Cash 45.68M -5.971M
YoY Change 323.0% -242.1%
FREE CASH FLOW
Cash From Operating Activities $116.1M $36.37M
Capital Expenditures $9.452M $10.26M
Free Cash Flow $106.6M $26.10M
YoY Change -26.76% -41.16%

Facts In Submission

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