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Franklin Electric Co (Franklin Electric Co) Net Income : $193 Mil (TTM As of Dec. 2023)


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What is Franklin Electric Co Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Franklin Electric Co's Net Income for the three months ended in Dec. 2023 was $39 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $193 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Franklin Electric Co's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.82.


Franklin Electric Co Net Income Historical Data

The historical data trend for Franklin Electric Co's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Franklin Electric Co Net Income Chart

Franklin Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 95.48 100.46 153.86 187.33 193.27

Franklin Electric Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.58 37.33 59.60 57.80 38.55

Franklin Electric Co Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Franklin Electric Co's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=242.223+-47.489+0+-1.462
=193

Franklin Electric Co's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=47.152+-8.322+0+-0.281
=39

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $193 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Franklin Electric Co  (NAS:FELE) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Franklin Electric Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Franklin Electric Co Net Income Related Terms

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Franklin Electric Co (Franklin Electric Co) Business Description

Traded in Other Exchanges
Address
9255 Coverdale Road, Fort Wayne, IN, USA, 46809
Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
Executives
Gregg C Sengstack officer: Senior Vice President and CFO FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809
Delancey W Davis officer: Vice President, Director of Sa FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Greg Michael Levine officer: VP & President, Global Water 954 CHAPEL OAKS ROAD, FRONTENAC MO 63131
Jonathan M. Grandon officer: Chief Administrative Officer 56 EAST BELL DRIVE, P.O. BOX, WARSAW IN 46581
Donald P Kenney officer: VP and President Energy System FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Paul Chhabra officer: VP, Global Product Supply 9255 COVERDALE ROAD, FORT WAYNE IN 46809
Jeffery L Taylor officer: Vice President and CFO 1000 SAGAMORE PARKWAY SOUTH, LAFAYETTE IN 47905
Chris Villavarayan director C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Brent L Spikes officer: VP, Global Manufacturing Ops 10330 CYGNET COVE, ROANOKE IN 46783
Kenneth Keene officer: VP, Global Supply Chain 626 MONTE VISTA DRIVE, FORT WAYNE IN 46814
John J Haines officer: Vice President and CFO FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Luxfer Holdings Plc director LUMNS LANE, MANCHESTER X0 M27 8LN
Alok Maskara director 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Jay J Walsh officer: President, Franklin Fueling 502 CABRILLO COURT, VERONA WI 53593
Julie Scheck Freigang officer: Vice President 515 FRANKLIN STREET, MICHIGAN CITY IN 46360