BUZZ-Franklin Electric jumps after upbeat annual sales forecast, Q4 results

Shares of energy and water systems manufacturer Franklin Electric FELE.O up as much as 8.1% at $108.08

Company sees 2025 sales between $2.09 billion and $2.15 billion vs estimates of $2.09 billion, per data compiled by LSEG

Q4 net sales rose 2.7% to $485.7 million, beating estimates of $469.2 million; EPS of 72 cents beat expectations of 66 cents

Says quarterly results were driven by strong performance in Energy Systems segment, which rose 5%

However, sees annual EPS in the range of $4.05 to $4.25, compared to estimates of $4.30, signaling increased impacts from restructuring costs, which more than tripled in 2024 compared to the year before

FELE rose ~1% in 2024 and 2.6% YTD, as of last close