Franklin Electric Co., Inc. (FELE) Q3 2024 Earnings Call Transcript Summary
Franklin Electric Co., Inc. (FELE) Q3 2024 Earnings Call Transcript Summary
Operating income was down 6% at $73.5 million due to increased SG&A expenses, including costs related to leadership transition and acquisitions.The following is a summary of the Franklin Electric Co., Inc. (FELE) Q3 2024 Earnings Call Transcript:
以下是富蘭克林電子公司（FELE）2024年第三季度業績會議電話記錄摘要：
Financial Performance:
金融業績：
Franklin Electric reported Q3 2024 consolidated sales of $531 million, a decrease of 1% with prior year comparisons pressurized mainly by international Fueling business and large dewatering equipment to U.S. fleet rental customers, alongside negative foreign currency translation impacts.
Gross profit increased to $189.7 million, up 2% year-over-year, while gross profit margin improved to 35.7%, driven by better manufacturing productivity, lower freight costs, and a favorable product mix.
Operating income was down 6% at $73.5 million due to increased SG&A expenses, including costs related to leadership transition and acquisitions.
Full year 2024 guidance was revised downwards to an expected $2 billion in sales and EPS in the range of $3.75 to $3.85 due to below-expected performance and high SG&A expenses.
富蘭克林電子報告2024年第三季度的綜合銷售額爲53100萬美元，與去年同期相比下降了1%，主要受國際加油業務和向美國租車客戶提供大型排水設備的壓力，以及負面外幣匯率轉換影響。
毛利潤增至18970萬美元，同比增長2%，毛利率提高至35.7%，這得益於更高的製造業生產率、較低的運費成本和有利的產品組合。
由於銷售與行政費用的增加，包括與領導層交接和收購相關的費用，營業收入下降了6%，爲7350萬美元。
由於表現低於預期和較高的銷售與行政費用，全年2024年的指引被調降至預期的20億美元銷售額，每股收益在3.75至3.85美元的區間內。
Business Progress:
業務進展：
Continued steady replacement demand in the Water Systems business with mid-single-digit order growth and low single-digit sales growth year-over-year.
Expansion in water treatment and mining sectors with new products contributing to growth.
Strong performance in the Distribution segment with robust execution leading to operating income improvement and margin expansion.
Achieving normalized levels of customer order backlog in the Fueling Systems, setting a stable foundation for future quarters.
水系統業務持續穩定的更換需求，訂單增長中位數個位數，銷售同比增長個位數。
在水處理和採礦領域的擴張，新產品的貢獻推動增長。
分銷業務業績強勁，強有力的執行帶來營業收入改善和毛利率擴張。
在加油系統中實現了客戶訂單積壓的正常水平，爲未來季度奠定了穩定基礎。
Opportunities:
機會：
Intensified focus on meeting critical water needs globally, especially in growing markets, which presents opportunities for expanding business reach and enhancing service delivery.
Increase in enterprise efficiency and innovation, particularly in developing new products and integrating recent acquisitions poises the company for growth and competitive advantage.
強化全球關鍵水資源需求的重點關注，特別是在增長市場，這爲擴大業務覆蓋範圍和提升服務交付提供了機遇。
提高企業效率和創新能力，特別是開發新產品和整合最近收購，爲公司的增長和競爭優勢做好準備。
Risks:
風險：
Continued pressure on the U.S. housing market potentially impacting the Water Systems segment's performance.
Elevated SG&A expenses related to CEO transition and recent acquisitions impacting profitability.
Persistent commodity pressures, particularly around plastic pipe pricing negatively affecting operational cost structure and margins.
美國住房市場持續受壓，可能影響水系統業務部門的業績。
由於首席執行官過渡和最近的收購導致的高銷售及管理費用，影響了盈利能力。
持續的商品價格壓力，特別是圍繞塑料管價格，對運營成本結構和利潤率產生了負面影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
