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Franklin Electric Co, inc (FELE) Q2 2021 Earnings Call Transcript
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Franklin Electric Co , Inc (NASDAQ:FELE), (BLBD) - Franklin Electric Appoints New Finance Chief
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Franklin Electric Completes Acquisition of New Aqua, LLC Franklin Electric Co., Inc. Fort Wayne, Indiana, UNITED STATES
Provides FE with Water Treatment scale, brand strength, geographic presence, and greater access to critical water quality dealer channel.
Expands Water Treatment product portfolio of both residential and commercial offerings and enhances competitive position in a highly fragmented end market.
Creates a new FE growth platform that can leverage product development, operational and supply chain efficiencies, and potential for geographic expansion.
Total consideration of $150 million.
Anticipated to be accretive to 2021 earnings per share (EPS).
FORT WAYNE, Ind., May 17, 2021 (GLOBE NEWSWIRE) Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that it has acquired New Aqua, LLC and its wholly owned subsidiaries, headquartered in Indianapolis, Indiana in an all-cash transaction valued at $150 million, subject to customary adjus
Home / Top News / Franklin Electric Announces Board of Director Changes Including the Election of Mr. Alok Maskara as Director of the Company
Franklin Electric Announces Board of Director Changes Including the Election of Mr. Alok Maskara as Director of the Company
FORT WAYNE, Ind., May 07, 2021 (GLOBE NEWSWIRE) The following changes have been made to the Board of Directors of Franklin Electric Co., Inc. (NASDAQ: FELE).
David T. Brown has retired as a director of the company effective May 7, 2021 having reached the maximum Director age limit established by the Company’s by-laws. Mr. Brown has served as a director since 2008 and has contributed immeasurably to the success of the Company through his vast experience and vision. The Board and Company thank Mr. Brown for his service and wish him the best in all future endeavors.
Operator
Good morning, ladies and gentlemen, and welcome to the Franklin Electric reports First Quarter 2021 Sales and Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
I would now like to turn the conference over to your host, Mr. John Haines, Chief Financial Officer.
John J. Haines
Vice President, Chief Financial Officer
Thank you, Stacey, and welcome everyone to Franklin Electric s first quarter 2021 earnings conference call. With me today is Gregg Sengstack, our Chairperson and CEO. On today s call, Gregg will review our first quarter business highlights and I will review our first quarter financial results in more detail. When I m through, we will have some time for questions and answers.
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