BLUFFTON, Ind., Aug. 2, 2010 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (Nasdaq:FELE) reported second quarter 2010 diluted earnings per share of $0.47, an increase of 88 percent compared to 2009 second quarter earnings per share of $0.25. Earnings per share before restructuring charges were $0.55, an increase of 53 percent compared to the prior year. In the second quarter of 2010, the Company also recognized charges for legal matters that resulted in a reduction to earnings per share of $0.10 per share. Therefore, earnings per share for the second quarter of 2010 before restructuring and legal matters would have been $0.65, an increase of 81 percent compared to the prior year. Second quarter 2010 sales were $190.4 million, an increase of 15 percent compared to 2009 second quarter sales of $165.3 million.
Franklin Electric Reports An Increase In Second Quarter Earnings Per Share Of 88 Percent
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