BLUFFTON, Ind., Feb. 20, 2013 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (Nasdaq:FELE) reported fourth quarter 2012 diluted earnings per share (EPS) of $0.55, an increase of 10 percent compared to 2011 fourth quarter diluted EPS of $0.50. In the fourth quarter of 2012, the Company's adjusted EPS was $0.56, a 12 percent increase over the adjusted EPS during the fourth quarter 2011 (see table below for a reconciliation of GAAP EPS to the adjusted EPS). Fourth quarter 2012 sales were $205.2 million, an increase of 10 percent compared to 2011 fourth quarter sales of $187.2 million.
Franklin Electric Reports Record 2012 Sales And Earnings
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