Franklin Electric Co. Inc. announced earnings results for the third quarter and nine months ended Oct. 3, 2009. For the quarter, the company reported operating income of $15,462,000, income before income taxes of $12,916,000, net income attributable to the company of $8,632,000 or $0.37 per diluted share on net sales of $166,007,000 as compared to operating income of $27,593,000, income before income taxes of $26,092,000, net income attributable to the company of $17,260,000 or $0.74 per diluted share on net sales of $215,815,000 for the same period prior year. Net debt has been reduced from $141 million at the end of the third quarter last year to $81 million at the end of the third quarter 2009. Third quarter 2009 earnings decline was entirely attributable to the $15 million operating earnings decline in Fueling Systems. For the nine months ended Oct. 3, 2009, the company reported operating income of $34,095,000, income before income taxes of $27,685,000, net income attributable to the company of $18,305,000 or $0.79 per diluted share on net sales of $481,082,000 as compared to operating income of $69,102,000, income before income taxes of $62,261,000, net income attributable to the company of $40,689,000 or $1.75 per diluted share on net sales of $593,521,000 for the same period prior year. Net cash flows from operating activities were $88,289,000 as compared to $27,822,000 for the same period prior year. Additions to property, plant and equipment amounted to $8,215,000 as compared to $17,781,000 for the same period prior year.

Franklin Electric Co. Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).

Franklin Electric Co. Inc. reported earnings results for the third quarter of 2009. For the quarter, the company generated cash flow of about $40 million by reducing inventories. The company's efforts to improve working capital and cash flows gained significantly in the third quarter 2009. Cash flow from operations improved by $60.5 million against the first nine months of 2008. On October 23, the Board of Directors of the company declared a quarterly cash dividend of $0.125 per share payable November 25, 2009 to shareholders of record on November 12, 2009.