08:50 AM EDT, 07/23/2024 (MT Newswires) -- Franklin Electric ( FELE ) reported Q2 earnings Tuesday of $1.26 per share, down from $1.27 a year earlier.

Four analysts polled by Capital IQ expected $1.32 per share.

Revenue for the quarter ended June 30 was $543.3 million, down from $569.2 million a year earlier.

Analysts surveyed by Capital IQ expected $570.8 million.

The company said it now expects 2024 diluted earnings to $4.16 to $4.34. That compares with its prior forecast of $4.22 to $4.40 per share. Analysts surveyed by Capital IQ expect $4.28 per share.

Revenue for the year is still projected to be in the range of $2.10 billion to $2.17 billion, the company said. Analysts polled by Capital IQ expect $2.11 billion.