Franklin Electric (Nasdaq: FELE) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Franklin Electric missed slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share increased. GAAP earnings per share expanded.

Margins grew across the board.

Revenue details
 Franklin Electric booked revenue of $263.4 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $267.6 million on the same basis. GAAP reported sales were 6.8% higher than the prior-year quarter's $246.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.59. The three earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. Non-GAAP EPS of $0.59 for Q2 were 11% higher than the prior-year quarter's $0.53 per share. GAAP EPS of $0.58 for Q2 were 12% higher than the prior-year quarter's $0.52 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 35.9%, 140 basis points better than the prior-year quarter. Operating margin was 15.7%, 10 basis points better than the prior-year quarter. Net margin was 10.7%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $260.2 million. On the bottom line, the average EPS estimate is $0.51.

Next year's average estimate for revenue is $969.1 million. The average EPS estimate is $1.73.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 66 members out of 77 rating the stock outperform, and 11 members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Franklin Electric a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Franklin Electric is outperform, with an average price target of $37.00.

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