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Franklin Electric's revenue declined 5% in Q2, missing expectations. Water treatment and surface pumping segments showed positive growth. Longer-term growth opportunities exist in groundwater and water treatment. Analyst anticipates 4% growth over the next three years for FELE. FELE is considered a solid investment despite current market headwinds.
- Franklin Electric's revenue declined 5% in Q2, missing expectations.
- Water treatment and surface pumping segments showed positive growth.
- Longer-term growth opportunities exist in groundwater and water treatment.
- Analyst anticipates 4% growth over the next three years for FELE.
- FELE is considered a solid investment despite current market headwinds.
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