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Franklin Electric: Q4 Earnings Snapshot

FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Franklin Electric Co. (FELE) on Tuesday reported fourth-quarter profit of $39.3 million.

The Fort Wayne, Indiana-based company said it had profit of 87 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The water and fuel pumping systems company posted revenue of $506.9 million in the period.

For the year, the company reported profit of $147.1 million, or $3.22 per share. Revenue was reported as $2.13 billion.

Franklin Electric expects full-year earnings in the range of $4.40 to $4.60 per share, with revenue in the range of $2.17 billion to $2.24 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FELE at https://www.zacks.com/ap/FELE

At least 2 killed in shooting at Toronto street festival, police say

At least two people were killed and four more wounded at a street festival in Toronto, Canada, after at least two suspects exchanged fire, authorities said. The Toronto Police Service had initially described the situation as an active shooter incident. However, in a news conference late Saturday night, Toronto Police Deputy Chief Frank Barredo clarified that it was not.   "There was some concern of an active shooter, that turned out not to be the case," Barredo said. The shooting occurred in Midtown Toronto during the Salsa on St. Clair festival, a popular annual Latin festival that draws thousands of people. "It's very difficult to say with certainty what precipitated this," Barredo said. "I can tell you that there was an exchange of gunfire between individuals and that two firearms were recovered."Barredo said that officers responded to find six people with gunshot wounds, two of whom died at the scene. The four wounded patients were taken to area hospitals, all in serious condition. Emergency Task Force vehicles and police officers are seen on the site of a shooting in Toronto, Canada, on July 11, 2026.  Jorge UZON / AFP via Getty Images About 13,00 people were believed to have attended the festival Saturday, Barredo said. "We will piece together some of those bits of information, and when we're able to share it with the public, we certainly will," the deputy chief added. No suspects have been arrested, Barredo said, noting that the exact number of suspects involved was still unknown. "I am devastated by the senseless violence at the Salsa on St. Clair Festival that has claimed two lives and injured others," Ontario "Premier Doug Ford said in a statement to X. "... The person responsible must be caught, brought to justice and spend the rest of their life behind bars."   
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