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FRANKLIN ELECTRIC REPORTS SIXTH CONSECUTIVE YEAR OF RECORD EARNINGS AND INCREASED SALES

 FRANKLIN ELECTRIC REPORTS SIXTH CONSECUTIVE YEAR
 OF RECORD EARNINGS AND INCREASED SALES
 BLUFFTON, Ind., Feb. 4 /PRNewswire/ -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported record earnings for 1991 of $13,100,000 or $1.59 per share, an increase of 13 percent from 1990 earnings of $11,571,000 or $1.31 per share. Sales for 1991 increased 3 percent to $184.1 million from $179.0 million in 1990.
 Earnings for the fourth quarter of 1991 were $2.8 million or $.33 per share with sales of $42.9 million. This compares to fourth quarter 1990 earnings of $2.0 million or $.19 per share with sales of $42.2 million.
 Bill Lawson, chairman and chief executive officer, said, "We are pleased with our results in 1991. We believe these accomplishments demonstrate that Franklin Electric is able to compete successfully in the global arena. During the past six years the men and women of our company have proven that they can work, think and produce toe to toe with workers anywhere in the world. We are not afraid of the global economy. Indeed, we take pride in being a part of it. We believe Franklin has what it takes to produce products that are the standard of the world, and that we can work in a mutually beneficial partnership with our customers and employees anywhere on the globe.
 "Notwithstanding the turmoil which exists in the economy, we are looking forward to 1992. We believe Franklin Electric is positioned to continue successfully into the next century."
 Franklin Electric is a leading manufacturer of electric motors, including submersible motors, fractional horsepower motors and gearmotors for home, farm, municipal and industrial use.
 FRANKLIN ELECTRIC CO., INC.
 SUMMARY
 (Amounts in thousands except per share amounts)
 Percent
 Fourth Quarter ended Dec. 28, 1991 Dec. 29, 1990 Change
 Net sales $42,902 $42,227 1.6
 Income before income taxes,
 earnings in affiliates &
 extraordinary credit 3,561 2,417
 Income tax 1,541 758
 Income before earnings in affiliates
 & extraordinary credit 2,020 1,659
 Income before earnings in
 affiliates, net of tax 773 293
 Extraordinary credit-benefit
 of loss carryforward 23 35
 Net income 2,816 1,987 41.7
 Dividends on preferred stock 687 837
 Net income available to
 common share equivalents $2,129 $1,150
 Net income available to common
 share equivalents before
 extraordinary credit $.32 $.18
 Net income per weighted
 average common share $.33 $.19
 Percent
 Fiscal Year ended Dec. 28, 1991 Dec. 29, 1990 Change
 Net sales $184,062 $178,985 2.8
 Income before income taxes,
 earnings in affiliates &
 extraordinary credit 18,318 16,439
 Income tax 7,408 6,518
 Income before earnings in
 affiliates & extraordinary credit 10,910 9,921
 Income before earnings in
 affiliates, net of tax 2,055 1,362
 Extraordinary credit-benefit
 of loss carryforward 135 288
 Net income 13,100 11,571 13.2
 Dividends on preferred stock 2,912 3,475
 Net income available to
 common share equivalents $10,188 $8,096
 Net income available to common
 share equivalents before
 extraordinary credit $1.57 $1.26
 Net income per weighted
 average common share $1.59 $1.31
 -0- 2/4/92
 /CONTACT: D.W. Pfister of Franklin Electric, 219-824-2900/
 (FELE) CO: Franklin Electric Co., Inc. ST: Indiana IN: SU: ERN


JT -- NY055 -- 6691 02/04/92 12:26 EST
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Date:Feb 4, 1992
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