---
schema_version: "secwatch.filing_event.v1"
accession: "0000038725-23-000002"
form_type: "8-K"
ticker: "FELE"
cik: "0000038725"
company_name: "FRANKLIN ELECTRIC CO INC"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:47:37.929026+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Franklin Electric reports record Q4 sales $489.4M, FY 2022 sales $2.0B; guides FY 2023 EPS $4.10–$4.30

## Summary
- Q4 sales $489.4M (+13% YoY), record; operating income $56.2M (+19%). GAAP EPS $0.84 vs $0.85 prior year (incl. $6.5M bargain gain).
- Full year sales $2.0B (+23%), operating income $257.2M (+36%), GAAP EPS $3.97 (+22%) – all records.
- Water Systems segment sales $281.3M (+9%) record; Distribution $148.9M (+27%) record but op. income fell to $2.9M on commodity margin compression.
- 2023 guidance: sales $2.1B–$2.2B and EPS $4.10–$4.30; cash from operations $101.7M vs $129.8M in 2021 due to working capital.
- Fueling Systems sales $85.5M (+8%) and op. income $24.3M – both Q4 records.

## SEC filing metadata
- accession: 0000038725-23-000002
- form_type: 8-K
- ticker: FELE
- cik: 0000038725
- company_name: FRANKLIN ELECTRIC CO INC
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38725/000003872523000002/0000038725-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38725/000003872523000002/fele-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-23-000002
- JSON: https://secwatch.observer/filing/0000038725-23-000002.json
- Plain text: https://secwatch.observer/filing/0000038725-23-000002.txt

## Key facts
- Earnings Releases
  FRANKLIN ELECTRIC CO INC reported the fourth quarter and full year of 2022 results: revenue $489.4 million, EPS $0.84.
  - Period: the fourth quarter and full year of 2022
  - Revenue: $489.4 million
  - EPS: $0.84
  - Result: reported results
  source text: (EX-99.1) --- NEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS RECORD FOURTH QUARTER 2022 AND FULL YEAR 2022 RESULTS Fourth Quarter 2022 Highlights • Sales of $489.4 million, an increase of 13% over the prior year, was a fourth quarter record • Strong sales growth in all three Segments; Distribution up 27%, Water Systems up 9%, and Fueling Systems up
  evidence_url: https://www.sec.gov/Archives/edgar/data/38725/000003872523000002/0000038725-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.