secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN ELECTRIC CO INC (FELE)
CIK:        0000038725
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0000038725-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38725/000003872523000002/0000038725-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38725/000003872523000002/fele-20230214.htm
  HTML page:      https://secwatch.observer/filing/0000038725-23-000002

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