---
schema_version: "secwatch.filing_event.v1"
accession: "0000038725-23-000065"
form_type: "8-K"
ticker: "FELE"
cik: "0000038725"
company_name: "FRANKLIN ELECTRIC CO INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:59:27.923159+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Franklin Electric Q1 record sales $484.6M, EPS $0.79, raises FY guidance

## Summary
- Sales $484.6M (+7% YoY), record Q1; EPS $0.79 vs $0.63 prior year.
- Water Systems sales $306.6M (+12%), operating income $49.0M (record).
- Fueling Systems sales $72.7M (+0.3%), operating income $20.8M (record).
- Distribution sales $143.0M (+6%) but operating income fell to $4.7M from $9.4M on margin pressure.
- FY 2023 guidance raised: sales $2.15-2.25B, EPS $4.25-4.45.

## SEC filing metadata
- accession: 0000038725-23-000065
- form_type: 8-K
- ticker: FELE
- cik: 0000038725
- company_name: FRANKLIN ELECTRIC CO INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38725/000003872523000065/0000038725-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38725/000003872523000065/fele-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-23-000065
- JSON: https://secwatch.observer/filing/0000038725-23-000065.json
- Plain text: https://secwatch.observer/filing/0000038725-23-000065.txt

## Key facts
- Earnings Releases
  FRANKLIN ELECTRIC CO INC updated its first quarter of 2023 guidance (raised).
  - Period: first quarter of 2023
  - Guidance: raised
  - Result: reported results
  source text: On May 2, 2023, Franklin Electric Co., Inc. issued a press release announcing its earnings for the first quarter of 2023. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/38725/000003872523000065/0000038725-23-000065-index.htm

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