Franklin Electric Q2 2023 sales hit record $569M, EPS $1.27

FRANKLIN ELECTRIC CO INC

2023-Q2 EPS reported $2.06 revenue$1,053,732,000

Net sales $569.1M, +3% YoY; operating income $80.9M vs $81.0M YoY.
GAAP EPS $1.27, record for any quarter; prior year $1.26.
Water Systems sales $321.7M (+4%), record; Distribution $193.1M (+1%); Fueling Systems $80.4M (-7%).
FY2023 guidance unchanged: sales $2.15-2.25B, EPS $4.25-4.45.
Weather and inventory destocking hit Distribution operating income, down to $17.8M from $23.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FRANKLIN ELECTRIC CO INC reported second quarter of 2023 results: revenue $569.1 million, EPS $1.27. Guidance reaffirmed.

Period: second quarter of 2023
Revenue: $569.1 million
EPS: $1.27
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Franklin Electric Co., Inc. today announced its second quarter financial results for fiscal year 2023. Second quarter 2023 net sales were $569.1 million, compared to second quarter 2022 net sales of $551.1 million. Second quarter 2023 operating income was $80.9 million, compared to second quarter 2022 operating income of $81.0 million. Second quarter 2023 EPS was $1.27, versus EPS in the second quarter 2022 of $1.26.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

FRANKLIN ELECTRIC CO INC filing history →

Source: SEC EDGAR

accession 0000038725-23-000149

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.