secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN ELECTRIC CO INC (FELE)
CIK:        0000038725
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000038725-23-000149
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38725/000003872523000149/0000038725-23-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38725/000003872523000149/fele-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000038725-23-000149

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