{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-23-000177","form_type":"8-K","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.679089+00:00","generated_at":"2026-06-09T14:59:17.076591+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Franklin Electric Q3 EPS $1.23, sales down 2% YoY; lowers full-year guidance","bullets":["GAAP EPS of $1.23 vs $1.24; revenue $538.4M, down 2%; operating margin 14.5%.","Water Systems set Q3 records: sales $295.8M (+1%), op income $52.7M (+16%).","Distribution sales $189.2M (-2%), op income $10.7M vs $19.0M; Fueling sales $77.7M (-14%), op income $25.8M vs $28.6M.","Year-to-date operating cash flow $198.6M, up $191.5M from prior year.","FY2023 guidance updated: sales $2.05-2.15B, EPS $4.07-4.17; lowered from prior expectations."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-23-000177","json":"https://secwatch.observer/filing/0000038725-23-000177.json","markdown":"https://secwatch.observer/filing/0000038725-23-000177.md","text":"https://secwatch.observer/filing/0000038725-23-000177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000177/0000038725-23-000177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000177/fele-20231024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T14:59:17.076591+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a68bf846cf8b2a2a9eed562d84b0c6f4c5e99527","claim":"FRANKLIN ELECTRIC CO INC reported the third quarter of 2023 results: revenue $538.4 million, EPS $1.23. Guidance lowered.","evidence_excerpt":"EX-99.1 (EX-99.1) --- NEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS THIRD QUARTER 2023 RESULTS Third Quarter 2023 Highlights • Consolidated net sales of $538.4 million, a decrease of 2% to the prior year • Water Systems sales increased by 1%, while Fueling Systems and Distribution’s net sales decreased 14% and 2%, respectively • Operating","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000177/0000038725-23-000177-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$538.4 million"},{"label":"EPS","value":"$1.23"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}