---
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"
generated_at: "2026-06-09T14:59:17.076591+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Franklin Electric Q3 EPS $1.23, sales down 2% YoY; lowers full-year guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-23-000177
- JSON: https://secwatch.observer/filing/0000038725-23-000177.json
- Plain text: https://secwatch.observer/filing/0000038725-23-000177.txt

## Key facts
- Earnings Releases
  FRANKLIN ELECTRIC CO INC reported the third quarter of 2023 results: revenue $538.4 million, EPS $1.23. Guidance lowered.
  - Period: the third quarter of 2023
  - Revenue: $538.4 million
  - EPS: $1.23
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38725/000003872523000177/0000038725-23-000177-index.htm

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