secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN ELECTRIC CO INC (FELE)
CIK:        0000038725
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000038725-23-000177
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38725/000003872523000177/0000038725-23-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38725/000003872523000177/fele-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000038725-23-000177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer