{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-24-000010","form_type":"8-K","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.604126+00:00","generated_at":"2026-06-06T03:53:03.909866+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Franklin Electric reports FY2023 record sales $2.1B, record EPS $4.11, provides 2024 guidance","bullets":["Q4 net sales $473.0M (-3% YoY); GAAP EPS $0.82 vs $0.84 prior year.","Full year 2023: record net sales $2.06B (+1%), record operating income $262.4M, record EPS $4.11.","Record operating cash flow $315.7M, up $214M YoY on improved working capital.","Fueling Systems segment sales fell 23% due to destocking and delays; Water Systems and Distribution each -1%.","2024 guidance: net sales $2.10-2.17B, EPS $4.22-4.40."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-24-000010","json":"https://secwatch.observer/filing/0000038725-24-000010.json","markdown":"https://secwatch.observer/filing/0000038725-24-000010.md","text":"https://secwatch.observer/filing/0000038725-24-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000010/0000038725-24-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000010/fele-20240213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:53:03.909866+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":"41c0583dcfdab83b632e8a3911e4069e7630a5cd","claim":"FRANKLIN ELECTRIC CO INC reported fourth quarter and full year of 2023 results: revenue $473.0 million, EPS $0.82. Guidance reaffirmed.","evidence_excerpt":"--- NEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS FOURTH QUARTER 2023 AND FULL YEAR 2023 RESULTS Fourth Quarter 2023 Highlights • Consolidated net sales of $473.0 million, a decrease of 3% to the prior year • Water Systems and Distribution net sales decreased by 1% each, while Fueling Systems net sales decreased 23% • Operating income was $50.8","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000010/0000038725-24-000010-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year of 2023"},{"label":"Revenue","value":"$473.0 million"},{"label":"EPS","value":"$0.82"},{"label":"Guidance","value":"reaffirmed"},{"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"}