---
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"
generated_at: "2026-06-06T03:53:03.909866+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Franklin Electric reports FY2023 record sales $2.1B, record EPS $4.11, provides 2024 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-24-000010
- JSON: https://secwatch.observer/filing/0000038725-24-000010.json
- Plain text: https://secwatch.observer/filing/0000038725-24-000010.txt

## Key facts
- Earnings Releases
  FRANKLIN ELECTRIC CO INC reported fourth quarter and full year of 2023 results: revenue $473.0 million, EPS $0.82. Guidance reaffirmed.
  - Period: fourth quarter and full year of 2023
  - Revenue: $473.0 million
  - EPS: $0.82
  - Guidance: reaffirmed
  - Result: reported results
  source text: --- 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_url: https://www.sec.gov/Archives/edgar/data/38725/000003872524000010/0000038725-24-000010-index.htm

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