secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN ELECTRIC CO INC (FELE)
CIK:        0000038725
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000038725-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38725/000003872524000010/0000038725-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38725/000003872524000010/fele-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000038725-24-000010

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