Franklin Electric Q1 2024 sales down 5% to $460.9M, EPS $0.70 vs $0.79 YoY

FRANKLIN ELECTRIC CO INC

2024-Q1 EPS reported $0.70 revenue$460,900,000

Consolidated net sales $460.9M, -5% YoY; GAAP EPS $0.70 vs $0.79.
Water Systems sales -7%, Distribution +3%, Fueling Systems -15%.
Operating income $47.9M vs $52.6M; operating margin 10.4%.
FY 2024 guidance maintained: sales $2.10-2.17B, EPS $4.22-4.40.
CEO cites slower start with improvement through quarter and healthy core demand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN ELECTRIC CO INC reported first quarter of 2023 results: revenue $484.6 million, EPS $0.79.

Period: first quarter of 2023
Revenue: $484.6 million
EPS: $0.79
Result: reported results

Exact text from the filing

First quarter 2023 net sales of $484.6 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN ELECTRIC CO INC reported first quarter of 2024 results: revenue $460.9 million, EPS $0.70. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: $460.9 million
EPS: $0.70
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2024. First quarter 2024 net sales were $460.9 million

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Source: SEC EDGAR

accession 0000038725-24-000074

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