{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-24-000074","form_type":"8-K","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.603665+00:00","generated_at":"2026-06-03T04:55:52.475288+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Franklin Electric Q1 2024 sales down 5% to $460.9M, EPS $0.70 vs $0.79 YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-24-000074","json":"https://secwatch.observer/filing/0000038725-24-000074.json","markdown":"https://secwatch.observer/filing/0000038725-24-000074.md","text":"https://secwatch.observer/filing/0000038725-24-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/fele-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:55:52.475288+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":"23ca09944ec3ce898b933f24b51f564ac18533ea","claim":"FRANKLIN ELECTRIC CO INC reported first quarter of 2023 results: revenue $484.6 million, EPS $0.79.","evidence_excerpt":"First quarter 2023 net sales of $484.6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$484.6 million"},{"label":"EPS","value":"$0.79"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"249d7a99aa3929d77c39a5ec099d3910bcee280e","claim":"FRANKLIN ELECTRIC CO INC reported first quarter of 2024 results: revenue $460.9 million, EPS $0.70. Guidance reaffirmed.","evidence_excerpt":"Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2024. First quarter 2024 net sales were $460.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Revenue","value":"$460.9 million"},{"label":"EPS","value":"$0.70"},{"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"}