---
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"
generated_at: "2026-06-03T04:55:52.475288+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-24-000074
- JSON: https://secwatch.observer/filing/0000038725-24-000074.json
- Plain text: https://secwatch.observer/filing/0000038725-24-000074.txt

## Key facts
- Earnings Releases
  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
  source text: First quarter 2023 net sales of $484.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm

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