secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN ELECTRIC CO INC (FELE)
CIK:        0000038725
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000038725-24-000074
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/fele-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000038725-24-000074

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