secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN ELECTRIC CO INC (FELE)
CIK:        0000038725
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000038725-24-000138
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Electric Q2 net sales down 5% to $543.3M, EPS $1.26; lowers FY EPS guidance to $4.16-$4.34
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- Consolidated net sales $543.3M (-5% YoY); GAAP diluted EPS $1.26 vs $1.27.
- Water Systems operating income record $62.3M (+23% YoY); sales -2% to $315.6M.
- Distribution operating income $9.8M vs $17.8M; sales -1% due to wet weather delays.
- Fueling Systems sales -9% to $73.1M; operating income $26.0M vs $26.7M.
- FY2024 EPS guidance reduced to $4.16-$4.34; revenue guidance maintained at $2.10B-$2.17B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38725/000003872524000138/0000038725-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38725/000003872524000138/fele-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000038725-24-000138

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