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Dec 31, 2022
Franklin Electric Q4 2022 Earnings Report
Franklin Electric's Q4 2022 earnings were released, revealing record fourth-quarter sales and operating income, but a slight decrease in GAAP EPS compared to the prior year.
Key Takeaways
Franklin Electric reported record fourth-quarter sales of $489.4 million, a 13% increase year-over-year, and record operating income of $56.2 million, up 19% from the prior year. GAAP EPS was $0.84, a slight decrease of $0.01 compared to the prior year. The company delivered record full-year sales, operating income, and earnings per share.
Sales reached $489.4 million, marking a 13% increase over the prior year and a fourth-quarter record.
All three segments experienced strong sales growth, with Distribution up 27%, Water Systems up 9%, and Fueling Systems up 8%.
Operating income hit a fourth-quarter record of $56.2 million, reflecting a 19% increase compared to the prior year.
GAAP fully diluted earnings per share (EPS) stood at $0.84, a decrease of $0.01 from the prior year.
Franklin Electric
Franklin Electric
Franklin Electric Revenue by Segment
Franklin Electric Revenue by Geographic Location
Revenue by Segment
Water Systems Revenue
CapyFin.comDistribution Revenue
CapyFin.comEnergy Systems Revenue
CapyFin.comRevenue by Geographic Location
United States & Canada Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope, Middle East & Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
The Company expects its full year 2023 sales to be in the range of $2.1 billion to $2.2 billion and full year 2023 EPS to be in the range of $4.10 to $4.30.
Positive Outlook
- Full year 2023 sales to be in the range of $2.1 billion to $2.2 billion
- Full year 2023 EPS to be in the range of $4.10 to $4.30
- Well positioned to continue momentum based on robust demand across end markets
- Diverse customer base
- Growing global need for clean water and safe, cost-effective fueling solutions
Revenue & Expenses
Visualization of income flow from segment revenue to net income