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Dec 31, 2023
Franklin Electric Q4 2023 Earnings Report
Franklin Electric reported a decrease in net sales and operating income compared to the prior year, but the company delivered solid results, ending a record year overall.
Key Takeaways
Franklin Electric reported Q4 2023 net sales of $473.0 million, a decrease of 3% compared to Q4 2022. The company's operating income was $50.8 million, and EPS was $0.82. Despite a decline in Fueling Systems sales, Water Systems and Distribution segments showed resilience. The company expects demand to gain momentum in 2024.
Consolidated net sales decreased by 3% to $473.0 million compared to the prior year.
Operating income was $50.8 million with an operating margin of 10.7%.
GAAP fully diluted earnings per share (EPS) was $0.82.
Water Systems and Distribution net sales decreased by 1% each, while Fueling Systems net sales decreased 23%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects its full year 2024 sales to be in the range of $2.10 billion to $2.17 billion and full year 2024 EPS to be in the range of $4.22 to $4.40.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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