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Stock impact report

Franklin Electric Reports Fourth Quarter 2023 and Full Year 2023 Results

Franklin Electric Co., Inc. (FELE) 
Last franklin electric co., inc. earnings: 4/28 08:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Fourth Quarter 2023 Highlights Consolidated net sales of $473.0 million, a decrease of 3% to the prior yearWater Systems and Distribution net sales decreased by 1% each, while Fueling Systems net sales decreased 23%Operating income was $50.8 million with operating margin of 10.7%GAAP fully diluted earnings per share (EPS) was $0.82 Full Year 2023 Highlights Full Year record net sales of $2.1 billion, an increase of 1% over the prior yearWater Systems and Distribution both set new net sales records with increases of 4% and 1%, respectively, while Fueling Systems net sales decreased 11%Operating income for 2023 was a record at $262.4 million with operating margin of 12.7% GAAP fully diluted EPS was a record at $4.11, an increase of 4% over the prior yearRecord cash flows from operating activities of $315.7 million increased $214.0 million over the prior year FORT WAYNE, Ind., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its fourth quarter and full Show less Read more
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