Franklin Electric Reports Fourth Quarter 2023 and Full Year 2023 Results

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 incr ...