Franklin Electric GAAP EPS of $0.79 beats by $0.15, revenue of $484.55M beats by $8.29M
- Franklin Electric press release (NASDAQ:FELE): Q1 GAAP EPS of $0.79 beats by $0.15.
- Revenue of $484.55M (+7.3% Y/Y) beats by $8.29M.
- Record first quarter sales in all three segments; Water Systems increased 12%, Distribution increased 6%, and Fueling Systems increased less than 1%
- The Company is updating and raising its guidance for full year 2023 sales to be in the range of $2.15 billion to $2.25 billion and full year 2023 EPS to be in the range of $4.25 to $4.45.