Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Jan-02-16 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Net sales | 2,043.7 | 1,661.9 | 1,247.3 | 1,314.6 | 1,298.1 | 1,124.9 | 949.9 | 924.9 |
| Net sales growth | 23.0% | 33.2% | -5.1% | 1.3% | 15.4% | 18.4% | 2.7% | -11.7% |
| Cost of sales | 1,352.3 | 1,085.8 | 814.2 | 886.5 | 865.8 | 747.9 | 618.5 | 627.3 |
| Gross profit | 691.4 | 576.1 | 433.1 | 428.1 | 432.4 | 377.0 | 331.4 | 297.6 |
| Gross margin | 33.8% | 34.7% | 34.7% | 32.6% | 33.3% | 33.5% | 34.9% | 32.2% |
| Selling, general, and administrative expenses | 432.1 | 386.3 | 300.1 | 298.5 | 298.7 | 265.4 | 219.9 | 204.3 |
| Restructuring expense | 2.2 | 0.6 | 2.5 | 2.5 | 1.7 | 4.3 | -0.6 | 3.0 |
| Operating income | 257.2 | 189.2 | 130.5 | 127.1 | 132.0 | 107.2 | 112.1 | 90.4 |
| Operating margin | 12.6% | 11.4% | 10.5% | 9.7% | 10.2% | 9.5% | 11.8% | 9.8% |
| Interest expense | -11.5 | -5.2 | -4.6 | -8.2 | -9.8 | -10.3 | -8.7 | -10.0 |
| Other income/(expense), net | -3.2 | 8.0 | -0.8 | -0.4 | -1.0 | 6.7 | -0.3 | 6.9 |
| Foreign exchange income/(expense) | -7.2 | -2.3 | -1.4 | -1.6 | -0.7 | 1.0 | 1.1 | -0.9 |
| Income before income taxes | 235.2 | 189.7 | 123.7 | 116.8 | 120.4 | 104.6 | 104.1 | 86.3 |
| Income tax expense | 46.4 | 34.7 | 22.5 | 20.8 | 14.9 | 26.0 | 24.8 | 12.6 |
| Net income | 188.8 | 155.0 | 101.2 | 96.0 | 105.5 | 78.6 | 79.3 | 73.7 |
| Less: Net loss/(income) attributable to noncontrolling interests | -1.5 | -1.1 | -0.7 | -0.5 | 0.4 | -0.4 | -0.6 | -0.7 |
| Net income attributable to Franklin Electric Co., Inc. | 187.3 | 153.9 | 100.5 | 95.5 | 105.9 | 78.2 | 78.7 | 72.9 |
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| Earnings per share: | | | | | | | | |
| Basic | $4.02 | $3.29 | $2.16 | $2.04 | $2.25 | $1.67 | $1.67 | $1.52 |
| Diluted | $3.97 | $3.25 | $2.14 | $2.03 | $2.23 | $1.65 | $1.65 | $1.50 |
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