FRANKLIN ELECTRIC CO INC (FELE) [Rocket]

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
Revenues:
Fueling Systems	334.1	289.1	245.1	293.6	284.6	144.5		217.3
Distribution	668.1	497.6	328.4	291.8	269.6	176.7
Water Systems	1,157.5	963.6	734.7	781.5	800.1	321.9		707.6
Other	91.5	90.6	86.9	120.1	127.7
Other						481.8
Total revenues	2,043.7	1,661.9	1,247.3	1,314.6	1,298.1	1,124.9	949.9	924.9
Revenue growth [+]	23.0%	33.2%	-5.1%	1.3%	15.4%	18.4%	2.7%	-11.7%
Fueling Systems	15.6%	18.0%	-16.5%	3.2%	97.0%			-2.6%
Distribution	34.3%	51.5%	12.5%	8.2%	52.6%
Water Systems	20.1%	31.2%	-6.0%	-2.3%	148.6%			-14.2%
Other	1.0%	4.3%	-27.6%	-6.0%
Cost of goods sold	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	432.3	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	432.1	386.3	300.1	298.5	298.7	265.4	219.9	204.3
Other operating expenses	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA [+]	309.7	234.4	169.5	166.6	172.3	150.0	147.0	128.8
EBITDA growth	32.1%	38.3%	1.7%	-3.3%	14.8%	2.1%	14.1%	-16.3%
EBITDA margin	15.2%	14.1%	13.6%	12.7%	13.3%	13.3%	15.5%	13.9%
Depreciation	33.2	30.2	27.1	27.6	29.7	29.9	27.1	26.9
EBITA	276.6	204.2	142.4	139.1	142.6	120.1	119.9	102.0
EBITA margin	13.5%	12.3%	11.4%	10.6%	11.0%	10.7%	12.6%	11.0%
Amortization of intangibles	17.2	14.4	9.4	9.4	8.9	8.6	8.4	8.6
EBIT [+]	259.4	189.8	133.0	129.7	133.7	111.5	111.5	93.4
EBIT growth	36.6%	42.7%	2.6%	-3.0%	19.8%	0.1%	19.4%	-20.0%
EBIT margin	12.7%	11.4%	10.7%	9.9%	10.3%	9.9%	11.7%	10.1%
Non-recurring items [+]	2.2	0.6	2.5	2.5	1.7	4.3	-0.6	3.0
Asset impairment	2.2	0.6	2.5	2.5	1.7	4.3	-0.6	3.0
Interest expense	11.5	5.2	4.6	8.2	9.8	10.3	8.7	10.0
Interest expense	11.5	5.2	4.6	8.2	9.8	10.3	8.7	10.0
Other income (expense), net [+]	-10.4	5.7	-2.2	-2.1	-1.7	7.7	0.8	6.0
Gain (loss) on foreign currency transactions	-7.2	-2.3	-1.4	-1.6	-0.7	1.0	1.1	-0.9
Other	-3.2	8.0	-0.8	-0.4	-1.0	6.7	-0.3	6.9
Pre-tax income	235.2	189.7	123.7	116.8	120.4	104.6	104.1	86.3
Income taxes	46.4	34.7	22.5	20.8	14.9	26.0	24.8	12.6
Tax rate	19.7%	18.3%	18.2%	17.8%	12.4%	24.9%	23.8%	14.6%
Minority interest	1.5	1.1	0.7	0.5	-0.4	0.4	0.6	0.7
Net income	187.3	153.9	100.5	95.5	105.9	78.2	78.7	72.9
Net margin	9.2%	9.3%	8.1%	7.3%	8.2%	6.9%	8.3%	7.9%

Basic EPS [+]	$4.05	$3.32	$2.17	$2.06	$2.27	$1.68	$1.70	$1.55
Growth	22.0%	52.5%	5.7%	-9.4%	35.1%	-1.4%	10.1%	5.8%
Diluted EPS [+]	$3.99	$3.27	$2.15	$2.04	$2.25	$1.66	$1.69	$1.53
Growth	21.8%	52.2%	5.4%	-9.4%	35.4%	-1.4%	10.0%	5.8%

Dividends per share [+]	$0.80	$0.72	$0.64	$0.60	$0.49	$0.42	$0.40	$0.38
Growth	11.0%	12.1%	7.7%	22.9%	14.8%	6.3%	3.9%	10.1%

Shares outstanding (basic) [+]	46.3	46.4	46.2	46.4	46.6	46.5	46.2	47.1
Growth	-0.2%	0.4%	-0.4%	-0.4%	0.2%	0.6%	-1.9%	-1.3%
Shares outstanding (diluted) [+]	47.0	47.0	46.7	46.8	47.0	47.0	46.7	47.6
Growth	0.0%	0.6%	-0.2%	-0.4%	0.0%	0.6%	-1.9%	-1.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.