How did FELE's revenue and expenses trends shift in Q4 2024 compared to previous quarters?

**Franklin Electric Co Inc (FELE) experienced a decline in revenue and a shift in expense trends in Q4 2024 compared to previous quarters.**

1. **Revenue Trends**:
- FELE's total revenue for Q4 2024 was $460.9 million.
- The company's revenue in Q3 2024 was $531.4 million, indicating a decrease of approximately 1.4% from the previous quarter.
- Comparing Q4 2024 to Q2 2024, there was no data available for direct comparison, but considering the Q3 data, it suggests a potential decrease in revenue from Q2 to Q4.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|FELE|FELE.O|Franklin Electric|2023 Q4|-3.3632932936409827|4.7297E8|185|
|FELE|FELE.O|Franklin Electric|2024 Q1|-4.881013556880494|4.609E8|185|
|FELE|FELE.O|Franklin Electric|2024 Q2|-4.554438746198485|5.43258E8|185|
|FELE|FELE.O|Franklin Electric|2024 Q3|-1.2987736590203758|5.31438E8|185|

2. **Expense Trends**:
- No data was found for FELE's expenses in Q4 2024.
- The company's expenses in Q3 2024 were not provided, but the Q2 2024 expenses were not significantly different from Q1 2024, as no changes were mentioned.
- The Q1 2024 expenses were higher than Q3 2023, with SG&A expenses increasing from $107.7 million to $116.0 million.

3. **Comparing Trends**:
- The decline in revenue from Q3 to Q4 2024 could be attributed to various factors, including lower volumes in the international Fueling business and large dewatering equipment sales.
- The company's gross profit and operating income margins improved in Q4 2024, with a gross margin of 35.7%, an increase of 110 basis points from the prior year, and an operating margin of 13.8%, led by improvements in the Fueling Systems and Distribution segments.
- The net income margin of 9.22% and a return on equity of 15.03% indicate the company's profitability and efficiency in generating returns on shareholder equity.

In summary, Franklin Electric Co Inc (FELE) saw a decline in revenue from Q3 to Q4 2024 but maintained or improved its gross and operating margins, suggesting a focus on cost management and operational efficiency.