Franklin Electric Co Inc - Company Profile
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Franklin Electric Co Inc (Franklin Electric) is a provider of systems and components for moving water and energy. The company's primary activities include the design, manufacture, and distribution of water and fuel pumping systems, which are composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. Franklin Electric's key products include water pumping systems for fresh and wastewater, groundwater equipment, and submersible fueling systems. The company serves a diverse customer base, including residential, agricultural, and industrial end markets, as well as installation contractors and gas stations. It operates globally, with a significant presence in the US, Canada, Latin America, Europe, the Middle East & Africa, and Asia Pacific. Franklin Electric is headquartered in Fort Wayne, Indiana, the US.
Headquarters
United States of America
Address
9255 Coverdale Road, Fort Wayne, Indiana, 46809
Website
franklin-electric.com
Telephone
1 260 8242900
No of Employees
6,500
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
FELE (NASD)
Revenue (2024)
$2.1B
5.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-18.4%
(2024 vs 2023)
Market Cap*
$4.5B
Net Profit Margin (2024)
XYZ
-22.7%
(2024 vs 2023)
* As of and is in US$
Franklin Electric Co Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Drives | Franklin Electric |
| Pumps | |
| Submersible Motors | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In May, the company acquired Wood Bros. Industries and Reverse Osmosis Superstore from A. Buchholtz & Company, a financing advisory firm. |
| 2026 | Acquisitions/Mergers/Takeovers | In May, the company acquired Vistar Water Technologies, Piertek, Inc. and Piertek III, LLC. |
| 2025 | Contracts/Agreements | In February, the company entered into an agreement to acquire Barnes de Colombia S.A. |
Competitor Comparison
| Key Parameters | Franklin Electric Co Inc | Xylem Inc | Dover Corp | Sulzer Ltd | Pentair Plc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Switzerland | United Kingdom |
| City | Fort Wayne | Washington | Downers Grove | Winterthur | London |
| State/Province | Indiana | WashingtonD.C. | Illinois | - | Greater London |
| No. of Employees | 6,500 | 23,132 | 24,000 | 13,526 | 9,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jennifer L. Sherman | Chairman | Executive Board | 2025 | 60 |
| Joe Ruzynski | Chief Executive Officer; Director | Executive Board | 2024 | 49 |
| Jennifer Wolfenbarger | Chief Financial Officer | Senior Management | 2025 | - |
| Jonathan M. Grandon | Secretary; Chief Administrative Officer; General Counsel | Senior Management | 2016 | 49 |
| Daniela Williams | Chief Human Resources Officer | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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