Franklin Electric Co Inc - Company Profile
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Business Description
Franklin Electric Co Inc (Franklin Electric) is primarily engaged in the provision of systems and components for the movement of water and fuel. The company designs, manufactures, and distributes water and fuel pumping systems, which are primarily composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. These products are used in a variety of applications, including residential, commercial, agricultural, industrial, and municipal settings. Franklin Electric classifies its operations into three reportable operational segments: Water Systems, Fueling Systems, and Distribution. As of December 2024, it has 220 manufacturing and distribution facilities located in more than 20 countries.
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R&D Overview
Franklin Electric undertook several R&D initiatives focused on developing new integrated pressure boosting systems for residential and commercial applications, enhancing electronic variable frequency drives and controls for pump and HVAC applications, expanding the offering of standard electric skid pump package designs, and developing new HVAC condensate product offerings. Additionally, the company worked on greywater pumping equipment, submersible pumps for various applications, and water treatment products aimed at improving component performance. In the Energy Systems sector, the company developed a new overfill protection valve for the Indian market, a Distribution Transformer Monitoring antenna, a new fiberglass tank sump and cover, a Remote Integration Panel, a Trip Signature Monitor, and upgraded electric vehicle charger switchgear. The R&D units of Franklin Electric Co Inc are focused on the development of new products, improvement of existing products, and manufacturing methods, as well as other applied research and development activities.. In FY2024, Franklin Electric spent US21.5 million on R&D, which as a percentage of revenue, stood a 1.1% and increased 21.5%.
Business Segments
Overview
Operates as a collection of wholly-owned leading groundwater distributors known as the Headwater companies. Delivers products and leading brands to the industry. Sells and provides pre-sales support and specifications to the installing contractors. Operates within the US professional groundwater market. In FY2024, the segment’s capital expenditure was US$9.3 million, which decreased 0% YoY.
Performance
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Overview
Offers pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment essentially for use in submersible fueling system applications. Manufactures fuel pumping systems, fuel containment systems, and monitoring and control systems. Fueling systems offer an array of components between the tank and the dispenser, including submersible pumps, sumps, station hardware, piping, vapor recovery, and electronic controls. Serves energy, power utility, hydroelectric, rail, telecommunication, and data center infrastructure. Operates manufacturing facilities in the US, Brazil, China, and Mexico. In FY2024, the segment’s capital expenditure stood at US$2.3 million, which increased 23.3% YoY.
Performance
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Overview
Offers motors, pumps, electronic controls, monitoring devices, drives, and related parts and equipment mainly for use in groundwater, water transfer, and wastewater. Manufactures electronic drives and controls for the motors, which control functionality and provide protection from various hazards, such as overheating, electrical surges, and dry wells or dry tanks. Operates manufacturing facilities in the US, Brazil, Mexico, China, Italy, the Czech Republic, South Africa, and Turkey. In FY2024, the segment’s capital expenditure stood at US$27.8 million, which declined 2.8% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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