Franklin Electric Co Inc - Company Profile
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Franklin Electric Co Inc (Franklin Electric) designs, produces, and markets water and fuel pumping systems. The improved performance of the Distribution Segment, increased market presence, and focus on R&D are the company’s major strengths, even though declining business performance, Water Systems, and an increase in current liabilities are major causes for concern. The acquisition of Franklin Electric, strategic agreements, and a positive outlook for the construction industry in the US could provide growth opportunities to the company. However, stiff competition, rapidly changing technology, increasing manpower costs in the US, and raw material procurement risks could affect its operations.
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