OverviewSuggest Edit

Franklin Electric is engaged in designing, manufacturing and distributing water and fuel pumping systems, including submersible motors, pumps, electronic controls and related parts and equipment. It operates in two segments, Water Systems and Fueling Systems. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment. The Fueling Systems segment provides pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment primarily for use in submersible fueling system applications.

TypePublic
Founded1944
HQFort Wayne, IN, US
Websitefranklin-electric.com
Employee Ratings3.7
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)5,400(-3%)
Revenue (FY, 2020)$1.2 B(-5%)
Share Price (Oct 2021)$87.3
Cybersecurity ratingBMore
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Key People/Management at Franklin Electric

Gregg C. Sengstack

Gregg C. Sengstack

Chairperson, President, and Chief Executive Officer of the Company
David T. Brown

David T. Brown

Director
Renee J. Peterson

Renee J. Peterson

Director
Vic Grizzle

Vic Grizzle

Director
Paul Chhabra

Paul Chhabra

Vice President, Global Product Supply
Jennifer L. Sherman

Jennifer L. Sherman

Director
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Franklin Electric Office Locations

Franklin Electric has offices in Fort Wayne, Canby, Hillsboro, Madison and in 10 other locations
Fort Wayne, IN, US (HQ)
9255 Coverdale Rd
Canby, OR, US
310 Sequoia Pkwy
Hillsboro, OR, US
6755 NE Evergreen Pkwy
Madison, WI, US
3760 Marsh Rd
Saco, ME, US
Saco, ME 04072, USA
Dandenong South, AU
106-110 Micro Circuit
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Franklin Electric Financials and Metrics

Franklin Electric Revenue

Franklin Electric's revenue was reported to be $1.25 b in FY, 2020
USD

Revenue (Q1, 2021)

333.0m

Gross profit (Q1, 2021)

115.5m

Gross profit margin (Q1, 2021), %

34.7%

Net income (Q1, 2021)

28.2m

Market capitalization (22-Oct-2021)

4.1b

Closing stock price (22-Oct-2021)

87.3

Cash (31-Mar-2021)

118.3m

EV

4.0b
Franklin Electric's current market capitalization is $4.1 b.
Annual
USDFY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

713.8m891.3m965.5m1.0b924.9m949.9m1.1b1.3b1.3b1.2b

Revenue growth, %

9%(12%)3%

Cost of goods sold

483.5m589.7m633.9m627.3m618.5m747.9m865.8m886.5m814.2m

Gross profit

230.3m301.7m331.5m297.6m331.5m377.0m432.3m428.1m433.1m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

185.3m224.1m224.4m201.9m246.7m237.6m222.5m263.4m249.8m284.5m278.1m232.5m225.7m247.4m218.4m252.1m239.8m220.3m305.3m311.1m295.6m344.0m341.9m290.7m355.3m348.4m266.8m308.3m351.2m333.0m

Cost of goods sold

124.8m146.9m150.7m135.7m162.4m155.0m148.6m168.9m162.9m185.1m188.9m155.7m154.2m167.2m144.2m161.4m154.3m144.4m202.6m207.3m196.6m227.9m228.9m201.2m235.6m230.8m176.4m201.2m226.9m217.5m

Gross profit

60.5m77.2m73.7m66.3m84.3m82.6m73.9m94.6m87.0m99.4m89.2m76.8m71.5m80.2m74.2m90.7m85.5m75.9m102.8m103.8m99.0m116.1m113.0m89.5m119.7m117.6m90.3m107.1m124.3m115.5m

Gross profit Margin, %

33%34%33%33%34%35%33%36%35%35%32%33%32%32%34%36%36%34%34%33%33%34%33%31%34%34%34%35%35%35%
Annual
USDFY, 2010FY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

86.9m140.1m103.3m134.6m59.1m59.1m104.3m67.2m59.2m64.4m130.8m

Accounts Receivable

70.8m102.9m115.1m146.0m171.0m172.9m173.3m159.8m

Prepaid Expenses

14.8m22.9m21.0m30.0m38.6m33.8m29.5m

Inventories

126.0m191.8m191.6m203.5m312.3m314.0m300.2m300.9m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

102.8m94.2m128.1m98.9m86.3m95.7m74.7m77.1m118.1m102.1m87.7m77.4m84.9m69.6m63.0m74.6m71.6m79.0m70.7m55.1m60.1m67.4m70.0m41.2m54.4m41.0m47.8m40.0m43.1m114.5m118.3m

Accounts Receivable

98.9m121.7m101.7m119.5m127.1m118.8m130.9m147.9m130.8m151.2m162.0m152.1m154.7m190.7m176.3m192.8m206.5m193.4m180.6m220.8m198.1m167.6m183.2m171.8m179.4m

Prepaid Expenses

16.8m16.2m11.7m19.1m17.8m25.0m21.9m19.1m19.7m30.6m29.5m31.3m33.8m37.2m44.5m38.4m34.7m31.9m34.1m34.9m37.9m

Inventories

153.0m164.8m154.1m186.5m193.9m198.3m205.4m204.3m199.9m223.1m239.5m243.2m209.2m221.5m219.9m207.7m210.6m215.1m235.7m296.7m301.4m343.3m328.6m323.2m336.6m352.4m333.8m310.0m299.4m289.3m310.3m
Annual
USDFY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

39.0m82.9m82.7m70.9m73.7m79.3m105.5m96.0m101.2m

Depreciation and Amortization

24.0m28.3m31.4m37.2m35.5m35.5m38.5m38.6m37.0m36.5m

Inventories

(13.4m)(23.7m)(7.6m)(33.0m)9.4m(7.6m)(46.4m)(4.8m)17.2m13.1m

Accounts Payable

21.4m5.3m2.1m22.9m(19.7m)11.8m(11.1m)1.7m6.8m20.5m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

10.7m21.7m19.2m23.0m47.9m69.7m15.5m43.6m69.4m17.4m27.5m22.8m21.0m20.0m16.4m13.6m37.8m61.5m15.9m46.2m70.7m21.2m51.3m81.2m9.1m41.9m76.0m10.8m35.6m74.2m28.2m

Depreciation and Amortization

5.8m1.7m1.6m6.2m12.9m19.5m7.4m14.9m22.8m8.8m8.8m17.6m26.8m8.9m18.4m28.4m9.9m19.6m29.0m9.3m18.4m27.7m9.2m18.0m26.9m9.6m

Inventories

13.7m(18.2m)(30.2m)(30.5m)(17.0m)(20.1m)(15.0m)(31.4m)(8.9m)(11.0m)(14.9m)(29.7m)(31.8m)(35.8m)(23.9m)(20.6m)(15.6m)(21.0m)(35.3m)(19.8m)(20.0m)(7.5m)4.3m(14.3m)

Accounts Payable

(454.0k)(1.6m)(1.2m)1.8m(8.4m)(872.0k)968.0k8.4m59.9m58.6m(3.6m)3.1m9.3m(10.5m)(24.7m)(17.9m)(15.4m)(1.1m)(6.1m)1.3m18.6m27.4m(4.2m)8.6m26.1m(298.0k)
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Franklin Electric Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Franklin Electric Online and Social Media Presence

Embed Graph

Franklin Electric Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    C

    65/100

  • Compensation

    B-

    70/100

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Franklin Electric News and Updates

Franklin Electric Schedules Its Third Quarter 2021 Earnings Release and Conference Call

FORT WAYNE, Ind., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its third quarter 2021 earnings at 8:00 am ET on Tuesday, October 26, 2021. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The third…

Franklin Electric Reports Record Second Quarter 2021 Results

Second Quarter 2021 Highlights

Franklin Electric Schedules Its Second Quarter 2021 Earnings Release and Conference Call

FORT WAYNE, Ind., July 13, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its second quarter 2021 earnings at 8:00 am ET on Tuesday, July 27, 2021. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The second …

Franklin Electric Appoints Jeffery L. Taylor as Vice President and Chief Financial Officer and Announces Retirement of CFO John J. Haines

FORT WAYNE, Ind., June 14, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. (NASDAQ: FELE) announced today that Jeffery L. Taylor has been appointed Vice President and Chief Financial Officer effective June 14, 2021. John J. Haines has retired as Vice President and Chief Financial Officer of th…

Franklin Electric Completes Acquisition of New Aqua, LLC

FORT WAYNE, Ind., May 17, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that it has acquired New Aqua, LLC and its wholly owned subsidiaries, headquartered in Indianapolis, Indiana in an all-cash transaction valued at $150 million, subject to customary adjustm…

Franklin Electric Announces Board of Director Changes Including the Election of Mr. Alok Maskara as Director of the Company

FORT WAYNE, Ind., May 07, 2021 (GLOBE NEWSWIRE) -- The following changes have been made to the Board of Directors of Franklin Electric Co., Inc. (NASDAQ: FELE).
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Franklin Electric Frequently Asked Questions

  • When was Franklin Electric founded?

    Franklin Electric was founded in 1944.

  • Who are Franklin Electric key executives?

    Franklin Electric's key executives are Gregg C. Sengstack, David T. Brown and Renee J. Peterson.

  • How many employees does Franklin Electric have?

    Franklin Electric has 5,400 employees.

  • What is Franklin Electric revenue?

    Latest Franklin Electric annual revenue is $1.2 b.

  • What is Franklin Electric revenue per employee?

    Latest Franklin Electric revenue per employee is $231 k.

  • Who are Franklin Electric competitors?

    Competitors of Franklin Electric include Chromalox, SUEZ and Itron.

  • Where is Franklin Electric headquarters?

    Franklin Electric headquarters is located at 9255 Coverdale Rd, Fort Wayne.

  • Where are Franklin Electric offices?

    Franklin Electric has offices in Fort Wayne, Canby, Hillsboro, Madison and in 10 other locations.

  • How many offices does Franklin Electric have?

    Franklin Electric has 16 offices.