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, US
Websitefranklin-electric.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)5,400(-3%)
Job Openings17
Revenue (FY, 2019)$1.3 B(+2%)
Share Price (Aug 2020)$59.4 (+4%)
Cybersecurity ratingBMore

Key People/Management at Franklin Electric

Gregg C. Sengstack

Gregg C. Sengstack

Chairman, President, and Chief Executive Officer of the Company
John J. Haines

John J. Haines

Vice President, Chief Financial Officer
David T. Brown

David T. Brown

Director
Renee J. Peterson

Renee J. Peterson

Director
Vic Grizzle

Vic Grizzle

Director
Steven W. Aikman

Steven W. Aikman

Vice President, Global Water Systems Engineering
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Franklin Electric Office Locations

Franklin Electric has offices in Fort Wayne, Canby, Hillsboro, Madison and in 11 other locations
Fort Wayne, US (HQ)
9255 Coverdale Rd
Canby, US
310 Sequoia Pkwy
Hillsboro, US
6755 NE Evergreen Pkwy
Madison, US
3760 Marsh Rd
Saco, US
Saco, ME 04072, USA
Dandenong South, AU
106-110 Micro Circuit
Show all (16)

Franklin Electric Financials and Metrics

Franklin Electric Revenue

Franklin Electric's revenue was reported to be $1.31 b in FY, 2019
USD

Revenue (Q2, 2020)

308.3m

Gross profit (Q2, 2020)

107.1m

Gross profit margin (Q2, 2020), %

34.7%

Net income (Q2, 2020)

24.8m

EBIT (Q2, 2020)

33.9m

Market capitalization (7-Aug-2020)

2.7b

Closing stock price (7-Aug-2020)

59.4

Cash (30-Jun-2020)

43.1m

EV

2.8b
Franklin Electric's current market capitalization is $2.7 b.
Annual
USDFY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Revenue growth, %

9%(12%)3%

Cost of goods sold

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

Gross profit

230.3m301.7m331.5m297.6m331.5m377.0m432.3m428.1m
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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

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%
Annual
USDFY, 2010FY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

126.0m191.8m191.6m203.5m312.3m314.0m300.2m
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, 2020

Cash

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

Accounts Receivable

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

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

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

Net Income

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

Depreciation and Amortization

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

Inventories

(13.4m)(23.7m)(7.6m)(33.0m)9.4m(7.6m)(46.4m)(4.8m)17.2m

Accounts Payable

21.4m5.3m2.1m22.9m(19.7m)11.8m(11.1m)1.7m6.8m
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, 2020

Net Income

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

Depreciation and Amortization

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

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)

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)8.6m
Show all financial metrics

Franklin Electric Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Franklin Electric Online and Social Media Presence

Embed Graph

Franklin Electric News and Updates

Franklin Electric Reports Second Quarter 2020 Sales and Earnings

FORT WAYNE, Ind., July 28, 2020 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported second quarter 2020 GAAP fully diluted earnings per share (EPS) of $0.52, versus a GAAP fully diluted EPS in the second quarter 2019 of $0.70.  Second quarter 2020 sales were $308.3 million, com…

Franklin Electric Reports Fourth Quarter 2019 Sales and Earnings

FORT WAYNE, Ind., Feb. 18, 2020 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported fourth quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.42, versus a GAAP fully diluted EPS in the fourth quarter 2018 of $0.51.  Fourth quarter 2019 sales were $320.1 million, com…

Franklin Electric Announces Victor Grizzle Elected to be a Director of the Company

FORT WAYNE, Ind., Jan. 30, 2020 (GLOBE NEWSWIRE) -- The board of directors of Franklin Electric Co., Inc. (NASDAQ: FELE) has elected Victor Grizzle to be a director of the Company effective January 27, 2020.

Focus on DC Power Supply Module Market Changing the Way of Business in Upcoming Year with Profiling Key Franklin Electric, Asmo, Whirlpool

The global DC Power Supply Module market is valued at XX million USD in 2020 and is expected to reach XX million USD by the end of 2026, growing at a CAGR of XX% between 2020 and 2026. Posted via Industry Today. Follow us on Twitter @IndustryToday

Franklin Electric Reports Record Third Quarter 2019 Sales and Earnings

FORT WAYNE, Ind., Oct. 29, 2019 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) reported record third quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.72, versus a GAAP fully diluted EPS in the third quarter 2018 of $0.63.  Third quarter 2019 sales were a record $348.4…

Franklin Electric Acquires First Sales, LLC

FORT WAYNE, Ind., Aug. 01, 2019 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that it has completed the acquisition of First Sales, LLC, an Indiana manufacturer of water treatment and filtration equipment for the residential and commercial markets.  First Sales des…
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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, John J. Haines and David T. Brown.

  • How many employees does Franklin Electric have?

    Franklin Electric has 5,400 employees.

  • What is Franklin Electric revenue?

    Latest Franklin Electric annual revenue is $1.3 b.

  • What is Franklin Electric revenue per employee?

    Latest Franklin Electric revenue per employee is $243.4 k.

  • Who are Franklin Electric competitors?

    Competitors of Franklin Electric include SUEZ, Itron and Xylem.

  • 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 11 other locations.

  • How many offices does Franklin Electric have?

    Franklin Electric has 16 offices.