United States

Profile: Franklin Electric Co Inc (FELE.OQ)

FELE.OQ on NASDAQ Stock Exchange Global Select Market

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Franklin Electric Co., Inc., incorporated on November 12, 1946, together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, and related parts and equipment. The Company's segments include the Water Systems segment and the Fueling Systems segment. The Company's Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and original equipment manufacturers (OEMs), as well as industrial and petroleum equipment distributors, and oil and utility companies.

Water Systems

The Company's Water Systems segment produces and markets water pumping systems. The segment is also engaged in submersible motors, pumps, drives, electronic controls and monitoring devices. The segment designs, manufactures and sells motors, pumps, electronic controls and related parts and equipment for use in groundwater, wastewater, and fuel transfer applications.

The Company's Water Systems motors and pumps are used for pumping fresh water and wastewater in a range of residential, agricultural, and industrial applications. Water Systems also manufactures electronic drives and controls for the motors, which control functionality and provide protection from various hazards, such as electric surges, over-heating, or dry wells or tanks. The segment includes a range of activities, such as electronic drives and controls for submersible pumping and heating, ventilation and air conditioning (HVAC) applications; submersible pumping technology, including the Fhoton solar drive system; submersible and surface pumps for agricultural and municipal applications; gray water pumping equipment, including the Pit+Plus Basin System, IGPH series high head grinder pumps, and battery backup sump pump kits; submersible motor technology and motor protection, and artificial lift systems for gas well dewatering and oil pumping, including a drive system and deeper set pumps.

The Company competes with Grundfos Management A/S, Pentair, Inc. and Xylem, Inc.

Fueling Systems

The Company's Fueling Systems is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems. The segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment for use in submersible fueling system applications. The segment includes a range of activities, such as development of alternative fuel pumping systems, development of a system for monitoring substation circuit breakers, development of a system for routing electrical wiring to watertight fuel containment sumps and software enhancements to automatic tank gauges.

The Company competes with Danaher Corporation and Dover Corporation.

Company Address

Franklin Electric Co Inc

9255 Coverdale Rd
FORT WAYNE   IN   46809-9613
P: +1260.8242900
F: +1260.8242909

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