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Franklin Electric Company profile

About Franklin Electric Co Inc

Franklin Electric Co., Inc. designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls, water treatment systems and related parts and equipment. The Company's segments include Water Systems, Fueling Systems, and Distribution segments. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices. It also designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer and wastewater. Its Fueling Systems segment is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems. The Distribution segment operates as a collection of wholly owned groundwater distributors known as the Headwater Companies.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Franklin Electric Co Inc revenues increased 33% to $1.66B. Net income applicable to common stockholders increased 53% to $153M. Revenues reflect Water Systems segment increase of 31% to $963.6M, Distribution segment increase of 52% to $497.6M, Fueling systems segment increase of 18% to $289.1M, United States segment increase of 41% to $1.08B, Foreign segment increase of 20% to $586.2M.

Equity composition

Common Stock $.10 Par, 02/11, 65M auth., 23,272,020 O/S. Insiders control 18.54%. PO 10/89, 2.5M shares issued pursuant to recapitalization. 6/04, 3/02, 2-for-1 stock splits. 03/13, 2-for-1 forward stock split.