Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, and industrial applications; and manufactures electronic drives and controls that are used in motors for controlling functionality, as well as provides protection from various hazards, such as electrical surges, over-heating, and dry wells or tanks. 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 fueling system applications. This segment serves other energy markets, such as power reliability systems, as well as includes electronic devices for online monitoring of the power utility, hydroelectric, and telecommunication and data center infrastructure. The Distribution segment sells to and provides presale support and specifications to the installing contractors. It sells products produced by the Water Systems segment and other brands. The company sells its products to wholesale and retail distributors, specialty distributors, original equipment manufacturers, industrial and petroleum equipment distributors, and oil and utility companies through its employee sales force and independent manufacturing representatives. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Fort Wayne, Indiana.
IPO Year:
Exchange: NASDAQ
Website: franklin-electric.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2024 | $110.00 | Neutral → Buy | Northcoast |
| 4/19/2023 | Perform | Oppenheimer | |
| 8/15/2022 | Buy → Neutral | Northcoast | |
| 7/15/2022 | $82.00 | Buy | Northcoast |
| 7/14/2022 | $75.00 | Outperform → Neutral | Robert W. Baird |
| 4/27/2022 | Neutral → Buy | Seaport Research Partners | |
| 3/9/2022 | $95.00 | Neutral → Outperform | Boenning & Scattergood |
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8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
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8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
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FORT WAYNE, Ind., May 08, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Franklin Electric Co., Inc. (NASDAQ:FELE) has elected Jennifer L. Sherman, President and Chief Executive Officer of Federal Signal Corporation, as Chairperson effective as of May 2, 2025 for a term expiring at the 2026 Annual Meeting of Shareholders. Ms. Sherman has been a Director of the Company since 2015. Joe Ruzynski, the Company's Chief Executive Officer, commented: "I want to congratulate Jennifer on her election as Chairperson of Franklin Electric. She knows the Company well, having served on our Board of Directors for 10 years, and I am looking forward to working closely with her to further develop and ref
FORT WAYNE, Ind., May 14, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE), a global leader in water and energy systems, announced today that its Board of Directors has appointed Joe Ruzynski as Chief Executive Officer and a member of the Board, effective July 1, 2024. Gregg Sengstack, who has served as CEO since 2014 and Chairperson since 2015, will continue as Executive Chairperson. Ruzynski, 49, joins Franklin Electric from nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, where he served as President of the Enclosures Segment since 2018. Prior to that, he held various leadership roles at Pentair plc, a global water tech
Jeffery L. Taylor has been appointed VP – CFO of Franklin Electric Co., Inc., effective June 14, 2021John J. Haines, VP – CFO of Franklin Electric Co., Inc., retires after 13 yearsMr. Taylor brings over 20 years of finance leadership experience to Franklin Electric, including most recently as the CFO of Blue Bird Corporation (NASDAQ:BLBD) 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 the Company but will support Mr. Taylor through an interim pe
Northcoast upgraded Franklin Electric from Neutral to Buy and set a new price target of $110.00
Oppenheimer initiated coverage of Franklin Electric with a rating of Perform
Northcoast downgraded Franklin Electric from Buy to Neutral
Northcoast initiated coverage of Franklin Electric with a rating of Buy and set a new price target of $82.00
Robert W. Baird downgraded Franklin Electric from Outperform to Neutral and set a new price target of $75.00
Seaport Research Partners upgraded Franklin Electric from Neutral to Buy
Boenning & Scattergood upgraded Franklin Electric from Neutral to Outperform and set a new price target of $95.00
FORT WAYNE, Ind., May 08, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Franklin Electric Co., Inc. (NASDAQ:FELE) has elected Jennifer L. Sherman, President and Chief Executive Officer of Federal Signal Corporation, as Chairperson effective as of May 2, 2025 for a term expiring at the 2026 Annual Meeting of Shareholders. Ms. Sherman has been a Director of the Company since 2015. Joe Ruzynski, the Company's Chief Executive Officer, commented: "I want to congratulate Jennifer on her election as Chairperson of Franklin Electric. She knows the Company well, having served on our Board of Directors for 10 years, and I am looking forward to working closely with her to further develop and ref
First Quarter 2025 Highlights Consolidated net sales of $455.2 million, a decrease of 1% to the prior yearEnergy Systems net sales increased 8% while Water Systems net sales were up less than 1% and Distribution net sales declined 3% Operating income was $44.1 million with operating margin of 9.7%GAAP fully diluted earnings per share (EPS) was $0.67 FORT WAYNE, Ind., April 29, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2025. First quarter 2025 net sales were $455.2 million, compared to first quarter 2024 net sales of $460.9 million. First quarter 2025 operating income was $44.1 million, compared to first quart
FORT WAYNE, Ind., April 28, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable May 22, 2025, to shareholders of record on May 8, 2025. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek's lists of America's Mos
FORT WAYNE, Ind., April 15, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its first quarter 2025 earnings at 8:00 am ET on Tuesday, April 29, 2025. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The first quarter 2025 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/yzximy3p For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register-conf.media-server.com/register/BI5cb1cdcef9da4de38184396c5211b443
Fourth Quarter 2024 Highlights Consolidated net sales of $485.7 million, an increase of 3% to the prior yearEnergy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flatOperating income was $43.0 million with operating margin of 8.9%GAAP fully diluted earnings per share (EPS) was $0.72 Full Year 2024 Highlights Consolidated net sales of $2.0 billion, a decrease of 2% to the prior yearDistribution net sales increased 2%, while Water Systems and Energy Systems net sales decreased 2% and 8%, respectivelyOperating income was $243.6 million with operating margin of 12.1%GAAP fully diluted earnings per share (EPS) was $3.86Cash flows from o
FORT WAYNE, Ind., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) Fort Wayne, Indiana, USA-based Franklin has signed a definitive agreement to acquire Barnes de Colombia S.A., a leading manufacturer and distributor of industrial and commercial pumps based in Cota, Cundinamarca, Colombia. This acquisition aligns with Franklin Electric's long-term growth and diversification goals, providing significant opportunities for expansion in Latin America. Barnes de Colombia, also operating under the WDM brand in certain countries including the US, is headquartered near Bogotá, Colombia. It has two manufacturing facilities and over eight stocking locations in Colombia
GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's sig
FORT WAYNE, Ind., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its fourth quarter and fiscal year 2024 earnings at 8:00 am ET on Tuesday, February 18, 2025. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The fourth quarter and fiscal year 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/9jnstij5 For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BI4b232e4ceea643
GREENWICH, Conn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector
FORT WAYNE, Ind., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable February 20, 2025, to shareholders of record on February 6, 2025. This represents a 6 percent increase from the prior quarterly dividend. This dividend will mark the 33rd consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and
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First Quarter 2025 Highlights Consolidated net sales of $455.2 million, a decrease of 1% to the prior yearEnergy Systems net sales increased 8% while Water Systems net sales were up less than 1% and Distribution net sales declined 3% Operating income was $44.1 million with operating margin of 9.7%GAAP fully diluted earnings per share (EPS) was $0.67 FORT WAYNE, Ind., April 29, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2025. First quarter 2025 net sales were $455.2 million, compared to first quarter 2024 net sales of $460.9 million. First quarter 2025 operating income was $44.1 million, compared to first quart
FORT WAYNE, Ind., April 28, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable May 22, 2025, to shareholders of record on May 8, 2025. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek's lists of America's Mos
FORT WAYNE, Ind., April 15, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its first quarter 2025 earnings at 8:00 am ET on Tuesday, April 29, 2025. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The first quarter 2025 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/yzximy3p For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register-conf.media-server.com/register/BI5cb1cdcef9da4de38184396c5211b443
Fourth Quarter 2024 Highlights Consolidated net sales of $485.7 million, an increase of 3% to the prior yearEnergy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flatOperating income was $43.0 million with operating margin of 8.9%GAAP fully diluted earnings per share (EPS) was $0.72 Full Year 2024 Highlights Consolidated net sales of $2.0 billion, a decrease of 2% to the prior yearDistribution net sales increased 2%, while Water Systems and Energy Systems net sales decreased 2% and 8%, respectivelyOperating income was $243.6 million with operating margin of 12.1%GAAP fully diluted earnings per share (EPS) was $3.86Cash flows from o
FORT WAYNE, Ind., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its fourth quarter and fiscal year 2024 earnings at 8:00 am ET on Tuesday, February 18, 2025. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The fourth quarter and fiscal year 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/9jnstij5 For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BI4b232e4ceea643
FORT WAYNE, Ind., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable February 20, 2025, to shareholders of record on February 6, 2025. This represents a 6 percent increase from the prior quarterly dividend. This dividend will mark the 33rd consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and
Third Quarter 2024 Highlights Consolidated net sales of $531.4 million, a decrease of 1% to the prior yearWater Systems and Distribution net sales increased 2% and 1%, respectively, while Fueling Systems net sales decreased 10%Operating income was $73.5 million with operating margin of 13.8%GAAP fully diluted earnings per share (EPS) was $1.17 FORT WAYNE, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2024. Third quarter 2024 net sales were $531.4 million, compared to third quarter 2023 net sales of $538.4 million. Third quarter 2024 operating income was $73.5 million, compared to
FORT WAYNE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable November 21, 2024, to shareholders of record on November 7, 2024. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek's lists of America
FORT WAYNE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its third quarter 2024 earnings at 8:00 am ET on Tuesday, October 29, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The third quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen-only mode by going to: https://edge.media-server.com/mmc/p/cp5pmtx9 For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BIa5e3e952cc2d47c28144fef8683c97e0 All registrants
Second Quarter 2024 Highlights Consolidated net sales of $543.3 million, a decrease of 5% to the prior year, with lower sales across all three segments Operating income was $79.1 million with operating margin of 14.6%GAAP fully diluted earnings per share (EPS) was $1.26 FORT WAYNE, Ind., July 23, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its second quarter financial results for fiscal year 2024. Second quarter 2024 net sales were $543.3 million, compared to second quarter 2023 net sales of $569.1 million. Second quarter 2024 operating income was $79.1 million, compared to second quarter 2023 operating income of $80.9 million. Second quarter 2024 EPS was $1.26,