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 |
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
10-Q - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
10-Q - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
11-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
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
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,
FORT WAYNE, Ind., July 22, 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 August 15, 2024, to shareholders of record on August 1, 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's M
FORT WAYNE, Ind., July 09, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its second quarter 2024 earnings at 8:00 am ET on Tuesday, July 23, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The second 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/f8j7t4wj 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/BI8d56cfdc94aa49358360ba12cb42e3e2 All registrants
First Quarter 2024 Highlights Consolidated net sales of $460.9 million, a decrease of 5% to the prior yearDistribution net sales increased 3%, while Water Systems and Fueling Systems net sales decreased 7% and 15%, respectivelyOperating income was $47.9 million with operating margin of 10.4%GAAP fully diluted earnings per share (EPS) was $0.70 FORT WAYNE, Ind., April 30, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2024. First quarter 2024 net sales were $460.9 million, compared to first quarter 2023 net sales of $484.6 million. First quarter 2024 operating income was $47.9 million, compared to first quarter 202
FORT WAYNE, Ind., April 22, 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 May 16, 2024, to shareholders of record on May 2, 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's Most R
FORT WAYNE, Ind., April 16, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its first quarter 2024 earnings at 8:00 am ET on Tuesday, April 30, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The first 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/np8yrgn4 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/BI69e000919c5c4cc4ab5f19c089297b7b All registrants
Fourth Quarter 2023 Highlights Consolidated net sales of $473.0 million, a decrease of 3% to the prior yearWater Systems and Distribution net sales decreased by 1% each, while Fueling Systems net sales decreased 23%Operating income was $50.8 million with operating margin of 10.7%GAAP fully diluted earnings per share (EPS) was $0.82 Full Year 2023 Highlights Full Year record net sales of $2.1 billion, an increase of 1% over the prior yearWater Systems and Distribution both set new net sales records with increases of 4% and 1%, respectively, while Fueling Systems net sales decreased 11%Operating income for 2023 was a record at $262.4 million with operating margin of 12.7% GAAP fully diluted
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
The Company is maintaining its sales guidance for full year 2024 to be in the range of $2.10 billion to $2.17 billion and reducing its EPS guidance for full year 2024 to be in the range of $4.16 to $4.34 which incorporates the Company's first half performance and its outlook for continued solid execution in the second half while maintaining strong margins similar to the first half.
Franklin Electric (NASDAQ:FELE) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.32 by 4.55 percent. This is a 0.79 percent decrease over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $543.26 million which missed the analyst consensus estimate of $569.91 million by 4.68 percent. This is a 4.55 percent decrease over sales of $569.18 million the same period last year.
DA Davidson analyst Matt Summerville maintains Franklin Electric (NASDAQ:FELE) with a Neutral and raises the price target from $87 to $90.
Franklin Electric (NASDAQ:FELE) reported quarterly earnings of $0.70 per share which missed the analyst consensus estimate of $0.73 by 4.11 percent. The company reported quarterly sales of $460.900 million which missed the analyst consensus estimate of $477.682 million by 3.51 percent. This is a 4.88 percent decrease over sales of $484.551 million the same period last year.
Northcoast Research analyst Ryan Connors upgrades Franklin Electric (NASDAQ:FELE) from Neutral to Buy.
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,
FORT WAYNE, Ind., July 22, 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 August 15, 2024, to shareholders of record on August 1, 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's M
FORT WAYNE, Ind., July 09, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its second quarter 2024 earnings at 8:00 am ET on Tuesday, July 23, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The second 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/f8j7t4wj 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/BI8d56cfdc94aa49358360ba12cb42e3e2 All registrants
Luton, Bedfordshire, United Kingdom, July 01, 2024 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Irrigation Pumps Market. The global irrigation pumps market is anticipated to grow from USD 161.61 Billion in 2023 to USD 257.3 Billion by 2030, at a CAGR of 6.87% during the forecast period. Get a Sample PDF Brochure: https://exactitudeconsultancy.com/reports/36025/irrigation-pumps-market/#request-a-sample Irrigation Pumps Market report is a valuable source of insightful data for business strategists. It provides the
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
First Quarter 2024 Highlights Consolidated net sales of $460.9 million, a decrease of 5% to the prior yearDistribution net sales increased 3%, while Water Systems and Fueling Systems net sales decreased 7% and 15%, respectivelyOperating income was $47.9 million with operating margin of 10.4%GAAP fully diluted earnings per share (EPS) was $0.70 FORT WAYNE, Ind., April 30, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2024. First quarter 2024 net sales were $460.9 million, compared to first quarter 2023 net sales of $484.6 million. First quarter 2024 operating income was $47.9 million, compared to first quarter 202
FORT WAYNE, Ind., April 22, 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 May 16, 2024, to shareholders of record on May 2, 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's Most R