Franklin Electric

Franklin Electric

Manufactures water, fuel, electricity distribution systems

Overview

Franklin Electric designs and distributes systems that move and manage water, fuel, and electricity, offering motors, pumps, drives, controls, and related equipment through a global network of facilities and distributors. Its products are built to provide reliable pumping, power transmission, and fluid handling for water supply, fuel delivery, and electrical applications. The company combines integrated hardware and subsystems with customer-ready support so facilities can install efficient water, fuel, and electrical systems. Its goal is to be a global leader in moving and managing water, fuel, and electricity by delivering dependable products and worldwide service.

About Franklin Electric

Simplify's Rating
Why Franklin Electric is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Fort Wayne, Indiana

Founded

1944

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Simplify's Take

What believers are saying

  • Q1 2026 sales rose 10% to $500.4 million across all segments.
  • Backlog increased 10% entering Q2 2026, supporting near-term demand visibility.
  • Geoquip acquisition and Bryan Duffy's promotion strengthen UK and industrial distribution execution.

What critics are saying

  • Tariffs cut Q1 2026 gross margin 100 basis points, pressuring hardware-heavy profitability.
  • Competitors in smart pumping and controls can seize spec positions before Franklin.
  • Acquisitions and product launches demand execution; missteps dilute returns and distract management.

What makes Franklin Electric unique

  • Franklin Electric spans water, fuel, and electricity systems across twenty countries.
  • VersaBoost Pro adds FE Connect-enabled pressure boosting for retrofit-heavy properties.
  • Cerus X-Drive targets IEEE-519 compliance with low-harmonic pump control panels.

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Funding

Total Funding

$650M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Hybrid Work Options

Paid Vacation

Paid Holidays

Parental Leave

Fertility Treatment Support

Adoption Assistance

Tuition Reimbursement

Professional Development Budget

Wellness Program

Stock Price

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