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

  • Record first-quarter 2026 sales rose 10% to $500.4 million.
  • Backlog increased 10% with positive book-to-bill entering second quarter.
  • New products launched in 2025 target over $160 million by year three.

What critics are saying

  • Tariff-driven material costs cut first-quarter gross margin to 35%.
  • The new İzmir factory risks underutilization if export demand weakens.
  • Heavy dependence on new product adoption exposes 2026 to channel and launch risk.

What makes Franklin Electric unique

  • Franklin Electric pairs pumps with digital setup through FE Connect and VersaBoost Pro.
  • Its İzmir footprint combines manufacturing, R&D, and export reach across 50 countries.
  • The company expanded leadership with Bryan Duffy to strengthen industrial distribution execution.

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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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