96.98
+2.98%
Close of 9 Nov 2026, in USD
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About Franklin Electric Co
From its filings with the US Securities and Exchange Commission
Franklin Electric Co is based in Fort Wayne, Indiana and is incorporated in Indiana. Its shares trade on Nasdaq under the ticker FELE. The SEC classifies its business as motors & generators. In the fiscal year to 31 December 2025, it reported revenue of $2.13bn and net income of $147.1m. At that date it held total assets of $1.94bn and shareholders' equity of $1.32bn. By region, United States accounted for 67.9%, followed by Foreign at 32.1%.
Franklin Electric Co., Inc. (“Franklin Electric” or the “Company”) is an Indiana corporation founded in 1944 and incorporated in 1946. Named after America’s pioneer electrical engineer, Benjamin Franklin, Franklin Electric manufactured the first water-lubricated submersible motor for water systems and the first submersible motor for fueling systems. With 2025 revenue of approximately $2.1 billion, the Company designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment.
The Company’s water pumping systems move fresh and wastewater for the residential, agricultural and other industrial end markets. The Company also sells various groundwater equipment products to well installation contractors, including water pumping systems, through its and third-party distribution branches located in the U.S. With a growing global footprint, the Company has also evolved into a top supplier of submersible fueling systems at gas stations, making pumps, pipes, electronic controls and monitoring devices.
Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 17 Mar 1980
- Employees
- 6,500
- Website
- franklin-electric.com ↗
- Head office
- 9255 COVERDALE ROAD, FORT WAYNE, IN, 46809
- Incorporated in
- IN
- Classification
- Motors & Generators
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Jennifer ShermanIndependent Chairman of the Board$248,500
- Mr. Joseph RuzynskiChief Executive Officer, Director, since 2024$6.4m
- Ms. Jennifer WolfenbargerChief Financial Officer, Chief Accounting Officer, Vice President
- Ms. Daniela WilliamsChief Human Resources Officer
- Mr. Jonathan GrandonChief Administrative Officer, Vice President, General Counsel, Corporate Secretary$1.5m
- Mr. DeLancey DavisVice President, President - Headwater Companies$822,185
- Mr. Gregory LevineVice President, President - Global Water$1.4m
- Mr. Brent SpikesVice President - Global Manufacturing
- Mr. Jay WalshVice President, President - Energy Systems$1.2m
- Mr. Mark CaranoIndependent Director
- Mr. Victor GrizzleIndependent Director$241,000
- Mr. Alok MaskaraIndependent Director$257,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 59
- Environment
- 85
- Social
- 63
- Governance
- 28
- Women in the workforce
- 19%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Franklin Electric Co Inc has a strong global presence with operations in various countries.
- The company has a diverse range of products and solutions in the electric industry.
- Franklin Electric Co Inc has a strong reputation for high-quality and reliable products.
- The company has a well-established customer base and long-term relationships with key clients.
Weaknesses
- Franklin Electric Co Inc may face challenges in expanding its market share in highly competitive markets.
- The company's dependency on certain key suppliers may create risks for the supply chain.
- Limited product diversification in some segments of the electric industry.
Opportunities
- Increasing global demand for efficient and sustainable electric solutions presents growth opportunities for Franklin Electric Co Inc.
- Expansion into emerging markets where there is a growing need for electric infrastructure.
- Investment in research and development to innovate and introduce new products to the market.
Threats
- Intense competition from both established and emerging companies in the electric industry.
- Changes in government regulations and policies affecting the electric industry.
- Economic downturns and fluctuations impacting customer spending and demand for electric products.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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