Franklin Electric

-4.04%

Franklin Electric is an American company that specializes in the production of water and fuel pumping systems, including submersible pumps, motors, and controls. The company was founded in 1944 in Bluffton, Indiana by E.J. Schaefer, T.W. McConnaughay, and R. Robert Franklin. They originally focused on producing small motors for farm equipment, but later expanded into the water pump market.
Today, Franklin Electric has a global presence, with operations in over 50 countries and manufacturing facilities in North America, South America, Europe, and Asia. They offer a wide range of products for residential, agricultural, commercial, and industrial applications, including submersible pumps for groundwater and wastewater, surface pumps for irrigation and drainage, and fueling systems for the petroleum industry.
The company is known for its innovative products, such as the SubDrive compact constant pressure system, which provides consistent water pressure for homes and small commercial buildings. They also have a strong commitment to sustainability and are actively working to reduce the environmental impact of their products and operations.
Franklin Electric is a publicly traded company, listed on the NASDAQ stock exchange under the ticker symbol FELE. They have a strong financial track record and have been recognized for their performance and business practices, including being named one of America's Most Trustworthy Companies by Forbes magazine.
In addition to their product offerings, Franklin Electric also provides training, technical support, and engineering services to their customers. They also have a strong focus on community service and have developed programs and partnerships to support clean water and energy access initiatives around the world.

There are several factors that make the Franklin Electric company stand out from other companies:
1. Long History: The Franklin Electric company was founded in 1944, making it one of the oldest producers of water and fueling systems. With over 75 years of experience, the company has established itself as a leader in the industry.
2. Diverse Product Line: The company offers a wide range of products including pumps, motors, drives, controls, and other related equipment. Their products are used in various applications such as residential, commercial, agricultural, and industrial settings.
3. Global Presence: Franklin Electric has a global reach, with operations and distribution centers in over 20 countries. This allows them to cater to a diverse customer base and adapt to different market demands.
4. Innovation: The company is committed to continuous innovation and research and development. They have a team of engineers and scientists working to create new and improved products that meet the changing needs of their customers.
5. Sustainability: Franklin Electric is dedicated to sustainability and promoting environmental responsibility. They design products and systems that are energy-efficient and environmentally friendly.
6. Customer Service: The company prides itself on providing excellent customer service. They have a team of trained professionals who are available to assist customers with technical support, product selection, and after-sales service.
7. Corporate Social Responsibility: Franklin Electric is involved in various community development projects and initiatives, demonstrating its commitment to social responsibility. They also promote ethical business practices and maintain high standards of integrity.
8. Strong Brand Reputation: Over the years, Franklin Electric has built a strong brand reputation for quality, reliability, and customer satisfaction. This has helped them establish long-term relationships with customers and partners.