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Franklin Electric
-4.04%
Water service & technology / Water and fuel pumping systems
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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.
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.
What is special about the company?
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.
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.
What the company's business model?
The Franklin Electric company is a global leader in the manufacturing and distribution of water and fuel pumping systems, electrical power generation equipment, and related products and services. The company's business model is focused on providing reliable, innovative, and sustainable solutions for its customers' water and fuel management needs. This is achieved through a combination of manufacturing high-quality products, maintaining a strong distribution network, and providing exceptional customer service. Additionally, the company also strives to constantly improve its technology, expand its geographic presence, and pursue strategic partnerships and acquisitions to drive growth and enhance its competitive advantage.
Interesting facts about the company
1. The Franklin Electric company was founded in 1944 by Ed Schaefer and T.W. Sullivan in Bluffton, Indiana.
2. The company was named after Benjamin Franklin, as he was a symbol of progress and innovation.
3. The original purpose of the company was to manufacture electric motors for the agricultural industry.
4. During World War II, the company shifted its focus to supporting the war effort by producing parts for military vehicles and aircrafts.
5. In the 1950s, Franklin Electric became one of the first motor manufacturers to introduce oil-filled motors, which were more durable and efficient than their predecessors.
6. In the 1960s, the company expanded its product line to include pumps, becoming one of the first to produce submersible pumps for residential and commercial use.
7. In the 1970s, Franklin Electric introduced the first submersible wastewater pump, which revolutionized the industry and remains a best-selling pump today.
8. Today, Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel.
9. The company has operations in North and South America, Europe, and Asia, and serves customers in more than 100 countries.
10. In addition to its traditional products, Franklin Electric also offers innovative solutions for renewable energy and smart water management.
See Company Due Diligence:
2. The company was named after Benjamin Franklin, as he was a symbol of progress and innovation.
3. The original purpose of the company was to manufacture electric motors for the agricultural industry.
4. During World War II, the company shifted its focus to supporting the war effort by producing parts for military vehicles and aircrafts.
5. In the 1950s, Franklin Electric became one of the first motor manufacturers to introduce oil-filled motors, which were more durable and efficient than their predecessors.
6. In the 1960s, the company expanded its product line to include pumps, becoming one of the first to produce submersible pumps for residential and commercial use.
7. In the 1970s, Franklin Electric introduced the first submersible wastewater pump, which revolutionized the industry and remains a best-selling pump today.
8. Today, Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel.
9. The company has operations in North and South America, Europe, and Asia, and serves customers in more than 100 countries.
10. In addition to its traditional products, Franklin Electric also offers innovative solutions for renewable energy and smart water management.
See Company Due Diligence:
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