Franklin Electric Co., Inc. is a global manufacturer and distributor of systems and components designed for the movement and management of water and energy. The company's business model centers on providing essential fluid-transfer infrastructure, generating revenue through the sale of hardware and replacement parts to distributors, contractors, original equipment manufacturers, and utility companies.
Franklin Electric operates through three primary segments: Water Systems, Energy Systems, and Distribution. The Water Systems segment, which accounts for the majority of the company's revenue (approximately 60%), offers submersible motors, pumps, water treatment systems, and electronic controls used in groundwater, water transfer, and wastewater applications. The Energy Systems segment produces pumps, pipes, fittings, and monitoring devices for fueling systems and power reliability applications. The Distribution segment provides presale support and sells products directly to installing contractors and specialty distributors.
Geographically, the company maintains a significant global footprint with manufacturing facilities and operations across the United States, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Franklin Electric's competitive position is supported by its extensive network of distributors and its focus on both new installations and the recurring need for repair and replacement of critical fluid-transfer components. By sitting in the middle of essential fluid-transfer systems, the company ensures steady demand for its products, which are critical to keeping wells, irrigation systems, and fuel systems operational.
