Franklin Electric Co Inc - Company Profile
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Business Description
Franklin Electric Co Inc (Franklin Electric) provides systems and components for moving water and fuel. It offers pumps, motors, drives, and controls for use in residential, commercial, agricultural, industrial, and municipal applications.
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R&D Overview
Franklin Electric Co conducts R&D to develop new products and services and improve existing products. For water systems, the company has developed electronic variable frequency drives and controls for pump and HVAC applications, including the development of SubDrive Connect and Cerus X-Drive to include support for HES (High-Efficiency Systems) motors. It also focuses on component improvement and IoT-enabled sensing systems. It has developed and launched a new Celltron Advantage Digital battery handheld tester and a new Desiccant Sensor for monitoring desiccant bags in corrosive environments. In FY2022, Franklin Electric spent US$16.7 million on R&D, which as a percentage of revenue, stood at 0.8% and decreased 3.5%.
Business Segments
Overview
Operates as a collection of wholly-owned leading groundwater distributors known as the Headwater companies. Delivers products and leading brands to the industry. Sells and provides pre-sales support and specifications to the installing contractors. Operates within the US professional groundwater market. In FY2022, the segment’s capital expenditure was US$13.4 million, which grew 106.2% YoY.
Performance
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Overview
Offers pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment essentially for use in submersible fueling system applications. Manufactures fuel pumping systems, fuel containment systems, and monitoring and control systems. Fueling systems offers an array of components between the tank and the dispenser, including submersible pumps, sumps, station hardware, piping, vapor recovery, and electronic controls. Serves energy, power utility, hydroelectric, and industrial markets. Operates manufacturing facilities in the US, Brazil, China, and Mexico. In FY2022, the segment’s capital expenditure stood at US$2.7 million which decreased 10% YoY.
Performance
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Overview
Offers motors, pumps, electronic controls, monitoring devices, drives and related parts and equipment mainly for use in groundwater, wastewater, and fuel transfer applications. Manufactures electronic drives and controls for the motors which control functionality and provide protection from various hazards, such as over-heating, electrical surges, and dry wells or dry tanks. Operates manufacturing facilities in the US, Brazil, Mexico, China, Italy, Czech Republic, South Africa and Turkey. In FY2022, the segment’s capital expenditure stood at US$23.4 million, which grew 20.6% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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