Franklin Electric Co Inc (OQ:FELE)

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 9255 Coverdale Road
FORT WAYNE IN 46809
Tel: N/A
Website: https://franklin-electric.com
IR: See website
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Key People
Gregg C. Sengstack
Chairman of the Board, Chief Executive Officer 		Jeffery L. Taylor
Chief Financial Officer, Vice President 		Jonathan M. Grandon
Chief Administrative Officer, Vice President, General Counsel, Corporate Secretary
DeLancey W. Davis
Vice President and President - Headwater Companies 		Kenneth Keene
Vice President - Global Supply 		Greg M. Levine
Vice President and President - Global Water
Brent L. Spikes
Vice President - Global Manufacturing 		Jay J. Walsh
Vice President and President - Fueling Systems 		 
Business Overview
Franklin Electric Co., Inc. 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 to the residential, agricultural and other industrial end markets. The Company's segments include Water Systems, Fueling Systems, and Distribution. Water Systems produces and markets water pumping systems and is a technical service for submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices. The Fueling Systems segment designs, manufactures and sells pumps, motors, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment primarily for use in fueling system applications. The Distribution segment operates as a collection of wholly owned groundwater distributors known as the Headwater Companies.
Financial Overview
For the fiscal year ended 31 December 2023, Franklin Electric Co Inc revenues increased 1% to $2.07B. Net income applicable to common stockholders increased 3% to $192.6M. Revenues reflect Water Systems segment increase of 4% to $1.2B, Distribution segment increase of 1% to $673.3M, United States segment increase of 2% to $1.44B. Net income benefited from Water Systems segment income increase of 14% to $196.6M, Other segment loss decrease of 8% to $61.2M.
Employees: 6,400 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,757M as of Dec 31, 2023
Annual revenue (TTM): $2,065M as of Dec 31, 2023
EBITDA (TTM): $315.79M as of Dec 31, 2023
Net annual income (TTM): $192.57M as of Dec 31, 2023
Free cash flow (TTM): $232.57M as of Dec 31, 2023
Net Debt Last Fiscal Year: $15.45M as of Dec 31, 2023
Shares outstanding: 46,101,223 as of Mar 4, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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