Franklin Electric crushed Q2 estimates with an 8.2% EPS beat and raised full-year guidance as its Distribution business surged 11% on strong demand for dewatering and water treatment solutions.
Franklin Electric :
FELE
FELE
Stock Data
$109.85
$0.52 (0.48%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
SPECIALTY INDUSTRIAL MACHINERY
Franklin Electric Co. Inc is a global leader in the design, manufacture, and distribution of water and fuel pumping systems. With a focus on innovation, the company offers a wide range of products including submersible motors, electronic controls, water treatment systems, and components for fueling systems. Franklin Electric serves various markets such as residential, agricultural, municipal, and industrial sectors, providing solutions for clean water and wastewater management. Additionally, it supplies equipment for fueling systems and power reliability, catering to industries like energy, hydroelectric, and telecommunications. Founded in 1944 and based in Fort Wayne, Indiana, Franklin Electric prioritizes quality and reliability in its comprehensive product lineup.
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