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Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Energy Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
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Franklin Electric to Participate in Upcoming Investor ConferencesFranklin Electric Co., Inc. announced that CEO Joe Ruzynski and CFO Jennifer Wolfenbarger will participate in three upcoming investor conferences in November and December 2026, including the Northcoast Research Fall Management Forum, Baird 2026 Global Industrial Conference, and Oppenheimer Winter Industrial Summit.
GlobeNewswire Inc.
Franklin Electric Enters Into Agreement to Acquire Challenge Pumps, Strengthening Global Mineral Extraction Dewatering PlatformFranklin Electric announced a definitive agreement to acquire Challenge Pumps Holdings Pty Ltd for approximately US$181 million in cash, plus up to US$14 million in contingent consideration. Challenge Pumps, a leading underground mine dewatering solutions provider based in Perth, Australia, generated US$52 million in FY2026 revenue with 35% EBITDA margins. The acquisition is expected to close in 2026 and be accretive to Adjusted EPS by 2027, adding recurring aftermarket revenue and expanding Franklin Electric's mineral extraction capabilities.
GlobeNewswire Inc.
Franklin Electric Declares Quarterly Dividend of $0.28 Per ShareFranklin Electric Co., Inc. (NASDAQ: FELE) announced a quarterly cash dividend of $0.28 per share payable November 19, 2026. The company also appointed Luciana Amaro as Chief Human Resources Officer. Franklin Electric is a global leader in water and energy systems, recognized for sustainability and corporate responsibility.
GlobeNewswire Inc.
Global Solar Pumps Market Size, Trends, and Competitive Landscape Forecast, 2026-2033 | Smart Irrigation and Subsidies Propel Growth to $3.4 BillionThe global solar pumps market is expected to grow at a CAGR of 4.40% from $2.5 billion in 2026 to $3.4 billion by 2033, driven by sustainable agriculture demand, government subsidies, declining photovoltaic costs, and increasing adoption across agriculture, water treatment, and industrial applications. Key growth factors include environmental regulations, renewable energy targets, and off-grid energy solutions in remote areas.
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