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Description of the Business Franklin Electric Co., Inc. ( Franklin Electric or the Company ) is an Indiana corporation founded in 1944 and incorporated in 1946. Named after America s pioneer electrical engineer, Benjamin Franklin, Franklin Electric manufactured the first water-lubricated submersible motor for water systems and the first submersible motor for fueling systems.
12.62% operating margin is respectable but not wide. ROIC at 14.80%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 5.4%, steady but not accelerating. Free cash flow declined 12% despite revenue growth, conversion is weakening.
Free cash flow declined 12% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$2.18B
▲ +5.4% YoY
Net Income (TTM)
$150M
▼ -18.4% YoY
Op. Margin
12.54%
▲ +0.6pp YoY
ROIC
14.19%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$169M
▼ -11.9% YoY
Op. Cash Flow (TTM)
$217M
▼ -8.6% YoY
Net Debt
$210M
Cash & Equiv.
$80M
5Y CAGR: +11.3%
5Y CAGR: +0.5%
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