Tranche Update on Franklin Electric Co., Inc.'s Equity Buyback Plan announced on August 3, 2015.
August 03, 2021 at 04:06 pm EDT
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From April 1, 2021 to June 30, 2021, the company has repurchased 78,946 shares, representing 0.17% for $6.2 million. With this, the company has completed the repurchase of 2,159,558 shares, representing 4.61% for $84.62 million under the buyback announced on August 3, 2015.
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 Companyâs 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.
FRANKLIN ELECTRIC CO., INC. 
