Franklin Electric designs, manufactures and distributes water and fuel pumping systems globally, serving residential, agricultural, municipal, industrial and energy infrastructure markets through its core Water Systems and Energy Systems segments. The company produces submersible motors, pumps, electronic controls, water treatment systems and related equipment sold through employee sales forces and independent representatives to specialty distributors, original equipment manufacturers and major oil and utility companies, with no single customer accounting for more than a small portion of total sales. The company generates revenue through direct product sales with standard trade terms and complements its offerings with research and development focused on advanced pumping technologies, electronic controls and system enhancements.