Newsweek Names Franklin Electric to List of America’s Most Trustworthy Companies 2023

13.04.2023
Franklin Electric has been named to Newsweek magazine’s list of America’s Most Trustworthy Companies 2023 – the Company’s second consecutive win. This national recognition is presented by Newsweek and Statista Inc., the statistics portal and industry ranking provider.
Newsweek Names Franklin Electric to List of America’s Most Trustworthy Companies 2023

(Image source: Franklin Electric Co., Inc.)

Newsweek selected and ranked America’s Most Trustworthy Companies based on three key performance pillars: customer trust, investor trust and employee trust. Compiling the data for these indicators included surveying 25,000 U.S. residents, completing 95,000 company evaluations and conducting a Social Listening analysis. This involved researching over 270,000 social media mentions and rating them as positive, neutral or negative. In the end, 700 companies were identified across 23 industries.

“At Franklin Electric, we take great pride in helping individuals and communities access and protect some of our most important natural resources,” said Gregg Sengstack, Chairperson of the Board and Chief Executive Officer. “Knowing that we have the trust and confidence of our employees, our customers and our shareholders is important in all that we do. It assures that we are keeping our promises and helping people move forward in their lives, in their careers and with their businesses.”

The company often conducts its own employee engagement surveys to assure its workforce is engaged and satisfied. During the most recent survey, conducted in 2021, employees overwhelmingly ranked themselves as “extremely satisfied” with their careers at Franklin Electric, praising the company’s commitment to training, safety and overall managerial support.

More articles on this topic

Franklin Electric Reports Fourth Quarter 2023 and Full Year 2023 Results

16.02.2024 -

Franklin Electric Co., Inc. announced its fourth quarter and full year financial results for fiscal year 2023. Fourth quarter 2023 net sales were $473.0 million, compared to fourth quarter 2022 net sales of $489.4 million. Fourth quarter 2023 operating income was $50.8 million, compared to fourth quarter 2022 operating income of $56.2 million. Fourth quarter 2023 EPS was $0.82, versus EPS in the fourth quarter 2022 of $0.84.

Read more