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

Newsweek 2023 ImageFort Wayne, IN - March 30, 2023 - Franklin Electric Co., Inc. (NASDAQ: FELE) 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 world-leading statistics portal and industry ranking provider.

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.

 

Newsweek announced the winners on March 29. The complete list can be viewed on the publication’s website.

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"Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.