Watts Water Technologies, Inc.

273.15-2.33 (-0.85%)

Oct 29, 4:00:02 PM EDT · NYSE · WTS · USD

Upcoming Earnings

Report date

Nov 5, 2025 (in 6 days)

Key Stats

Market Cap

9.11B

P/E (TTM)

29.40

Basic EPS (TTM)

9.29

Dividend Yield

0.01%

Recent Filings

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

Watts Water Technologies posted solid Q2 results, with net sales climbing 7.8% year-over-year to $643.7 million, fueled by 9.8% organic growth in the Americas from higher volumes and pricing, though Europe dipped 7.6% on softer demand. Gross margin expanded to 50.6% from 47.7%, thanks to productivity gains and favorable pricing that outpaced inflation, lifting operating income 21.3% to $135.3 million despite $3.4 million in restructuring charges. Diluted EPS rose to $3.01 from $2.44, aligning with 33.5 million shares; year-to-date, EPS hit $5.22 on $174.9 million net income. Acquisitions like I-CON in January for $70.7 million (cash, recognizing $41.6 million goodwill and $20.9 million intangibles over 12 years) and EasyWater in June bolstered water solutions, while cash dipped to $369.3 million amid $85.7 million spent, offset by $124.9 million operating cash flow yielding $105.1 million free cash flow (derived). Long-term debt held steady at $197.3 million under the $800 million revolver, with $587.8 million available. Europe restructuring eyes $3.0 million annual savings by 2026. Yet regulatory shifts in water standards could squeeze margins if enforcement lags.

8-K

Record Q2 sales, margin gains

8/6/25Aug 6, 2025

Watts Water Technologies reported record Q2 2025 results, with sales hitting $644 million, up 8% reported and 6% organically, driven by strong Americas growth from price hikes and volume but offset by European weakness. Operating margin expanded to 21.0%, up 230 basis points, while adjusted EPS rose 26% to $3.09; the company acquired EasyWater assets on June 13 for water quality synergies, with integration underway. Sales beat expectations. Full-year outlook now sees 2-5% sales growth and 18.2-18.8% adjusted margins, though tariffs pose risks.

8-K

CFO appointment at Watts Water

7/14/25Jul 14, 2025

Watts Water Technologies appointed Ryan Lada as Chief Financial Officer effective July 28, 2025, replacing Shashank Patel who will transition out upon retirement. Lada, 38, brings extensive finance leadership from AZEK, Cantel Medical, and Medtronic. His package includes $525,000 base salary, 75% target bonus, and a $500,000 deferred stock award vesting over three years. This leadership shift bolsters financial oversight amid Patel's planned exit.

8-K

Annual meeting results approved

5/22/25May 22, 2025

Watts Water Technologies held its 2025 Annual Meeting on May 21, 2025, electing nine directors including Rebecca J. Boll and Joseph T. Noonan amid strong shareholder support. The advisory vote on executive compensation passed with 96.8% approval, while ratification of KPMG LLP as auditors garnered 97.8%. All proposals sailed through. This signals robust investor alignment on governance and oversight.

10-Q

Q1 FY2025 results

5/8/25May 8, 2025

Watts Water Technologies kicked off 2025 with net sales of $558.0M, down 2.3% y/y from $570.9M yet edging up 0.1% q/q (derived), as Americas held steady at $418.1M while Europe slipped 12.1% on fewer shipping days and destocking. Gross margin expanded to 48.8% from 46.9%, lifting operating income to $87.7M despite $17.3M in restructuring charges—mostly from a French facility shutdown eyeing $3.0M annual savings by 2026—while net income rose to $74.0M or $2.21 diluted EPS, up from $72.6M or $2.17, confirmed against 33.5M shares with no anti-dilution. The January I-CON buyout for $70.3M cash added $41.2M goodwill and $20.9M intangibles (12-year customer relationships), bolstering plumbing controls in correctional markets. Cash dipped to $336.8M after the deal, with $45.6M free cash flow (operating $55.2M minus $9.6M capex) and $586.8M revolver availability against $197.2M debt at 5.50% (4.07% hedged). Acquisitions keep expanding reach, but regulatory pressures like Superfund cleanups loom.

About

Watts Water Technologies, Inc., together with its subsidiaries, supplies systems, products and solutions that manage and conserve the flow of fluids and energy into, though, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, leak detection and protection products, commercial washroom solutions, and emergency safety products and equipment for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products comprising commercial boilers; water heaters and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless-steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, the company offers drainage and water re-use products, such as drainage products, engineered rainwater harvesting solutions for commercial, industrial, marine, and residential applications; connected roof drain systems; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial, marine, and residential applications. It sells its products to plumbing, heating, and mechanical wholesale distributors and dealers; original equipment manufacturers; specialty product distributors; and do-it-yourself and retail chains, as well as wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

CEO

Mr. Robert J. Pagano Jr., C.M.A., CPA

IPO

8/21/1986

Website

https://www.watts.com

Employees

4,800

Sector

Industrials

Industry

Specialty Industrial Machinery