Watts Earnings Reports

Watts Water Technologies reported Q4 2024 revenue of $540.4 million, a decrease of 1% year-over-year, with organic sales declining by 5%. Adjusted EPS was $2.05, reflecting a 4% increase. Operating margin improved to 16.5%, up 210 basis points. The company completed the acquisition of I-CON Systems, strengthening its digital offerings.

Watts Water Technologies reported an 8% increase in sales to $544 million, although organic sales declined by 4%. The company is raising the midpoint of its full-year 2024 operating margin outlook. EPS increased to $2.06, up 5% from the prior year.

Watts Water Technologies reported a 12% increase in sales to $597 million, with flat organic sales growth. EPS increased by 8% to $2.44, and adjusted EPS rose by 5% to $2.46. The company is maintaining its full-year 2024 outlook.

Watts Water Technologies reported record first quarter results with sales of $571 million, a 21% increase from the previous year. Organic sales increased by 6%. Reported EPS was $2.17, up 12%, and adjusted EPS was $2.33, up 21%. The company is increasing its full-year 2024 outlook.

Watts Water Technologies reported record fourth-quarter and full-year results for 2023. Sales increased by 9% to $548 million, and adjusted EPS rose by 23% to $1.97. The company completed the acquisitions of Bradley Corporation and Josam Company, expanding its market presence. While monitoring weakening global economic indicators, Watts is taking actions to adjust its cost structure and remains confident in navigating the dynamic operating environment.

Watts Water Technologies reported a 3% increase in sales to $504 million, with flat organic sales. EPS increased by 12% to $1.96, and adjusted EPS rose by 14% to $2.04. The company also increased its full-year 2023 operating margin outlook and completed the acquisition of Bradley Corporation.

Watts Water Technologies reported a 1% increase in sales to $533 million, with organic sales flat. EPS increased by 9% to $2.26, and adjusted EPS increased by 11% to $2.34. The company is increasing its full-year 2023 outlook.

Watts Water Technologies reported a record first quarter in 2023, with sales of $472 million, a 2% increase. Organic sales increased by 4%. The company reported EPS of $1.93, up 20%, and adjusted EPS of $1.92, up 18%.

Watts Water Technologies reported a 6% increase in Q4 sales to $502 million, with an 11% organic growth. GAAP EPS increased by 74% to $2.05, and adjusted EPS increased by 13% to $1.60. The company's performance was driven by double-digit organic growth in the Americas and benefits from price realization and productivity.

Watts Water Technologies reported a record third quarter with sales of $488 million, a 7% increase, and a 12% increase on an organic basis. GAAP EPS was $1.75, up 28%, and adjusted EPS was $1.79, up 29%. The company also increased its full-year 2022 outlook.

Watts Water Technologies reported a record second quarter in 2022. Sales increased by 13% to $527 million, with organic sales up 16%. GAAP EPS was $2.07, up 86%, and adjusted EPS was $2.11, up 43%. Given the strong first half, the company is increasing its full-year 2022 outlook.

Watts Water Technologies reported a strong first quarter in 2022, with sales of $463 million, a 12% increase, and organic sales increased by 14%. GAAP EPS was $1.61 and adjusted EPS was $1.63, both up 31%. The company is increasing its full year 2022 outlook for adjusted operating margin expansion to 20 to 60 basis points.

Watts Water Technologies reported record fourth-quarter and full-year 2021 results. Q4 sales reached $474 million, up 18% on a reported and organic basis, with a GAAP EPS of $1.18, up 37%, and an adjusted EPS of $1.42, up 23%. The company's performance was driven by strong organic growth across all regions, despite facing ongoing challenges from the pandemic, including supply chain disruptions and inflationary pressures.

Watts Water Technologies reported a record third quarter with sales of $455 million, up 18% and 17% on an organic basis. GAAP EPS was $1.37 and adjusted EPS was $1.39, representing increases of 41% and 32%, respectively. The company is increasing its full year 2021 sales outlook and maintaining its previous expectations for adjusted operating margin expansion.

Watts Water Technologies reported a record second quarter in 2021, with sales of $467 million, up 38% compared to Q2 2020. GAAP EPS was $1.11, up 88%, and adjusted EPS was $1.48, up 100%. The company is raising its adjusted full year 2021 outlook due to accelerating demand.

Watts Water Technologies reported strong Q1 2021 results, with sales increasing by 8% to $413 million and organic sales up by 4%. GAAP EPS and adjusted EPS both increased by 31% to $1.23 and $1.24, respectively. The company is increasing its full year outlook for 2021.

Watts Water Technologies reported a 1% increase in sales to $403 million, with a 2% decline in organic sales. GAAP EPS was $0.86, down 8%, while adjusted EPS was $1.15, up 15%. The company's performance was driven by better than anticipated sales in the Americas and Europe, along with continued cost action savings.

Watts Water Technologies reported a 3% decrease in sales to $384 million, a 5% decrease on an organic basis. GAAP EPS increased 3% to $0.97, and adjusted EPS increased 1% to $1.05. The company generated $127 million in operating cash flow and $95 million in free cash flow year-to-date.

Watts Water Technologies reported a 19% decrease in sales, both on a reported and organic basis, amounting to $339 million. GAAP EPS was $0.59, a 44% decline, while adjusted EPS was $0.74, a 32% decrease. Net income also fell by 45% to $20.2 million. The company acquired Australian Valve Group Pty Ltd (AVG) in an all-cash transaction on July 3, 2020.

Watts Water Technologies reported a 2% decrease in sales and a 1% organic sales decrease due to the COVID-19 pandemic. Despite these challenges, the company's GAAP EPS increased by 3% and adjusted EPS increased by 1%. They are withdrawing 2020 full year outlook due to COVID-19 uncertainty.

Watts Water Technologies reported a solid finish to 2019, with fourth-quarter sales increasing by 3% to $400 million and organic growth of 4%. GAAP EPS was $0.93, while adjusted EPS reached $1.00, a 14% increase. The company leveraged sales growth and productivity to achieve higher operating income and record operating margin and earnings per share on an adjusted basis.