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Jun 26, 2022
Watts Q2 2022 Earnings Report
Reported record results, with sales and operating margin higher than anticipated, driven by strong execution in the Americas.
Key Takeaways
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.
Reported sales of $527 million increased 13%; organic sales increased 16%
GAAP operating margin of 18.2%, up 690 bps; adjusted operating margin of 18.5%, up 360 bps
GAAP EPS of $2.07, up 86% and adjusted EPS of $2.11, up 43%
Increased adjusted full-year 2022 outlook
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company now expects organic revenue growth of 8% to 11% and adjusted operating margin expansion of 110 to 160 basis points, compared to last year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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