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Sep 25, 2022
Watts Q3 2022 Earnings Report
Reported record sales, operating margin, and EPS.
Key Takeaways
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.
Reported sales of $488 million increased 7%; increased 12% on an organic basis
GAAP operating margin of 16.5%, up 230 bps; adjusted operating margin of 16.8%, up 240 bps
GAAP EPS of $1.75, up 28%; adjusted EPS of $1.79, up 29%
Increased full-year 2022 outlook
Watts
Watts
Watts Revenue by Geographic Location
Forward Guidance
The company now expects organic revenue growth of 11% to 12% and adjusted operating margin expansion of 190 to 210 basis points, compared to last year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income