Watts Q4 2021 Earnings Report
Key Takeaways
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.
Q4 sales increased by 18% on a reported and organic basis, reaching $474 million.
GAAP EPS for Q4 was $1.18, a 37% increase, and adjusted EPS was $1.42, a 23% increase.
All three regions delivered record results for the quarter and the full year.
The company successfully addressed employee safety, customer engagement, product development, and productivity goals while achieving record sales and earnings per share.
Watts
Watts
Watts Revenue by Geographic Location
Forward Guidance
The company is confident in its prospects for delivering revenue and EPS growth in 2022, with its long-term strategy remaining intact.
Revenue & Expenses
Visualization of income flow from segment revenue to net income