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Dec 31, 2024
Watts Q4 2024 Earnings Report
Key Takeaways
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
Watts
Watts Revenue by Segment
Watts Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAPMEA Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAPMEA Revenue
CapyFin.com Forward Guidance
Watts Water Technologies expects full-year 2025 sales growth between -3% and 2%, with an adjusted operating margin ranging from 17.7% to 18.3%. The company remains focused on cost efficiency and strategic investments to navigate economic uncertainties.
Positive Outlook
- Strong balance sheet supports strategic investments and capital returns.
- Adjusted operating margin expected to remain stable or increase by 60 basis points.
- Acquisition of I-CON Systems expands digital and institutional market presence.
- Continued focus on new product development to drive growth.
- Productivity improvements helping offset inflationary pressures.
Challenges Ahead
- Geopolitical uncertainty poses risks to global demand.
- Declining organic sales in key regions such as Americas and Europe.
- Fewer shipping days impacted revenue in Q4 and could affect future results.
- Inflationary pressures continue to challenge margin expansion.
- Uncertain macroeconomic conditions affecting industrial and construction sectors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income