Watts Water Technologies, Inc. reports developments tied to its global manufacturing business in plumbing, heating and water quality products and solutions for commercial, residential and industrial applications. Company news commonly covers quarterly results, organic and acquisition-driven sales, segment margin trends, pricing, productivity, inflation and tariff effects across the Americas, Europe and APMEA.
Recurring updates also include dividends on Class A and Class B common stock, completed acquisitions that expand product categories and geographic reach, and sustainability or workplace recognition tied to the company's operating practices and water-efficiency product focus.
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Watts Water Technologies, Inc. (NYSE: WTS) will host a live webcast to discuss its First Quarter 2023 results on Thursday, May 4, 2023, at 10:00 a.m. Eastern Standard Time. Financial results will be released after market close on Wednesday, May 3, 2023.
Investors can access the call via the Investor Relations section of the company’s website at www.watts.com. An archived version of the call will remain available until May 3, 2024. Watts Water Technologies is a leading manufacturer of plumbing, heating, and water quality products, serving commercial, residential, and industrial markets globally.
Watts Water Technologies, Inc. (NYSE: WTS) announced a virtual presentation at the Gabelli Funds 33rd Annual Pump, Valve & Water Systems Symposium on February 23, 2023, starting at 8:30 a.m. EST. The presentation will be led by CEO Robert J. Pagano, CFO Shashank Patel, and SVP Diane McClintock. It will be available via webcast at this link, with replays accessible until February 22, 2024. Watts Water Technologies is a global manufacturer providing an extensive range of plumbing, heating, and water quality products for various applications globally.
Watts Water Technologies (NYSE: WTS) reported Q4 2022 sales of $502 million, a 6% increase compared to Q4 2021, driven by strong organic growth in the Americas. The full-year sales reached $1.98 billion, up 9%. Q4 GAAP EPS surged 74% to $2.05, with full-year GAAP EPS at $7.48, marking a 53% increase. Operating cash flow for 2022 was $224 million, leading to a free cash flow of $201 million, both reflecting substantial increases. The company expressed awareness of potential market softness in 2023 and plans to adjust its cost structure accordingly while maintaining a robust balance sheet.
Watts Water Technologies, Inc. (NYSE: WTS) has announced a quarterly dividend of $0.30 per share, set for distribution on March 15, 2023. The payment will apply to all outstanding shares of Class A and Class B Common Stock, with eligibility determined by shareholders on record by the market close on March 1, 2023. As a global manufacturer, Watts Water Technologies provides comprehensive plumbing, heating, and water quality solutions across various applications, further affirming its commitment to shareholder returns.
Watts Water Technologies, Inc. (NYSE: WTS) will host a live webcast conference call to discuss its Fourth Quarter 2022 results on February 9, 2023, at 9:00 a.m. EST. The financial results will be published in a press release after market close on February 8, 2023. The call can be accessed via the Investor Relations section of their website, with an archived version available until February 9, 2024. Watts Water is a global manufacturer providing comprehensive plumbing, heating, and water quality product lines for various applications.
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Watts Water Technologies, Inc. (NYSE: WTS) announced participation in the NYSE Industrials Virtual Investor Access Day on November 15, 2022 at 12:00 PM Eastern. Key executives, including CEO Robert J. Pagano, Jr., CFO Shashank Patel, and SVP Diane McClintock, will represent the company. Watts Water is a global manufacturer based in the USA, providing a diverse range of plumbing, heating, and water quality products for various applications. For more details, visit www.wattswater.com.
Watts Water Technologies (WTS) reported Q3 2022 sales of $488 million, a 7% increase year-over-year, and a 12% rise in organic sales. GAAP operating margin improved to 16.5%, up 230 bps, while GAAP EPS reached $1.75, up 28%. The CEO highlighted a strong performance, particularly in the Americas, prompting an increase in the full-year outlook for organic revenue growth to 11%-12%. However, cash flow decreased to $86 million from $135 million in the prior year due to increased inventory costs. The company remains watchful of global economic conditions.