Welcome to our dedicated page for Watts Water Technologies news (Ticker: WTS), a resource for investors and traders seeking the latest updates and insights on Watts Water Technologies stock.
Watts Water Technologies, Inc. (NYSE: WTS) is a global manufacturer headquartered in the USA that focuses on plumbing, heating, and water quality products and solutions. Through its family of companies, Watts provides one of the broadest plumbing, heating, and water quality product lines in the world, serving commercial, residential, industrial, and institutional applications. This news page aggregates company announcements, earnings updates, and other material events relevant to WTS stock and stakeholders.
Investors following Watts Water Technologies news can expect regular earnings releases and outlook updates, as the company reports quarterly financial results and discusses regional performance in the Americas, Europe, and the Asia-Pacific, Middle East and Africa (APMEA) region. These releases often include commentary on sales trends, margins, cash flow, and capital allocation actions such as dividends and share repurchases, as disclosed in the company’s second and third quarter 2025 results.
Watts also issues news on acquisitions and strategic transactions. Recent announcements include the completed acquisitions of Superior Boiler, a designer and manufacturer of customized steam and hot water boilers and related equipment for commercial, institutional, and industrial applications, and Saudi Cast, a manufacturer of cast iron and stainless steel drainage solutions serving non-residential and industrial markets in the Middle East. The company has also reported the acquisition of Haws Corporation and the assets of EasyWater, which expand its capabilities in emergency safety, hydration, and water conditioning and filtration.
Additional news items cover governance, leadership, and culture, such as board appointments, executive changes, and recognition as a Top Place to Work in Massachusetts by The Boston Globe. For anyone tracking WTS, this page offers a centralized view of Watts Water Technologies’ press releases, from financial performance and dividends to M&A activity and corporate developments.
Watts Water Technologies reported Q2 2022 sales of $527 million, a 13% increase from the previous year, with organic sales rising 16%. The GAAP operating margin improved to 18.2%, up 690 bps, while GAAP EPS reached $2.07, marking an 86% increase. CEO Robert J. Pagano Jr. noted strong performance in the Americas, prompting an increased full-year outlook for organic revenue growth of 8% to 11%. Despite challenges like inflation and supply chain issues, operational metrics remain strong, reflecting the company's confidence in its business model.
Watts Water Technologies, Inc. (NYSE: WTS) has declared a quarterly dividend of $0.30 per share for both Class A and Class B Common Stocks. The dividend will be paid on September 15, 2022, to stockholders of record as of September 1, 2022. This reflects the company's commitment to delivering value to its shareholders, affirming its financial stability and operational success in the plumbing, heating, and water quality sectors, where it is recognized as a global leader.
Watts Water Technologies (NYSE: WTS) announced the appointment of Andre Dhawan as Chief Operating Officer, effective August 15, 2022. Dhawan transitions from Gilbarco Veeder-Root, where he served as President of the Americas. He replaces Munish Nanda, who is retiring after years of leadership. CEO Robert Pagano expressed confidence in Dhawan's ability to drive growth and operational excellence, noting his experience in successful product launches and market expansions. This leadership change aims to enhance the company's strategic direction and performance.
Watts Water Technologies, Inc. (NYSE: WTS) will conduct a live conference call to discuss its Second Quarter 2022 results on August 4, 2022, at 9:00 a.m. EDT. The financial results will be released post-market close on August 3, 2022.
Interested parties can access the call via the Investor Relations section of the company's website. A recorded version will remain available until August 4, 2023.
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Watts Water Technologies, Inc. (NYSE: WTS) announced participation in the Stifel 2022 Cross Sector Insight Conference. CEO Robert J. Pagano, Jr., CFO Shashank Patel, and SVP Diane McClintock will present on June 8, 2022, at 8:00 a.m. EDT in Boston, MA. Watts Water is a global manufacturer offering a wide range of plumbing, heating, and water quality products for diverse applications. For more details, visit www.watts.com.
Watts Water Technologies, Inc. (NYSE: WTS) announced participation in the KeyBanc Capital Markets’ Industrials & Basic Materials Conference on June 1, 2022, at 8:00 a.m. EDT in Boston, MA. Attendees will include CEO Robert J. Pagano, Jr., CFO Shashank Patel, and Senior VP Diane McClintock. As a global manufacturer, Watts Water is known for its extensive range of plumbing, heating, and water quality products for various applications. For more details, visit www.watts.com.
Watts Water Technologies, Inc. (NYSE: WTS) has joined the United Nations Global Compact (UNGC), a platform aimed at promoting responsible business practices. This participation emphasizes the company's commitment to the UNGC's Ten Principles concerning human rights, labor, environment, and anti-corruption. CEO Robert J. Pagano, Jr. stated that integrating these principles into the company's culture will enhance its sustainability strategy. Watts' Environmental, Social, and Governance (ESG) program has been recognized by Newsweek as one of America’s Most Responsible Companies for three consecutive years.
Watts Water Technologies (WTS) reported Q1 2022 sales of $463 million, marking a 12% increase year-over-year, with organic sales growth of 14%. GAAP operating margin improved to 15.4%, up 100 basis points, with GAAP EPS at $1.61, a 31% rise. CEO Robert J. Pagano Jr. noted significant growth across all regions despite ongoing supply chain challenges. The company raised its full-year adjusted operating margin outlook to between 20 to 60 basis points. However, uncertainties from the war in Ukraine may affect organic sales growth, projected at 3% to 8%.
Watts Water Technologies, Inc. (NYSE: WTS) has declared a quarterly dividend of $0.30 per share on its Class A and Class B Common Stock. This dividend is set to be paid on June 15, 2022 to stockholders of record as of June 1, 2022. The company is recognized globally for its extensive plumbing, heating, and water quality product lines, catering to commercial, residential, and industrial applications.