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 reported third quarter 2021 sales of $455 million, an 18% increase year-over-year. Operating margin improved to 14.2%, and EPS rose 41% to $1.37. The company generated $135 million in operating cash flow, a 6% increase. Despite ongoing supply chain challenges, regional growth was notable, with Americas sales up 18% and APMEA sales up 39%. Watts raised its full-year 2021 sales outlook to a growth of 14% to 17%. CEO Robert J. Pagano Jr. highlighted the team's focus on customer needs amidst market disruptions.
Watts Water Technologies, Inc. (NYSE: WTS) announced that CEO Robert J. Pagano, CFO Shashank Patel, and Treasurer Timothy M. MacPhee will present at the 2021 Baird Global Industrial Virtual Conference on November 10, 2021, at 12:15 PM EST. The presentation will be available via webcast, with replays accessible until November 10, 2022. Watts Water is a global manufacturer providing a wide range of plumbing, heating, and water quality products for commercial, residential, and industrial applications.
Watts Water Technologies, Inc. (NYSE: WTS) has declared a quarterly dividend of $0.26 per share, applicable to both Class A and Class B Common Stock. This dividend will be paid on December 15, 2021 to shareholders recorded by the close of business on December 1, 2021. Watts Water Technologies is a global manufacturer of plumbing, heating, and water quality products, serving commercial, residential, and industrial markets.
Watts Water Technologies, Inc. (NYSE: WTS) is set to hold a live webcast conference call on November 4, 2021, at 9:00 a.m. EDT, to discuss its third-quarter results. The financial results will be released after market close on November 3, 2021. This global manufacturer is noted for its extensive plumbing, heating, and water quality product offerings. Investors can access the call via the Investor Relations section of its website and will also be able to view an archived version of the call for one year following the event.
Watts Water Technologies, Inc. (NYSE: WTS) has appointed Monica Barry as the new Chief Human Resources Officer. Barry brings extensive experience from her previous roles at Colfax Corporation and Johnson Matthey, where she focused on talent management and organizational development. She succeeds Kenneth R. Lepage, who will remain as General Counsel and has also been named Chief Sustainability Officer. CEO Robert J. Pagano expressed confidence in Barry's leadership abilities, emphasizing her expertise in strategic initiatives, diversity, and inclusion.
Watts Water Technologies, a global leader in plumbing, heating, and water quality products, will participate in the Seaport Research Partners Annual Virtual Summer Investor Conference. Scheduled for August 24, 2021, at 8:00 a.m. Eastern Time, key executives including CEO Robert J. Pagano, Jr., CFO Shashank Patel, and Treasurer Timothy M. MacPhee will represent the company. As a manufacturer with a diverse product line serving commercial, residential, and industrial markets, Watts Water continues to innovate in its field.
Watts Water Technologies, Inc. (NYSE: WTS) reported record second quarter results for 2021, with sales reaching $467 million, up 38% year-over-year. Net income increased to $37.5 million, marking an 86% rise, while diluted net income per share was $1.11. Adjusted earnings per share doubled to $1.48. The company credits robust market demand and the lingering effects of February's freezing weather in the South-Central U.S. for these gains. The firm anticipates full-year organic revenue growth of 10-14% and adjusted operating margin expansion of 100-150 basis points, showing optimism despite ongoing market uncertainties.
Watts Water Technologies (NYSE: WTS) has announced a quarterly dividend of $0.26 per share for its Class A and Class B Common Stock. The dividend payment is scheduled for September 15, 2021, to stockholders on record by the close of business on September 1, 2021. As a leading global manufacturer, Watts provides a comprehensive range of plumbing, heating, and water quality solutions for various applications.
Watts Water Technologies (NYSE: WTS) will host a conference call on August 5, 2021, at 9:00 a.m. ET to discuss its Second Quarter 2021 results. The financial results will be released after market close on August 4, 2021. Investors can access the live webcast on its Investor Relations website, with an archived version available for one year. Watts Water operates globally, offering a broad range of plumbing, heating, and water quality products for various applications.