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 (NYSE: WTS) is set to participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, at 8:00 a.m. EDT. The company's CEO Robert J. Pagano, Jr., CFO Shashank Patel, and Treasurer Timothy M. MacPhee will be presenting. Watts Water, a global leader in plumbing, heating, and water quality solutions, serves various sectors, including commercial and residential markets. For further details, visit www.wattswater.com.
Watts Water Technologies (NYSE: WTS) announced participation in the KeyBanc Capital Markets’ Industrials & Basic Materials Virtual Conference on June 2, 2021, at 8:00 a.m. EDT. Key executives, including CEO Robert J. Pagano, Jr., CFO Shashank Patel, and Treasurer Timothy M. MacPhee, will represent the company. Watts Water is a global manufacturer based in the USA, recognized for a wide range of plumbing, heating, and water quality products across commercial, residential, and industrial sectors.
Watts Water Technologies reported a strong first quarter of 2021, with sales of $413.3 million, an 8% increase from $382.6 million in 2020. Net income rose by 30% to $41.7 million, with diluted earnings per share at $1.23, up 31% year-over-year. Key factors for growth included adverse weather in the South-Central U.S. and recovery in APMEA due to last year's COVID-19 impact. The company anticipates an improved full-year outlook, projecting a 2% to 7% increase in organic revenues and expansion in adjusted operating margins.
Watts Water Technologies has announced a quarterly dividend of $0.26 per share, payable on June 15, 2021, to stockholders of record by June 1, 2021. The company is recognized as a global manufacturer offering a wide range of plumbing, heating, and water quality products for various applications. This dividend decision reflects the company's ongoing commitment to delivering value to its shareholders.
Watts Water Technologies (NYSE: WTS) will host a live webcast on May 5, 2021, at 9:00 a.m. EDT to discuss its First Quarter 2021 financial results, which will be announced in a press release after market close on May 4, 2021. The call can be accessed via the Investor Relations section of its website, where an archived version will also be available until May 5, 2022. Watts Water is known for offering a wide range of plumbing, heating, and water quality solutions globally.
Watts Water Technologies (NYSE: WTS) has sponsored an integrated water system installation in Da Nhim Commune, Vietnam, to provide clean water access. This initiative, in partnership with Planet Water Foundation, includes an AquaTower water filtration system at a local school, benefiting over 600 students and their families. Since 2016, Watts and Planet Water have provided clean water to approximately 30,000 people across various countries. CEO Robert J. Pagano, Jr. emphasized the company's commitment to advocating for safe water access globally.
Watts Water Technologies (NYSE: WTS) announces a presentation by CEO Robert J. Pagano, CFO Shashank Patel, and VP Timothy M. MacPhee at the Gabelli Funds 31st Annual Pump, Valve & Water Systems Virtual Symposium on February 25, 2021, at 8:00 a.m. EST. The event will be broadcast via Wall Street Webcasting and will remain available for replay until May 26, 2021. Watts Water is a global manufacturer known for its extensive plumbing, heating, and water quality products for various applications.
Watts Water Technologies reported its fourth quarter and full-year results for 2020, during which sales reached $403 million for Q4 and $1.5 billion for the year. Despite a 6% drop in annual sales due to COVID-19, adjusted operating margin remained consistent with 2019 levels thanks to aggressive cost actions. Net income per diluted share was $0.86 for Q4 and $3.36 for the full year, both lower than 2019. Free cash flow improved by 14%, driven by better working capital management. The company shows resilience amid pandemic challenges, with expectations for continued adaptation in 2021.