Watts Water Technologies, Inc. - WTS STOCK NEWS

Watts Water Technologies (NYSE: WTS) announced that Chief Financial Officer Shashank Patel will retire on March 15, 2025, after serving since July 2018. Patel will remain in his position until a successor is appointed, with the company initiating a comprehensive search including both internal and external candidates. During Patel's tenure, the company achieved profitable growth, increased free cash flow, and executed a balanced capital deployment strategy. The transition plan aims to ensure continued value creation and smooth leadership succession.

Watts Water Technologies (NYSE: WTS) reported third quarter 2024 results with sales of $544 million, up 8% but down 4% organically. The company achieved reported EPS of $2.06, up 5%, while adjusted EPS was $2.03. Operating margin was 17.1%, down 20 basis points. Americas sales increased 14% to $400 million, Europe sales decreased 11% to $107 million, and APMEA sales grew 10% to $36 million. The company is raising its full-year 2024 operating margin outlook midpoint and expects reported sales growth of 9-10% with organic sales declining 1-2%. CFO Shashank Patel announced retirement effective March 15, 2025.

Watts Water Technologies (NYSE: WTS) has announced its participation in the 2024 Baird Global Industrial Conference. The company's leadership team, including CEO Robert J. Pagano, Jr., CFO Shashank Patel, COO Andre Dhawan, and SVP Diane McClintock, will present on Wednesday, November 13, 2024, at 8:30 AM Central Time at the Ritz-Carlton Chicago.

Watts Water Technologies is a global manufacturer of plumbing, heating, and water quality products, offering solutions for commercial, residential, and industrial applications.

Watts Water Technologies (NYSE: WTS) has declared a quarterly dividend of $0.43 per share on both its Class A and Class B Common Stock. The dividend will be paid on December 13, 2024, to stockholders of record as of November 29, 2024. The company is a global manufacturer based in the USA, specializing in plumbing, heating, and water quality products for commercial, residential, and industrial applications.

Watts Water Technologies, Inc. (NYSE: WTS) has announced its upcoming Third Quarter 2024 earnings release and conference call. The company will release its financial results after market close on Wednesday, October 30, 2024. A live webcast of the conference call to discuss these results will be held on Thursday, October 31, 2024, at 9:00 a.m. Eastern Standard Time.

Investors can access the webcast through the Investor Relations section of the company's website at www.watts.com. An archived version of the call will be available at the same address until October 30, 2025. Watts Water Technologies is a global manufacturer of plumbing, heating, and water quality products, offering innovative solutions for commercial, residential, and industrial applications.

Watts Water Technologies, Inc. (NYSE: WTS) has been recognized as one of America's Greenest Companies 2025 by Newsweek magazine, ranking among the Top 300 companies in the U.S. for environmental sustainability. The ranking is based on an evaluation of over 25 parameters, including greenhouse gas emissions, water usage, waste generation, and sustainability data disclosure.

CEO Robert J. Pagano, Jr. expressed pride in this recognition, highlighting Watts' 150-year history of providing technologies for water safety, energy efficiency, and water conservation. The company's commitment to environmental sustainability extends to its operations, customer innovations, and community water stewardship efforts.

Watts Water Technologies offers a wide range of plumbing, heating, and water quality products globally. For more information on their Environmental, Social, and Governance (ESG) initiatives, interested parties can refer to the company's 2023 Sustainability Report available on their website.

Watts Water Technologies, Inc. (NYSE: WTS) has announced its participation in the Stifel London Industrials Summit on Thursday, September 5, 2024 at 8:00 a.m. (BST). The event will take place at the Stifel London Office, 150 Cheapside, London EC2V 6ET, United Kingdom.

Key representatives from Watts Water Technologies attending the summit include:

• Shashank Patel, Chief Financial Officer
• Andre Dhawan, Chief Operating Officer
• Diane McClintock, Senior Vice President FP&A and Investor Relations

Watts Water Technologies is a global manufacturer headquartered in the USA, offering a wide range of plumbing, heating, and water quality products for commercial, residential, and industrial applications.

Watts Water Technologies, Inc. (NYSE: WTS) has announced its participation in the 2024 Seaport Research Partners Annual Summer Investor Virtual Conference. The event is scheduled for Wednesday, August 21, 2024, at 8:00 a.m. (Eastern Time). Key executives attending include:

• Robert J. Pagano, Jr., CEO & President
• Shashank Patel, CFO
• Diane McClintock, SVP of FP&A and Investor Relations

Watts Water Technologies is a global manufacturer based in the USA, offering a wide range of plumbing, heating, and water quality products for commercial, residential, and industrial applications. The company's participation in this virtual conference provides an opportunity for investors to gain insights into its operations and future strategies.

Watts Water Technologies (NYSE: WTS) reported record second quarter 2024 results with sales of $597 million, a 12% increase. Key highlights include:

- Reported operating margin of 18.7%, down 10 bps
- Adjusted operating margin of 18.8%, down 70 bps
- Reported EPS of $2.44, up 8%; adjusted EPS of $2.46, up 5%
- Organic sales were flat, with growth in Americas and APMEA offsetting weakness in Europe
- Acquisitions contributed $65 million in sales
- Amended and extended credit facility through July 2029

The company maintains its full-year 2024 outlook, expecting reported sales to increase 7% to 12% and organic sales to range from -4% to +1%. Adjusted operating margin is projected between 17.1% and 17.7%.