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Watts Water Technologies, Inc. Class A (symbol: WTS) is a leading U.S.-based company that specializes in providing products and solutions promoting safety, energy efficiency, and water conservation. With a family of companies under its wing, Watts Water Technologies has a legacy of designing and manufacturing valves and related products that enhance comfort and safety while maintaining high standards of water quality, conservation, and control. These products serve a broad range of applications, from commercial and residential to industrial and municipal sectors.
The company's diverse product portfolio includes:
- Residential and Commercial Flow Control Products: These are essential for plumbing and hot water applications.
- HVAC and Gas Products: This category features commercial boilers, water heaters, heating solutions, and comprehensive heating systems.
- Drainage and Water Reuse Products: Watts offers innovative drainage products and engineered rainwater-harvesting solutions to promote sustainable water usage.
- Water Quality Products: These products ensure clean water through point-of-use and point-of-entry filtration, conditioning, and scale prevention systems.
Watts Water Technologies generates the majority of its revenue from markets in the Americas, with significant contributions from Europe, the Middle East, and Africa. The company's commitment to innovation and quality has established it as a key player in the water technologies sector.
Recent achievements and current projects include the development of advanced water conservation technologies, strategic partnerships to expand market reach, and ongoing efforts to enhance product efficiency and environmental sustainability. The company is continually exploring new ways to improve the quality and efficiency of water use worldwide.
Watts Water Technologies remains financially robust, consistently delivering strong revenue and profit margins. Its strategic initiatives and solid market performance make it a significant entity for investors seeking stability and growth in the water technology and safety solutions industry.
Watts Water Technologies (NYSE: WTS) has been recognized as one of the Top Places to Work in Massachusetts by The Boston Globe for the second consecutive year. The recognition is based on employee surveys conducted by Energage, covering nearly 68,000 employees across 323 Massachusetts organizations. The survey evaluated various aspects including company direction, execution, management, work environment, compensation, and employee engagement.
Employees from Watts' Andover and North Andover locations participated in the survey. The company, a global manufacturer of plumbing, heating, and water quality products, attributes this recognition to its focus on providing meaningful employee experiences, career development opportunities, competitive benefits, and fostering an inclusive culture.
Watts Water Technologies (NYSE: WTS) has been named one of America's Most Responsible Companies 2025 by Newsweek magazine for the sixth consecutive year, earning the designation of 'All Time Champion.' The company ranked among the Top 600 most responsible companies from 2,000 of the largest U.S. firms across 14 industries.
The selection process involved analyzing key performance indicators from corporate social responsibility and sustainability reports, along with an independent survey of over 26,000 U.S. residents. CEO Robert J. Pagano, Jr. highlighted the company's 150-year legacy in water technologies and their commitment to reducing environmental impacts, supporting customers with innovations, and protecting communities through water stewardship efforts.
Watts Water Technologies (NYSE: WTS) has announced its participation in the upcoming NYSE Industrials Virtual Conference. The company will be represented by CEO & President Robert J. Pagano, Jr., CFO Shashank Patel, and SVP FP&A and Investor Relations Diane McClintock. The presentation is scheduled for Tuesday, November 19, 2024, at 10:00 AM Eastern Time.
Watts Water Technologies is a global manufacturer based in the USA, specializing in plumbing, heating, and water quality products. The company offers innovative solutions for controlling water efficiency, safety, and quality across commercial, residential, and industrial applications.
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.
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