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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, 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.
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.
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