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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) 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 The call can be accessed via the Investor Relations section of its website, where an archived version will also be available until May 5, 2022.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.
Watts Water Technologies (NYSE: WTS) announced a quarterly dividend of $0.23 per share for its Class A and Class B Common Stock. This dividend will be distributed on March 15, 2021, to shareholders on record as of March 1, 2021. Watts operates globally, offering a comprehensive range of plumbing, heating, and water quality products for various applications. Their commitment to innovative solutions underlines their market position in the industry.
Watts Water Technologies, Inc. (NYSE: WTS) will host a live webcast for its Fourth Quarter 2020 financial results on February 11, 2021, at 9:00 a.m. EST. The results will be announced in a press release after market close on February 10, 2021. The conference call can be accessed through the Investor Relations section of the company's website, where an archived version will also be available until February 11, 2022. Watts Water is a global manufacturer providing a broad range of plumbing, heating, and water quality products.
Watts Water Technologies, Inc. (NYSE: WTS) has elected Michael J. Dubose to its Board of Directors, where he will also serve on the Nominating and Corporate Governance Committee. Dubose has extensive experience in the healthcare sector, having been the President of Fisher Healthcare Division at Thermo Fisher Scientific since 2019. His previous roles include Vice President at W.W. Grainger and Regional Vice President at Staples. Chairman W. Craig Kissel believes Dubose's expertise will enhance operational excellence and solution sales for Watts.
Watts Water Technologies (NYSE: WTS) reported third quarter 2020 results, revealing a 3% decline in sales compared to the previous year. Despite the volume reductions driven by COVID-19, the company achieved a 2% increase in net income to $32.9 million and a 3% rise in diluted earnings per share to $0.97. Aggressive cost reduction efforts offset the impact of the pandemic, contributing to improved operating margins. The company generated $95 million in free cash flow year-to-date, enhancing its financial stability.
Watts Water Technologies (NYSE: WTS) announced a quarterly dividend of $0.23 per share for its Class A and Class B Common Stock. This dividend will be paid on December 15, 2020, to shareholders of record as of December 1, 2020. Watts Water is a leading global manufacturer providing a wide range of plumbing, heating, and water quality solutions for various applications.
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