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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, Inc. (NYSE: WTS) will host a live webcast to discuss its First Quarter 2023 results on Thursday, May 4, 2023, at 10:00 a.m. Eastern Standard Time. Financial results will be released after market close on Wednesday, May 3, 2023.
Investors can access the call via the Investor Relations section of the company’s website at www.watts.com. An archived version of the call will remain available until May 3, 2024. Watts Water Technologies is a leading manufacturer of plumbing, heating, and water quality products, serving commercial, residential, and industrial markets globally.
Watts Water Technologies, Inc. (NYSE: WTS) announced a virtual presentation at the Gabelli Funds 33rd Annual Pump, Valve & Water Systems Symposium on February 23, 2023, starting at 8:30 a.m. EST. The presentation will be led by CEO Robert J. Pagano, CFO Shashank Patel, and SVP Diane McClintock. It will be available via webcast at this link, with replays accessible until February 22, 2024. Watts Water Technologies is a global manufacturer providing an extensive range of plumbing, heating, and water quality products for various applications globally.
Watts Water Technologies (NYSE: WTS) reported Q4 2022 sales of $502 million, a 6% increase compared to Q4 2021, driven by strong organic growth in the Americas. The full-year sales reached $1.98 billion, up 9%. Q4 GAAP EPS surged 74% to $2.05, with full-year GAAP EPS at $7.48, marking a 53% increase. Operating cash flow for 2022 was $224 million, leading to a free cash flow of $201 million, both reflecting substantial increases. The company expressed awareness of potential market softness in 2023 and plans to adjust its cost structure accordingly while maintaining a robust balance sheet.
Watts Water Technologies, Inc. (NYSE: WTS) has announced a quarterly dividend of $0.30 per share, set for distribution on March 15, 2023. The payment will apply to all outstanding shares of Class A and Class B Common Stock, with eligibility determined by shareholders on record by the market close on March 1, 2023. As a global manufacturer, Watts Water Technologies provides comprehensive plumbing, heating, and water quality solutions across various applications, further affirming its commitment to shareholder returns.
Watts Water Technologies, Inc. (NYSE: WTS) will host a live webcast conference call to discuss its Fourth Quarter 2022 results on February 9, 2023, at 9:00 a.m. EST. The financial results will be published in a press release after market close on February 8, 2023. The call can be accessed via the Investor Relations section of their website, with an archived version available until February 9, 2024. Watts Water is a global manufacturer providing comprehensive plumbing, heating, and water quality product lines for various applications.
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