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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) 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.
Watts Water Technologies, Inc. (NYSE: WTS) announced participation in the NYSE Industrials Virtual Investor Access Day on November 15, 2022 at 12:00 PM Eastern. Key executives, including CEO Robert J. Pagano, Jr., CFO Shashank Patel, and SVP Diane McClintock, will represent the company. Watts Water is a global manufacturer based in the USA, providing a diverse range of plumbing, heating, and water quality products for various applications. For more details, visit www.wattswater.com.
Watts Water Technologies (WTS) reported Q3 2022 sales of $488 million, a 7% increase year-over-year, and a 12% rise in organic sales. GAAP operating margin improved to 16.5%, up 230 bps, while GAAP EPS reached $1.75, up 28%. The CEO highlighted a strong performance, particularly in the Americas, prompting an increase in the full-year outlook for organic revenue growth to 11%-12%. However, cash flow decreased to $86 million from $135 million in the prior year due to increased inventory costs. The company remains watchful of global economic conditions.
Watts Water Technologies, Inc. (NYSE: WTS) announced a quarterly dividend of $0.30 per share, payable on December 15, 2022, to stockholders of record on December 1, 2022. As a global manufacturer, Watts Water offers one of the most extensive plumbing, heating, and water quality product lines worldwide, catering to commercial, residential, and industrial markets. This dividend underscores the company’s commitment to returning value to shareholders while maintaining robust operations in the plumbing and heating solutions sector.
Watts Water Technologies, Inc. (NYSE: WTS) will present at the 2022 Baird Global Industrial Conference on November 9, 2022, at 7:55 AM Central Time. The presentation will feature CEO Robert J. Pagano, CFO Shashank Patel, and SVP Diane McClintock. The event will take place at the Ritz-Carlton Chicago, located at Water Tower Place, 160 East Pearson Street, Chicago, Illinois. Watts Water, a global manufacturer based in the USA, specializes in plumbing, heating, and water quality solutions for various applications.
Watts Water Technologies, Inc. (NYSE: WTS) will hold a live webcast on November 3, 2022, at 9:00 a.m. EDT, to discuss its Third Quarter 2022 financial results. The results will be released after market close on November 2, 2022. Investors can access the webcast via the Investor Relations section of the company’s website. An archived version will be available until November 3, 2023.
Watts Water Technologies has achieved verification under The Water Council's WAVE: Water Stewardship Verified program. This accomplishment reflects the company's commitment to assessing and managing water-related risks and impacts. Key actions taken include prioritizing high-risk sites, improving water metering, and enhancing community engagement. The CEO, Robert J. Pagano, emphasized the importance of understanding water as a shared resource and the need for broader impacts beyond their operational footprint. This update aligns with Watts' goal of advancing water stewardship globally.
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