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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 conduct a live conference call to discuss its Second Quarter 2022 results on August 4, 2022, at 9:00 a.m. EDT. The financial results will be released post-market close on August 3, 2022.
Interested parties can access the call via the Investor Relations section of the company's website. A recorded version will remain available until August 4, 2023.
Watts Water Technologies, Inc. (NYSE: WTS) announced participation in the Stifel 2022 Cross Sector Insight Conference. CEO Robert J. Pagano, Jr., CFO Shashank Patel, and SVP Diane McClintock will present on June 8, 2022, at 8:00 a.m. EDT in Boston, MA. Watts Water is a global manufacturer offering a wide range of plumbing, heating, and water quality products for diverse applications. For more details, visit www.watts.com.
Watts Water Technologies, Inc. (NYSE: WTS) announced participation in the KeyBanc Capital Markets’ Industrials & Basic Materials Conference on June 1, 2022, at 8:00 a.m. EDT in Boston, MA. Attendees will include CEO Robert J. Pagano, Jr., CFO Shashank Patel, and Senior VP Diane McClintock. As a global manufacturer, Watts Water is known for its extensive range of plumbing, heating, and water quality products for various applications. For more details, visit www.watts.com.
Watts Water Technologies, Inc. (NYSE: WTS) has joined the United Nations Global Compact (UNGC), a platform aimed at promoting responsible business practices. This participation emphasizes the company's commitment to the UNGC's Ten Principles concerning human rights, labor, environment, and anti-corruption. CEO Robert J. Pagano, Jr. stated that integrating these principles into the company's culture will enhance its sustainability strategy. Watts' Environmental, Social, and Governance (ESG) program has been recognized by Newsweek as one of America’s Most Responsible Companies for three consecutive years.
Watts Water Technologies (WTS) reported Q1 2022 sales of $463 million, marking a 12% increase year-over-year, with organic sales growth of 14%. GAAP operating margin improved to 15.4%, up 100 basis points, with GAAP EPS at $1.61, a 31% rise. CEO Robert J. Pagano Jr. noted significant growth across all regions despite ongoing supply chain challenges. The company raised its full-year adjusted operating margin outlook to between 20 to 60 basis points. However, uncertainties from the war in Ukraine may affect organic sales growth, projected at 3% to 8%.
Watts Water Technologies, Inc. (NYSE: WTS) has declared a quarterly dividend of $0.30 per share on its Class A and Class B Common Stock. This dividend is set to be paid on June 15, 2022 to stockholders of record as of June 1, 2022. The company is recognized globally for its extensive plumbing, heating, and water quality product lines, catering to commercial, residential, and industrial applications.
Watts Water Technologies, Inc. (NYSE: WTS) will host a live webcast for its First Quarter 2022 results on May 4, 2022, at 9:00 a.m. EDT. The financial results will be released after market close on May 3, 2022. The company specializes in manufacturing a wide range of plumbing, heating, and water quality products for various applications worldwide.
Watts Water Technologies, Inc. (NYSE: WTS) will present at the Gabelli Funds 32nd Annual Pump, Valve & Water Systems Virtual Symposium on February 24, 2022, at 8:30 a.m. EST. The presentation will be led by key executives including CEO Robert J. Pagano, CFO Shashank Patel, and others. Investors can access the webcast at this link, available for replay until February 23, 2023. Watts Water is a global manufacturer of plumbing, heating, and water quality products.
Watts Water Technologies, Inc. reported Q4 sales of $474 million, an 18% increase year-over-year, with full-year sales reaching $1.8 billion, up 20%. The Q4 GAAP EPS was $1.18, up 37%, and adjusted EPS was $1.42, up 23%. For the full year, GAAP EPS grew to $4.88, a 45% increase. Operating cash flow for the year was $181 million, down 21%, primarily due to inventory investments amidst supply chain disruptions. CEO Pagano expressed confidence in navigating ongoing challenges while maintaining customer focus.
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