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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) has announced a quarterly dividend of $0.26 per share, payable on March 15, 2022, to stockholders of record as of March 1, 2022. This payment reflects the company’s commitment to returning value to its shareholders. Watts Water Technologies is a leading global manufacturer, providing a wide range of plumbing, heating, and water quality solutions across various applications.
Watts Water Technologies, Inc. (NYSE: WTS) will host a live webcast on February 10, 2022, at 9:00 a.m. Eastern Time to discuss its Fourth Quarter 2021 financial results. The results will be announced on February 9, 2022, after market close. The conference call can be accessed via the Investor Relations section of the Company’s website, with an archived version available until February 10, 2023. Watts Water specializes in plumbing, heating, and water quality products for various applications worldwide.
Watts Water Technologies reported third quarter 2021 sales of $455 million, an 18% increase year-over-year. Operating margin improved to 14.2%, and EPS rose 41% to $1.37. The company generated $135 million in operating cash flow, a 6% increase. Despite ongoing supply chain challenges, regional growth was notable, with Americas sales up 18% and APMEA sales up 39%. Watts raised its full-year 2021 sales outlook to a growth of 14% to 17%. CEO Robert J. Pagano Jr. highlighted the team's focus on customer needs amidst market disruptions.
Watts Water Technologies, Inc. (NYSE: WTS) announced that CEO Robert J. Pagano, CFO Shashank Patel, and Treasurer Timothy M. MacPhee will present at the 2021 Baird Global Industrial Virtual Conference on November 10, 2021, at 12:15 PM EST. The presentation will be available via webcast, with replays accessible until November 10, 2022. Watts Water is a global manufacturer providing a wide range of plumbing, heating, and water quality products for commercial, residential, and industrial applications.
Watts Water Technologies, Inc. (NYSE: WTS) has declared a quarterly dividend of $0.26 per share, applicable to both Class A and Class B Common Stock. This dividend will be paid on December 15, 2021 to shareholders recorded by the close of business on December 1, 2021. Watts Water Technologies is a global manufacturer of plumbing, heating, and water quality products, serving commercial, residential, and industrial markets.
Watts Water Technologies, Inc. (NYSE: WTS) is set to hold a live webcast conference call on November 4, 2021, at 9:00 a.m. EDT, to discuss its third-quarter results. The financial results will be released after market close on November 3, 2021. This global manufacturer is noted for its extensive plumbing, heating, and water quality product offerings. Investors can access the call via the Investor Relations section of its website and will also be able to view an archived version of the call for one year following the event.
Watts Water Technologies, Inc. (NYSE: WTS) has appointed Monica Barry as the new Chief Human Resources Officer. Barry brings extensive experience from her previous roles at Colfax Corporation and Johnson Matthey, where she focused on talent management and organizational development. She succeeds Kenneth R. Lepage, who will remain as General Counsel and has also been named Chief Sustainability Officer. CEO Robert J. Pagano expressed confidence in Barry's leadership abilities, emphasizing her expertise in strategic initiatives, diversity, and inclusion.
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.
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