Watts Water Technologies Inc (WTS) |
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Price: $201.1800
$-2.86
-1.402%
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Day's High:
| $205.885
| Week Perf:
| -0.78 %
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Day's Low: |
$ 201.16 |
30 Day Perf: |
-0.16 % |
Volume (M): |
92 |
52 Wk High: |
$ 219.52 |
Volume (M$): |
$ 18,569 |
52 Wk Avg: |
$183.68 |
Open: |
$204.04 |
52 Wk Low: |
$153.25 |
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Market Capitalization (Millions $) |
6,743 |
Shares
Outstanding (Millions) |
34 |
Employees |
4,800 |
Revenues (TTM) (Millions $) |
2,056 |
Net Income (TTM) (Millions $) |
262 |
Cash Flow (TTM) (Millions $) |
39 |
Capital Exp. (TTM) (Millions $) |
30 |
Watts Water Technologies Inc
Watts Regulator Co. was founded by Joseph E. Watts in 1874 in Lawrence, Massachusetts.
Watts Regulator Co. started as a small machine shop supplying parts to the New
England textile mills of the 19th century and grew into a global manufacturer
of products and systems focused on the control, conservation and quality of
water and the comfort and safety of the people using it. Watts Water Technologies,
Inc. was incorporated in Delaware in 1985 and became the parent company of Watts
Regulator Co.
Our strategy is to be the preferred supplier of differentiated products and
systems that manage and conserve the flow of fluids and energy into, through
and out of buildings in the residential and commercial markets of the Americas,
EMEA (Europe, Middle East and Africa) and Asia-Pacific. Within this framework,
we focus upon three themes: safety & regulation, energy efficiency and water
conservation. This strategy enables us to continue our growth of earnings via
increased sales, both organic and inorganic, and the systematic reduction of
manufacturing costs and operational expenses.
We intend to continue to expand organically by introducing new products in existing
markets, by enhancing our preferred brands, by developing new complementary
products, by promoting plumbing code development to drive the need for safety
and water quality products and by continually improving merchandising in our
wholesale distribution channels. We target selected new product and geographic
markets based on growth potential, including our ability to leverage our existing
distribution channels. Additionally, we leverage our distribution channels through
the introduction of new products, as well as the integration of products of
our acquired companies.
We intend to continue to generate incremental growth by targeting selected acquisitions,
both in our core markets as well as new complementary markets. We have completed
11 acquisitions in the last decade. Our acquisition strategy focuses on businesses
that manufacture preferred brand name products that address our themes of safety
& regulation, energy efficiency and water conservation in our primary or
related complementary markets. We target businesses that will provide us with
one or more of the following: an entry into new markets, an increase in shelf
space with existing customers, strong brand names, a new or improved technology
or an expansion of the breadth of our product offerings.
We are committed to reducing our manufacturing and operating costs using Lean
methodologies to drive improvement across all key processes, and consolidating
our diverse manufacturing operations and distribution centers in Americas, EMEA
and Asia-Pacific. We have a number of manufacturing facilities in lower-cost
regions. In recent years, we have announced several global restructuring plans
to reduce our manufacturing and distribution footprint in order to reduce our
costs and to realize additional operating efficiencies.
Additionally, a majority of our manufacturing facilities are ISO 9000, 9001
or 9002 certified by the International Organization for Standardization.
Many of our sales are for products that have been approved under regulatory
standards incorporated into state and municipal plumbing, heating, building
and fire protection codes in North America, Europe, and certain countries within
Asia-Pacific. We have consistently advocated for the development and enforcement
of plumbing codes and are committed to providing products to meet these standards,
particularly for safety and control valve products.
Company Address: 815 Chestnut Street North Andover 1845 MA
Company Phone Number: 688-1811 Stock Exchange / Ticker: NYSE WTS
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Customers Net Income fell by |
WTS's Customers Net Profit Margin fell to |
-27.47 % |
3.74 %
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Stock Performances by Major Competitors |
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Watts Water Technologies Inc
Watts Water Technologies Inc recently released its financial results for the fourth quarter of 2023, showing a mixed bag of numbers. While the company saw an increase in revenue by 9.185% to $548.00 million compared to the previous year, the earnings per share (EPS) decreased by -18.8% to $1.67 per share. This decline in EPS despite the increase in sales indicates some challenges that the company may be facing in terms of profitability. Despite the decrease in EPS, Watts Water Technologies Inc still outperformed its sector contemporaries in terms of revenue growth. The company's revenue growth of 9.185% was higher than the sector average of 5.72% in the same period. This indicates that Watts Water Technologies Inc is successfully increasing its top-line revenue compared to its competitors in the Miscellaneous Fabricated Products sector.
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Watts Water Technologies Inc
Financial News Report: Watts Water Technologies Inc Reports Revenue Rise and Strong Profit Margins in Q3 2023 On September 24, 2023, Watts Water Technologies Inc, a miscellaneous fabricated products company, released its fiscal results for the third quarter of the year. The company reported a revenue rise of 3.198% to $503.40 million from $487.80 million in the same reporting period a year before. Additionally, Watts Water Technologies Inc increased its earnings per share (eps) by 12% to $1.96, up from $1.75 in the prior year reporting period. However, the company's gains fell short compared to the remainder of the Miscellaneous Fabricated Products sector, which experienced a 12.84% increase in the same quarter of 2022. In the previous reporting period, Watts Water Technologies Inc achieved a revenue of $532.80 million and a bottom line of $2.26 per share.
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Watts Water Technologies Inc
Watts Water Technologies Inc, a leading provider of water control solutions, recently released its financial results for the period ending June 25, 2023. The company demonstrated moderate revenue growth and increased income per share year on year. While the top-line increase was lower than its industry peers, Watts Water Technologies Inc highlighted improving profit margins. This article examines the key facts and analyzes the financial performance of Watts Water Technologies Inc in context. Financial Results: 1. Revenue: Watts Water Technologies Inc experienced a 1.177% revenue advance to $532.80 million in the financial period ending June 25, 2023. This represented a growth of 12.953% from the previous period's $471.70 million. 2. Income Per Share: The company witnessed a 9.18% increase in income per share, reaching $2.26 year on year, compared to $1.93 per share in the prior period. 3. Net Profits: Net profits for the financial period ending June 25, 2023, rose by 8.9% to $75.900 million compared to $69.700 million reported a year ago.
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Watts Water Technologies Inc
Investors in the stock market were delighted to hear that Watts Water Technologies Inc had an impressive return on asset (ROA) of 13.52% in its first quarter of 2023, which was a new company high. Despite a deterioration in the net income, Watts Water Technologies Inc was able to improve its ROA compared to the fourth quarter of 2022. The Basic Materials sector had 16 other companies that had a higher return on assets, but Watts Water Technologies Inc still managed to advance. The return on assets overall ranking has advanced to 216 from the total ROA ranking in the fourth quarter of 2022 at 532, which is impressive. For the first quarter of 2023, Watts Water Technologies Inc reported a double-digit profitability rise on moderate revenue growth. The income advanced by 19.88% to $1.93 per share, while revenue advanced modestly by 1.835% to $471.70 million from the comparable quarter a year ago.
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Per Share |
Current |
Earnings (TTM) |
7.82 $ |
Revenues (TTM) |
61.34 $
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Cash Flow (TTM) |
1.17 $ |
Cash |
8.71 $
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Book Value |
42.2 $
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Dividend (TTM) |
1.38 $ |
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Per Share |
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Earnings (TTM) |
7.82 $
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Revenues (TTM) |
61.34 $ |
Cash Flow (TTM) |
1.17 $ |
Cash |
8.71 $
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Book Value |
42.2 $ |
Dividend (TTM) |
1.38 $ |
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Company Estimates |
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• Revenue Outlook
Watts Water Technologies Inc does not provide revenue guidance.
• Earnings Outlook
Watts Water Technologies Inc does not provide earnings estimates.
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