Watts Water Technologies Inc (NYSE: WTS) |
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Price: $240.0100
$-1.04
-0.431%
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Day's High:
| $244.04
| Week Perf:
| 0.49 %
|
Day's Low: |
$ 239.11 |
30 Day Perf: |
-2.62 % |
Volume (M): |
357 |
52 Wk High: |
$ 248.17 |
Volume (M$): |
$ 85,756 |
52 Wk Avg: |
$207.30 |
Open: |
$243.18 |
52 Wk Low: |
$175.37 |
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|
Market Capitalization (Millions $) |
8,040 |
Shares
Outstanding (Millions) |
34 |
Employees |
5,100 |
Revenues (TTM) (Millions $) |
2,240 |
Net Income (TTM) (Millions $) |
293 |
Cash Flow (TTM) (Millions $) |
100 |
Capital Exp. (TTM) (Millions $) |
35 |
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 |
-9.19 % |
10.03 %
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Stock Performances by Major Competitors |
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Watts Water Technologies Inc
Watts Water Technologies Inc: Navigating Market Challenges with Strong Fiscal PerformanceIn the most recent fiscal reporting period ending September 29, 2024, Watts Water Technologies Inc has shown resilience, boasting a revenue increase of 7.886% to $543.10 million, compared to $503.40 million in the corresponding period last year. Notably, the company reported earnings per share of $2.06, a 5.1% rise from $1.96 in the same period in 2023. This growth can be seen as a positive indicator, especially considering the overall performance of the Miscellaneous Fabricated Products sector, which grew by 5.26% during this timeframe.Despite these steady improvements year-over-year, the latest results reveal a contrasting quarterly picture. Compared to the previous quarter, revenues took a downturn of -8.998% from $596.80 million, and profits declined by -15.57% from $2.44 per share. This quarterly drop raises concerns, suggesting that while the company has performed well compared to last year, its short-term momentum appears to have slowed.
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Watts Water Technologies Inc
Financial News Report: Watts Water Technologies Inc Reports Strong First Quarter Performance In the fiscal first quarter of 2024, Watts Water Technologies Inc experienced significant growth in key financial metrics. The company's net profit per share increased by 12.44% to $2.17 per share compared to $1.93 a year ago. Additionally, profits grew by 30.12% from $1.67 per share in the prior financial reporting period. The revenue of Watts Water Technologies Inc also saw a rapid increase of 20.946% to $570.50 million from $471.70 million in the same fiscal quarter a year ago. Sequentially, revenue surged by 4.106% from $548.00 million. These growth figures highlight the company's strong performance in the first quarter of 2024.
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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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Per Share |
Current |
Earnings (TTM) |
8.72 $ |
Revenues (TTM) |
66.86 $
|
Cash Flow (TTM) |
2.98 $ |
Cash |
8.71 $
|
Book Value |
42.22 $
|
Dividend (TTM) |
1.72 $ |
|
Per Share |
|
Earnings (TTM) |
8.72 $
|
Revenues (TTM) |
66.86 $ |
Cash Flow (TTM) |
2.98 $ |
Cash |
8.71 $
|
Book Value |
42.22 $ |
Dividend (TTM) |
1.72 $ |
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Wholesale |
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65.43 % |
of total Revenue |
OEM |
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10.47 % |
of total Revenue |
Specialty |
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20.2 % |
of total Revenue |
DIY |
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3.91 % |
of total Revenue |
Residential Commercial Flow Control |
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61.08 % |
of total Revenue |
HVAC and Gas Products |
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23.67 % |
of total Revenue |
Drainage and Water Re-use Products |
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10.09 % |
of total Revenue |
Water Quality Products |
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5.16 % |
of total Revenue |
Americas |
|
74.93 % |
of total Revenue |
Americas Wholesale |
|
47.76 % |
of total Revenue |
Americas OEM |
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4.43 % |
of total Revenue |
Americas Specialty |
|
18.92 % |
of total Revenue |
Americas DIY |
|
3.82 % |
of total Revenue |
Americas Residential Commercial Flow Control |
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48.53 % |
of total Revenue |
Americas HVAC and Gas Products |
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15.47 % |
of total Revenue |
Americas Drainage and Water Re-use Products |
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6.02 % |
of total Revenue |
Americas Water Quality Products |
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4.91 % |
of total Revenue |
Europe |
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19.43 % |
of total Revenue |
Europe Wholesale |
|
13.57 % |
of total Revenue |
Europe OEM |
|
5.77 % |
of total Revenue |
Europe DIY |
|
0.09 % |
of total Revenue |
Europe Residential Commercial Flow Control |
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7.42 % |
of total Revenue |
Europe HVAC and Gas Products |
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7.78 % |
of total Revenue |
Europe Drainage and Water Re-use Products |
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4 % |
of total Revenue |
Europe Water Quality Products |
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0.23 % |
of total Revenue |
APMEA |
|
5.65 % |
of total Revenue |
APMEA Wholesale |
|
4.1 % |
of total Revenue |
APMEA OEM |
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0.27 % |
of total Revenue |
APMEA Specialty |
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1.27 % |
of total Revenue |
APMEA Residential Commercial Flow Control |
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5.13 % |
of total Revenue |
APMEA HVAC and Gas Products |
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0.43 % |
of total Revenue |
APMEA Drainage and Water Re-use Products |
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0.07 % |
of total Revenue |
APMEA Water Quality Products |
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0.02 % |
of total Revenue |
Intersales |
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-6.33 % |
of total Revenue |
Americas Intersales |
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-0.39 % |
of total Revenue |
Europe Intersales |
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-1.47 % |
of total Revenue |
APMEA Intersales |
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-4.46 % |
of total Revenue |
U S |
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70.63 % |
of total Revenue |
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