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Watts Water Technologies Inc  (WTS)
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Watts Water Technologies Inc

WTS's Financial Statements and Analysis



Watts Water Technologies Inc reported in the second quarter of 2024 net earnings per share of $2.44 an increase by 7.96 % year on year from $2.26 and an improvement of 12.44 % from $2.17 realized in I. Quarter (Mar 31 2024).


second quarter of 2024
Earnings Per Share Revenues
$ 2.44 $  597 Mill
$+0.18     +7.96 % $+64M     +12.01 %



Watts Water Technologies Inc's Revenue rose by 12.01 % in second quarter of 2024 (Jun 30 2024) year on year, to $597 million and advanced by 4.61 % sequentially.


Watts Water Technologies Inc is

More on WTS's Income Statement



Watts Water Technologies Inc 's net income of $82.000 million in the second quarter of 2024 increased by 8.04 % from net earnings of $75.900 million achieved in II. Quarter a year ago.

Sequentially net earnings grew by 12.95 % from net income of $72.600 million realized in previous quarter.

More on WTS's Growth

Watts Water Technologies Inc Inventories
Inventories declined by -2.27 % to $421.90 million from II. Quarter a year ago, sequentially inventories rose by 5.16 %. WTS's Cash flow In the second quarter of 2024 company's net cash flow was $42 million, capital expenditures fell by -6.54.62%, to $-7 millions compare to same quarter a year ago

More on WTS's Cash flow Statement


Watts Water Technologies Inc payed out dividend of $1.51 per share in last 52 weeks representing 18.33 % of net earning per share in trailing twelve-month period.

During the same period Watts Water Technologies Inc earned $ 10.19 cash per share, on a free-cash flow basis 123.61 % of net earning per share.

Book value grew by 5.09 % sequentially to $42.22 per share, 83.83% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 21.19 per share from $ 19.15.

Company repurchased 0.00 million shares or 0.00 % in Jun 30 2024.
Interest Coverage Ratio was 41.23. Debt Coverage Ratio was 2.63.

• More on WTS's Dividends

 Market Capitalization (Millions) 6,516
 Shares Outstanding (Millions) 34
 Total Debt (Millions $) 98
 Revenue (TTM) (Millions $) 2,219
 Net Income (TTM) (Millions $) 276
 Cash Flow (TTM) (Millions $) -13
 Capital Exp. (TTM) (Millions $) -35
 Dividend TTM ($) 1.51 $
 Dividend Yield TTM (%) 0.88 %
 Employees (TTM) $ 4,800




Watts Water Technologies Inc payed out dividend of $1.51 per share in the last 52 weeks representing 18.33 % of net earning per share in trailing twelve-month period.

During the same period Watts Water Technologies Inc had $ 10.19 cash flow per share, on a free-cash flow basis 123.61 % of net earning per share.

Book value grew by 5.09 % sequentially to $42.22 per share, 83.83% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 21.19 per share from $ 19.15.

Company repurchased 0.00 million shares or 0.00 % in Jun 30 2024.
Interest Coverage Ratio was 41.23. Debt Coverage Ratio was 2.63.

• More on WTS's Balance Sheets

 Market Capitalization (Millions) 6,516
 Shares Outstanding (Millions) 34
 Total Debt (Millions $) 98
 Revenue (TTM) (Millions $) 2,219
 Net Income (TTM) (Millions $) 276
 Cash Flow (TTM) (Millions $) -13
 Capital Exp. (TTM) (Millions $) -35
 Dividend TTM ($) 1.51 $
 Dividend Yield TTM (%) 0.88 %
 Employees (TTM) $ 4,800
   


  News about Watts Water Technologies Inc Earnings

WTSsn Impressive Earnings Growth and Revenue Surge in Q1 2024

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 i...

Watts Water Technologies Inc Makes Waves with Impressive 9.185% Revenue Surge

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 Techno...

Watts Water Technologies Inc Reports Impressive Increase in Earnings and Revenue in Q3 2023

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 s...

Watts Water Technologies Inc Reports Positive Financial Performance with Revenue and Profit Surge in Q2 2023



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% fro...

Watts Water Technologies Inc Achieves Impressive Double-Digit Earnings Growth of 19.88% in Q1 2023, With Modest Revenue Increase

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 fi...


Date modified: 2024-09-12T18:28:23+00:00





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