WATTS WATER TECHNOLOGIES INC

Listed Company

WTSCIK 0000795403NYSELarge AcceleratedMiscellaneous Fabricated Metal ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.44B

Net Income

—

Total Assets

$2.88B

Equity

$2.03B

Shares Out

—

Op. Cash Flow

$402.00M

Business

WATTS WATER TECHNOLOGIES INC is a global manufacturer and provider of water technologies and solutions that promote safety, energy efficiency and water conservation for commercial and residential buildings. It offers a broad portfolio including flow control and protection products (backflow preventers, pressure regulators, relief and mixing valves, leak detection), HVAC and gas systems (boilers, water heaters, heat and hydronic solutions), drainage and water re‑use systems, and water quality filtration and monitoring plus smart, connected solutions like Nexa. Its business is organized into four global product categories: Residential & Commercial Flow Control and Protection; HVAC & Gas; Drainage & Water Re‑use; and Water Quality. Watts markets and distributes products across the Americas, Europe and APMEA through wholesale distributors, OEMs, specialty distributors, retail/DIY channels and direct sales, supported by commissioned representatives and digital tools.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	2,439	2,252	2,056	1,980	1,809
Cost of goods sold	1,233	1,190	1,095	1,105	1,042
GROSS PROFIT	1,206	1,062	961	874	767
Selling, general and administrative expenses	734	664	605	549	508
Restructuring	24	7	6	11	19
OPERATING INCOME	448	390	351	315	240
Interest income	−10	−9	−7	−600,000	—
Interest expense	11	15	8	7	—
Other expense (income), net	1	−1	400,000	1	−800,000
Total other expense	2	4	1	7	6
INCOME BEFORE INCOME TAXES	446	386	350	308	234
Provision for income taxes	105	95	87	56	68
NET INCOME	341	291	262	252	166
NET INCOME PER SHARE	10.17	8.7	7.85	7.51	4.9
Weighted average number of shares	34	34	33	34	34
NET INCOME PER SHARE	10.17	8.69	7.82	7.48	4.88
Weighted average number of shares	34	34	34	34	34
Dividends declared per share	1.99	1.65	1.38	1.16	1.01

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-10-31	FY 2024 2024-12-31	FY 2024 2024-10-31	FY 2023 2023-12-31
Cash and cash equivalents	406	—	387	—	350
Trade accounts receivable, less reserve allowances of $12.5 million at December 31, 2025 and $11.9 million at December 31, 2024	294	—	253	—	260
Raw materials	191	—	142	—	151
Work in process	29	—	17	—	20
Finished goods	305	—	233	—	229
Total Inventories	524	—	392	—	399
Prepaid expenses and other current assets	62	—	51	—	52
Total Current Assets	1,286	—	1,084	—	1,061
Property, plant and equipment, at cost	777	—	692	—	677
Accumulated depreciation	−480	—	−437	—	−429
Property, plant and equipment, net	297	—	255	—	248
Goodwill	859	780	715	721	693
Intangible assets, net	295	—	235	—	216
Deferred income taxes	18	—	36	—	24
Other, net	127	—	72	—	68
TOTAL ASSETS	2,881	—	2,397	—	2,309
Accounts payable	182	—	148	—	132
Accrued expenses and other liabilities	235	—	191	—	190
Accrued compensation and benefits	96	—	79	—	84
Total Current Liabilities	512	—	418	—	406
LONG-TERM DEBT	198	—	197	—	298
DEFERRED INCOME TAXES	37	—	11	—	14
OTHER NONCURRENT LIABILITIES	107	—	63	—	79
Preferred Stock, $0.10 par value; 5,000,000 shares authorized; no shares issued or outstanding	—	—	—	—	—
Additional paid-in capital	721	—	696	—	674
Retained earnings	1,431	—	1,185	—	979
Accumulated other comprehensive loss	−128	—	−176	—	−143
Total Stockholders' Equity	2,028	—	1,708	—	1,513
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,881	—	2,397	—	2,309

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	341	291	262	252	166
Depreciation	36	35	30	28	31
Amortization of intangibles	21	20	13	12	14
Amortization of cloud computing arrangements	2	—	—	—	—
Loss on disposal, (gain) on sale of assets, impairment of long-lived asset and other	300,000	−5	200,000	−200,000	1
Stock-based compensation	21	20	20	18	23
Deferred income tax	39	−15	−19	−30	−8
Accounts receivable	−10	3	6	−20	−30
Inventories	−75	14	27	−16	−114
Prepaid expenses and other assets	−18	−9	−21	2	−800,000
Accounts payable, accrued expenses and other liabilities	46	8	−9	−21	99
Net cash provided by operating activities	402	361	311	224	181
Additions to property, plant and equipment	−46	−35	−30	−28	−27
Proceeds from the sale of property, plant and equipment	—	6	—	5	5
Business acquisitions, net of cash acquired	−257	−96	−313	—	−9
Other investing activity	—	1	—	—	—
Net cash used in investing activities	−303	−125	−343	−23	−31
Proceeds from long-term borrowings	—	—	240	85	40
Payments of long-term debt	—	−100	−90	−80	−95
Payments for withholding taxes on vested awards	−11	−13	−16	−13	−10
Payments for debt issuance costs	—	−2	—	—	−2
Payments for finance leases and other	−3	−3	−3	−5	−1
Proceeds from share transactions under employee stock plans	—	—	100,000	200,000	100,000
Payments to repurchase common stock	−16	−17	−16	−69	−16
Dividends	−67	−56	−47	−40	−34
Net cash (used in) provided by financing activities	−97	−191	69	−122	−119
Effect of exchange rate changes on cash and cash equivalents	16	−9	3	−11	−8
INCREASE IN CASH AND CASH EQUIVALENTS	19	37	39	69	23
Fair value of assets acquired	328	99	344	—	12
Cash paid, net of cash acquired	257	96	313	—	9
Liabilities assumed	71	2	31	—	3
Issuance of stock under management stock purchase plan	900,000	400,000	400,000	400,000	600,000
Interest	10	13	8	6	7
Income taxes	74	117	116	86	73

Filings

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