WATTS WATER TECHNOLOGIES INC
Business
Watts Water Technologies is a global manufacturer of water technologies and solutions designed to promote safety, energy efficiency, and water conservation for commercial and residential buildings. The company offers flow control and protection products, heating, ventilation and air conditioning and gas products, drainage and water reuse systems, and water quality solutions. Watts distributes its products through wholesale distributors, original equipment manufacturers, specialty channels, and DIY retail chains across the Americas, Europe, and the Asia-Pacific, Middle East and Africa regions.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is WATTS WATER TECHNOLOGIES INC's CIK number?
WATTS WATER TECHNOLOGIES INC's SEC CIK number is 0000795403 (795403). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find WATTS WATER TECHNOLOGIES INC's SEC filings?
All of WATTS WATER TECHNOLOGIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did WATTS WATER TECHNOLOGIES INC last report earnings?
WATTS WATER TECHNOLOGIES INC (WTS) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-056325). This is WATTS WATER TECHNOLOGIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is WATTS WATER TECHNOLOGIES INC's most recent earnings 8-K?
WATTS WATER TECHNOLOGIES INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001104659-26-056325. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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