secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001558370-21-010232
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watts Water reports record Q2 2021: sales $467M (+38%), adj. EPS $1.48 (+100%), raises FY outlook
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- Sales $467M, +38% reported; +32% organic; GAAP operating margin 11.3% (+210 bps).
- Adjusted operating margin 14.9% (+380 bps); GAAP EPS $1.11 (+88%); adj. EPS $1.48 (+100%).
- Recorded $18M restructuring charge related to exit of French facility.
- Management raised adjusted full-year 2021 outlook citing stronger demand across all regions.
- Q2 2020 comps impacted by COVID-19; underlying R&R market strength and U.S. freeze benefited results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837021010232/0001558370-21-010232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837021010232/wts-20210804x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-010232

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