secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001558370-21-014331
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 Q3: sales $455M (+18%), EPS $1.37 (+41%), raises FY outlook
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- Net sales $455M, up 18% YoY; organic sales up 17%; GAAP operating margin 14.2% (+170 bps).
- GAAP EPS $1.37 (+41%); adjusted EPS $1.39 (+32%); strong earnings growth.
- Year-to-date operating cash flow $135M, free cash flow $120M, up 6% and 26% respectively.
- Full-year 2021 organic sales growth outlook raised to 14%-17%; adjusted margin expansion expected as previously guided.
- CEO cited record quarter despite supply chain disruptions; reaffirms strategic flexibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837021014331/0001558370-21-014331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837021014331/wts-20211103x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-014331

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