Watts Water Q4 sales $474M (+18% YoY); full year EPS $4.88 (+45%); President of Americas to retire

WATTS WATER TECHNOLOGIES INC

2021-FY EPS reported $4.88 revenue$1,809,200,000

Q4 reported sales $474M, up 18% YoY (reported and organic); full year sales $1.8B, up 20%.
Q4 GAAP EPS $1.18 (up 37%), adjusted EPS $1.42 (up 23%); full year GAAP EPS $4.88 (up 45%), adjusted EPS $5.52 (up 42%).
Full year operating cash flow $181M; free cash flow $159M, down 21% and 15% due to proactive inventory investment.
President of Americas & Europe Munish Nanda to retire; will stay until successor in place, then advisory role until May 2023.
CEO cites supply chain disruptions and inflation continuing into 2022 but expects teams to meet challenges.

item 2.02 item 5.02 item 9.01

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Departed

Munish Nanda

President of Americas and Europe

WTS · WATTS WATER TECHNOLOGIES INC

Filed: February 9, 2022, 6:59 PM ET

On February 4, 2022, Munish Nanda, President of Americas and Europe, provided notice of his intention to retire from the Registrant.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Munish Nanda departed as President of Americas and Europe at WATTS WATER TECHNOLOGIES INC.

Action: provided notice of intention to retire
Role: President of Americas and Europe

Exact text from the filing

On February 4, 2022, Munish Nanda, President of Americas and Europe, provided notice of his intention to retire from the Registrant.

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WATTS WATER TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001558370-22-000963

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