secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001558370-22-000963
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837022000963/0001558370-22-000963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837022000963/wts-20220204x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000963

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer