earnings
confidence high
sentiment positive
materiality 0.80
Watts Water Q1 sales $463M +12%; GAAP EPS $1.61 +31%; raises FY adjusted margin outlook
WATTS WATER TECHNOLOGIES INC
2022-Q1 EPS reported
$1.61
revenue$463,200,000
- Sales $463.2M, up 12% (organic +14%) from Q1 2021.
- GAAP EPS $1.61, adjusted EPS $1.63, both up 31% YoY.
- GAAP operating margin 15.4% (+100 bps); adjusted 15.7% (+120 bps).
- FY 2022 guidance: organic sales growth 3%-8% maintained; adjusted operating margin expansion raised to 20-60 bps.
- All three regions achieved double-digit organic sales growth despite supply chain disruptions.