secwatch.observer — SEC 8-K summary
======================================

Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001558370-22-011919
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watts Water Q2 sales $527M (+13% YoY); EPS $2.07 (+86%); raises FY2022 outlook
------------------------------------------------------------------------------

- Sales $526.6M (+13% YoY); organic sales +16% driven by strong Americas execution.
- GAAP EPS $2.07 (+86%); adjusted EPS $2.11 (+43%); operating margin expanded 690 bps (GAAP) and 360 bps (adjusted).
- Raised full-year 2022 outlook: organic revenue growth 8-11%, adjusted operating margin expansion 110-160 bps.
- CEO cites record quarter despite inflation, Ukraine war, China lockdowns, and supply chain disruptions.
- Business model driven by repair/replacement activity; confident navigating softening economy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837022011919/0001558370-22-011919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837022011919/wts-20220803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011919

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