secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001558370-23-001035
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 Q4 and full year 2022; sales up 6% Q4, EPS up 74%
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- Q4 sales $501.9M, up 6% reported and 11% organically; full year sales $1.98B, up 9% reported and 13% organically.
- Q4 GAAP EPS $2.05, up 74%; adjusted EPS $1.60, up 13%. Full year GAAP EPS $7.48, up 53%; adjusted EPS $7.13, up 29%.
- Full year operating cash flow $224M; free cash flow $201M, up 24% and 26% respectively.
- Q4 GAAP operating margin 13.4% (+20 bps); adjusted operating margin 14.3% (+90 bps). Full year 15.9% and 16.4% respectively.
- Management expects softer market conditions as 2023 progresses; actions underway to adjust cost structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837023001035/0001558370-23-001035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837023001035/wts-20230208x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-001035

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