{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-007865","form_type":"8-K","ticker":"WTS","cik":"0000795403","company_name":"WATTS WATER TECHNOLOGIES INC","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.250483+00:00","generated_at":"2026-06-16T01:59:40.526456+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Watts Water reports record Q1; adjusted EPS $1.92 (+18% YoY); raised margin guidance","bullets":["Record Q1 sales $471.7M, up 2% reported / 4% organic; EPS $1.93 up 20%, adjusted EPS $1.92 up 18%.","Record operating margin 18.0% (up 260bps); adjusted operating margin 17.9% (up 220bps).","Raised FY2023 adjusted operating margin outlook to 15.7-16.3% from 15.4-16.0%; maintained organic sales guidance of -5% to +2%.","Acquired Enware Australia (specialty plumbing/safety) for ~$30M annual revenue; closed March 31, 2023.","Operating cash flow $33M, free cash flow $28M in Q1, significant YoY increase."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-007865","json":"https://secwatch.observer/filing/0001558370-23-007865.json","markdown":"https://secwatch.observer/filing/0001558370-23-007865.md","text":"https://secwatch.observer/filing/0001558370-23-007865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/795403/000155837023007865/0001558370-23-007865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/795403/000155837023007865/wts-20230503x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T01:59:40.526456+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"42dc95c64311371d030bf7c42d3f168f3b5248ae","claim":"WATTS WATER TECHNOLOGIES INC reported the fiscal quarter ended March 26, 2023 results: revenue $471.7 million, net income $64.7 million, EPS $1.93. Guidance raised.","evidence_excerpt":"​ ​ SVP FP&A & Investor Relations ​ ​ email: investorrelations@wattswater.com ​ WATTS WATER TECHNOLOGIES REPORTS RECORD FIRST QUARTER 2023 RESULTS ​ ◾ Reported sales of $472 million increased 2%; organic sales increased 4% ​ ◾ Reported operating margin of 18.0%, up 260 bps; adjusted operating margin of 17.9%, up 220 bps ​ ◾ Reported EPS of $1.93, up 20%;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/795403/000155837023007865/0001558370-23-007865-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 26, 2023"},{"label":"Revenue","value":"$471.7 million"},{"label":"Net income","value":"$64.7 million"},{"label":"EPS","value":"$1.93"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}