---
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"
generated_at: "2026-06-16T01:59:40.526456+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Watts Water reports record Q1; adjusted EPS $1.92 (+18% YoY); raised margin guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007865
- JSON: https://secwatch.observer/filing/0001558370-23-007865.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007865.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal quarter ended March 26, 2023
  - Revenue: $471.7 million
  - Net income: $64.7 million
  - EPS: $1.93
  - Guidance: raised
  - Result: reported results
  source text: ​ ​ 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_url: https://www.sec.gov/Archives/edgar/data/795403/000155837023007865/0001558370-23-007865-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.