---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012943"
form_type: "8-K"
ticker: "WTS"
cik: "0000795403"
company_name: "WATTS WATER TECHNOLOGIES INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:39:01.930342+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Watts Water Q2 record sales $533M, EPS $2.26; raises FY23 outlook; authorizes $150M buyback

## Summary
- Record Q2 sales $532.8M (+1% YoY); net income $75.9M, diluted EPS $2.26 (+9%).
- Adjusted EPS $2.34 (+11% YoY); adjusted operating margin 19.5% (+100 bps).
- Raised FY23 outlook: organic sales -2% to +2%, adj. op. margin 16.7%-17.3% (midpoint +100 bps).
- Board authorized additional $150M share repurchase program.
- Bylaws amended: mandatory expense advancement for directors/officers, exclusive forum, remote meeting rules.

## SEC filing metadata
- accession: 0001558370-23-012943
- form_type: 8-K
- ticker: WTS
- cik: 0000795403
- company_name: WATTS WATER TECHNOLOGIES INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795403/000155837023012943/0001558370-23-012943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795403/000155837023012943/wts-20230731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012943
- JSON: https://secwatch.observer/filing/0001558370-23-012943.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012943.txt

## Key facts
- Earnings Releases
  WATTS WATER TECHNOLOGIES INC reported the second quarter of 2023 results: revenue $532.8 million, net income $75.9 million, EPS $2.26 per diluted share. Guidance raised.
  - Period: the second quarter of 2023
  - Revenue: $532.8 million
  - Net income: $75.9 million
  - EPS: $2.26 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: ​ ​ SVP FP&A & Investor Relations ​ ​ email: investorrelations@wattswater.com ​ WATTS WATER TECHNOLOGIES REPORTS RECORD SECOND QUARTER 2023 RESULTS ​ ◾ Reported sales of $533 million increased 1%; organic sales were flat ​ ◾ Reported operating margin of 18.8%, up 60 bps; adjusted operating margin of 19.5%, up 100 bps ​ ◾ Reported EPS of $2.26, up 9%; adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/795403/000155837023012943/0001558370-23-012943-index.htm
- Governance Changes
  WATTS WATER TECHNOLOGIES INC: Board amended and restated bylaws to add mandatory advancement of expenses, exclusive forum provisions for DGCL and Securities Act claims, and updates for remote meetings, advance notice, proxies, and stockholder meeting conduct (effective 2023-07-31).
  - Change: bylaw amendment
  - Effective: 2023-07-31
  source text: On July 31, 2023, the Board of Directors (the “Board”) of the Company approved amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”), effective immediately. The Bylaws were amended and restated to provide for mandatory advancement of expenses to directors and officers in the event of an indemnifiable event, to make Delaware the exclusive forum for litigation relating to the Delaware General Corporation Law and the Company’s internal affairs, to make federal district courts the exclusive forum for actions arising under the Securities Act of 1933, and to reflect updates to the Delaware General Corporation Law and corporate best practices, including provisions relating to remote stockholder meetings, advance notice requirements for stockholder proposals and director nominations, the appointment of proxies, and the conduct of stockholder meetings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/795403/000155837023012943/0001558370-23-012943-index.htm

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