secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001558370-23-017255
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watts Water Q3 sales $504M (+3%); adjusted EPS $2.04 (+14%); raises FY margin outlook
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- Sales $504.3M (+3% YoY); organic sales flat; reported operating margin 17.3% (+80bps).
- Adjusted EPS $2.04 (+14% YoY); reported EPS $1.96 (+12%).
- Year-to-date operating cash flow $201M, free cash flow $182M.
- Full-year 2023 adjusted operating margin outlook raised to 17.6%-17.7% (midpoint +60bps).
- Completed acquisition of Bradley Corporation on Oct 23, 2023; integration underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837023017255/0001558370-23-017255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837023017255/wts-20231101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017255

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