secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001558370-24-000983
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: sales $548M, adj. EPS $1.97 up 23% YoY
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- Q4 reported sales $548M (+9% reported, -1% organic); full-year sales $2.06B (+4% reported, +1% organic).
- Q4 adjusted operating margin 15.8%, up 150 bps; full-year adjusted operating margin 17.8%, up 140 bps.
- Q4 reported EPS $1.67 (-19%); adjusted EPS $1.97 (+23%); full-year adjusted EPS $8.27 (+16%).
- Operating cash flow $311M (+39%); free cash flow $281M (+40%) for full year 2023.
- Closed acquisitions of Bradley Corporation in Q4 and Josam Company effective Jan 1, 2024; management notes softening global outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837024000983/0001558370-24-000983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837024000983/wts-20240212x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000983

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