---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007370"
form_type: "8-K"
ticker: "WTS"
cik: "0000795403"
company_name: "WATTS WATER TECHNOLOGIES INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:44:23.080179+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Watts Water Q1 record sales $571M, EPS $2.17; raises FY2024 outlook

## Summary
- Record Q1 sales of $570.9M (+21% reported, +6% organic); reported EPS $2.17 (+12%), adjusted EPS $2.33 (+21%).
- Adjusted operating margin 18.2%, up 30 bps; reported operating margin 16.9%, down 110 bps.
- Announced 19% increase in quarterly dividend payments.
- Raising FY2024 outlook: organic sales growth -4% to +1% (midpoint +50 bps); adj op margin 17.1%-17.7% (midpoint +20 bps).
- Acquisitions of Bradley, Josam, Enware integrating well; strong cash flow supports strategic investments.

## SEC filing metadata
- accession: 0001558370-24-007370
- form_type: 8-K
- ticker: WTS
- cik: 0000795403
- company_name: WATTS WATER TECHNOLOGIES INC
- filed_at: 2024-05-08T23:59:59+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/795403/000155837024007370/0001558370-24-007370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795403/000155837024007370/wts-20240508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007370
- JSON: https://secwatch.observer/filing/0001558370-24-007370.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007370.txt

## Key facts
- Earnings Releases
  WATTS WATER TECHNOLOGIES INC reported the fiscal quarter ended March 31, 2024 results: revenue $570.9 million, net income $72.6 million, EPS $2.17. Guidance raised.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $570.9 million
  - Net income: $72.6 million
  - EPS: $2.17
  - Guidance: raised
  - Result: reported results
  source text: ​ ​ SVP FP&A & Investor Relations ​ ​ email: investorrelations@wattswater.com ​ WATTS WATER TECHNOLOGIES REPORTS RECORD FIRST QUARTER 2024 RESULTS ​ ◾ Reported sales of $571 million increased 21%; organic sales increased 6% including ~7% due to extra shipping days ​ ◾ Reported operating margin of 16.9%, down 110 bps; adjusted operating margin of 18.2%, up 30
  evidence_url: https://www.sec.gov/Archives/edgar/data/795403/000155837024007370/0001558370-24-007370-index.htm

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