Watts Water Q2 2024 record sales $597M, EPS $2.44; organic sales flat, margins down

WATTS WATER TECHNOLOGIES INC

2024-Q2 EPS reported $4.61 revenue$1,168,200,000

Sales $597.3M, +12% YoY; organic sales flat vs. prior year.
Reported EPS $2.44 (+8%); adjusted EPS $2.46 (+5%).
Reported operating margin 18.7%, -10bps; adjusted margin 18.8%, -70bps.
Amended and extended credit facility through July 2029.
Full-year 2024 outlook maintained.

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