Watts Water reports Q3 sales $544M (+8%), adjusted EPS $2.03; CFO Patel to retire March 2025

WATTS WATER TECHNOLOGIES INC

Sales $543.6M (+8% reported); organic sales down 4% vs Q3 2023.
Reported EPS $2.06 (+5%); adjusted EPS $2.03 vs $2.04 prior year.
Reported operating margin 17.1% (down 20 bps); adjusted 17.1% (down 90 bps).
Raising midpoint of full-year 2024 operating margin outlook.
CFO Shashank Patel to retire March 15, 2025; search begun for successor.

item 2.02 item 5.02 item 9.01

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Departed

Shashank Patel

Chief Financial Officer

WTS · WATTS WATER TECHNOLOGIES INC

Effective: 2025-03-15
Filed: October 30, 2024, 7:59 PM ET

On October 27, 2024, Shashank Patel, the Registrant’s Chief Financial Officer, provided notice of his intention to retire from the Registrant effective as of March 15, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Shashank Patel departed as Chief Financial Officer at WATTS WATER TECHNOLOGIES INC.

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On October 27, 2024, Shashank Patel, the Registrant’s Chief Financial Officer, provided notice of his intention to retire from the Registrant effective as of March 15, 2025.

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WATTS WATER TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001558370-24-013968

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