secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001558370-24-013968
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837024013968/0001558370-24-013968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837024013968/wts-20241027x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013968

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