Watts Water Technologies authorizes restructuring in France; ~$22M pre-tax charges, 96 positions eliminated

WATTS WATER TECHNOLOGIES INC

Shutdown of foundry at Hautvillers-Ouville facility; production relocated to other sites in France and Europe.
Pre-tax charges estimated at $22M, including $18M severance; after-tax charges ~$16M.
Approximately 96 positions eliminated (net headcount reduction of 68 in France).
Annual pre-tax savings of ~$3M expected by end of 2026; ~$1M capex for consolidation.
Program costs incurred through end of 2026; completion expected by then.

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