WATTS WATER TECHNOLOGIES INC (WTS): restructuring charge — 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.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

WATTS WATER TECHNOLOGIES INC announced a restructuring with charges of approximately $22 million affecting Hautvillers-Ouville, France facility (approximately 96 positions).

Type: restructuring
Charge: approximately $22 million
Affected area: Hautvillers-Ouville, France facility
Headcount: approximately 96 positions

Exact text from the filing

On February 3, 2025, the Board of Directors of Watts Water Technologies, Inc. (the “Company”) authorized a restructuring program with respect to the Company’s operating facility in Hautvillers-Ouville, France. The restructuring program is expected to include the shutdown of the foundry at the Company’s manufacturing facility in Hautvillers-Ouville, France and the relocation of the facility’s other production activities primarily to other facilities of the Company in France and other locations in Europe. The program is expected to include pre-tax charges totaling approximately $22 million, including costs for severance, relocation, facility exit and clean-up and certain asset write-downs, and result in the elimination of approximately 96 positions at the Hautvillers-Ouville, France facility.

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Source: SEC EDGAR

accession 0001558370-25-000702

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