earnings
confidence high
sentiment neutral
materiality 0.60
Watts Water Q4 sales $540M, EPS $2.02; organic sales down 5% YoY
WATTS WATER TECHNOLOGIES INC
2024-FY EPS reported
$8.69
revenue$2,252,200,000
- Q4 net sales $540.4M (-1% reported, -5% organic); diluted EPS $2.02 (+21%); adjusted EPS $2.05 (+4%).
- Full year 2024 net sales $2.25B (+10% reported, -1% organic); diluted EPS $8.69 (+11%); adjusted EPS $8.86 (+7%).
- Q4 operating margin 16.5% (+210 bps); adjusted operating margin 16.8% (+100 bps).
- Full year operating cash flow $361M, free cash flow $332M, up 16% and 18% YoY respectively.
- Closed acquisition of I-CON Systems on Jan 2, 2025 for digital expansion in institutional market.