Shashank Patel
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.
Highest-materiality recent filing
Watts Water Q2 2026: record sales $763M, EPS $3.53, raises full-year outlook
Net sales of $763M, up 19% reported and 12% organically; record quarterly sales.
All nine director nominees elected; votes for ranged from 72.3M (Dubose) to 83.2M (Noonan).
Watts Water Q1 net sales $677M (+21%); EPS $2.97; raises dividend 21% to $0.63
Net sales $677.3M, up 21% reported and 12% organic; operating margin 19.6% (+390 bps).
Watts Water Q4 2025 record: sales $625M (+16%), EPS $2.50 (+24%)
Q4 sales $625.1M, up 16% reported, 8% organic; diluted EPS $2.50 (+24%).
Watts Water CFO Ryan Lada resigns; Diane McClintock appointed as successor
Ryan Lada notified resignation on Nov 14, 2025; Board removed him on Nov 15 to pursue another opportunity; departure not related to accounting or business matters.
Watts Water Technologies elects Suzanne L. Stefany to board of directors
Suzanne L. Stefany elected to Watts Water Board, effective Nov 9, 2025, until 2026 annual meeting.
Watts Water Q3 sales up 13% to $612M, adjusted EPS $2.50 (+23%), acquires Haws Corp
Net sales $611.7M, up 13% reported and 9% organic vs Q3 2024.
Watts Water hits record Q2 sales; EPS up 23% YoY, raises full-year outlook
Sales $644M, up 8% reported / 6% organic; operating margin 21.0% (adj. 21.6%), up 230 bps YoY.
Watts Water appoints Ryan Lada CFO, effective July 28; Patel retires
Ryan Lada named CFO effective July 28, 2025; base salary $525K and 75% target bonus.
Watts Water Tech annual meeting results: all nine directors elected, say-on-pay and auditor ratified
All nine director nominees elected; highest vote was Joseph T. Noonan with 83.8M votes for.
Watts Water Q1 sales $558M (-2% YoY), adj. EPS $2.37 (+2%), dividend +21% to $0.52
Reported sales $558.0M, down 2% vs Q1 2024; organic sales also down 2%.
Watts Water Q4 sales $540M, EPS $2.02; organic sales down 5% YoY
Q4 net sales $540.4M (-1% reported, -5% organic); diluted EPS $2.02 (+21%); adjusted EPS $2.05 (+4%).
Shutdown of foundry at Hautvillers-Ouville facility; production relocated to other sites in France and Europe.
Watts Water reports Q3 sales $544M (+8%), adjusted EPS $2.03; CFO Patel to retire March 2025
Sales $543.6M (+8% reported); organic sales down 4% vs Q3 2023.
Watts Water begins consultation to close foundry in France; material charges expected if approved
On Oct 1, 2024, Watts Water initiated works council consultations for closing the foundry at its Hautvillers-Ouville, France facility.
Watts Water Q2 2024 record sales $597M, EPS $2.44; organic sales flat, margins down
Sales $597.3M, +12% YoY; organic sales flat vs. prior year.
Watts Water extends $800M revolver maturity to 2029, ups expansion option to $400M
Maturity of $800M senior unsecured revolving credit facility extended from March 30, 2026 to July 12, 2029.
All nine director nominees elected with at least 73.4M votes for (range 73.4M to 83.7M); broker non-votes 869,303.
Watts Water Q1 record sales $571M, EPS $2.17; raises FY2024 outlook
Record Q1 sales of $570.9M (+21% reported, +6% organic); reported EPS $2.17 (+12%), adjusted EPS $2.33 (+21%).
Watts Water Technologies elects Kenneth Napolitano to its Board of Directors
Kenneth Napolitano elected to Board effective March 12, 2024, also appointed to Governance and Sustainability Committee.
Watts Water reports record Q4: sales $548M, adj. EPS $1.97 up 23% YoY
Q4 reported sales $548M (+9% reported, -1% organic); full-year sales $2.06B (+4% reported, +1% organic).
Watts Water elects Rebecca Boll to board; two directors not standing for re-election
Rebecca Boll elected director effective Feb 7, 2024; serves on Governance/Sustainability and Audit Committees.
Watts Water Q3 sales $504M (+3%); adjusted EPS $2.04 (+14%); raises FY margin outlook
Sales $504.3M (+3% YoY); organic sales flat; reported operating margin 17.3% (+80bps).
Watts Water completes $303M acquisition of Bradley Corporation, borrows $210M
Acquired Bradley for $303M (subject to adjustments); net ~$268M after estimated tax benefits of ~$35M.
Watts Water to acquire Bradley Corp for $303M cash; expects Q4 close, modest EPS accretion
Purchase price $303M cash; net ~$268M after ~$35M tax benefits; funded via cash on hand and credit facility.
Watts Water Q2 record sales $533M, EPS $2.26; raises FY23 outlook; authorizes $150M buyback
Record Q2 sales $532.8M (+1% YoY); net income $75.9M, diluted EPS $2.26 (+9%).
All nine director nominees elected; highest votes for Conway at 74.8M for, 8.9M withheld.
Watts Water reports record Q1; adjusted EPS $1.92 (+18% YoY); raised margin guidance
Record Q1 sales $471.7M, up 2% reported / 4% organic; EPS $1.93 up 20%, adjusted EPS $1.92 up 18%.
Watts Water reports record Q4 and full year 2022; sales up 6% Q4, EPS up 74%
Q4 sales $501.9M, up 6% reported and 11% organically; full year sales $1.98B, up 9% reported and 13% organically.
Watts Water Q3 record sales $487.8M, adj. EPS $1.79, raises FY2022 outlook
Sales $487.8M (+7% reported, +12% organic); GAAP net income $58.7M (+27%).
Watts Water reduces Munish Nanda's salary ahead of planned retirement in May 2023
Mr. Nanda stepped down as President of Americas & Europe on Aug 15; continues in transition role.
Watts Water Q2 sales $527M (+13% YoY); EPS $2.07 (+86%); raises FY2022 outlook
Sales $526.6M (+13% YoY); organic sales +16% driven by strong Americas execution.
Watts Water appoints Andre Dhawan as COO; Munish Nanda to retire by May 2023
Andre Dhawan appointed COO effective Aug 15, 2022; previously President at Gilbarco Veeder-Root.
Watts Water shareholders approve director slate, equity plan extension at 2022 annual meeting
All nine director nominees elected with between 78.7M and 83.1M votes for.
Watts Water Q1 sales $463M +12%; GAAP EPS $1.61 +31%; raises FY adjusted margin outlook
Sales $463.2M, up 12% (organic +14%) from Q1 2021.
President of Americas and Europe Munish Nanda to retire May 30, 2023; enters retention agreement
Nanda will continue employment to assist in successor search and transition of duties until May 30, 2023.
Watts Water Q4 sales $474M (+18% YoY); full year EPS $4.88 (+45%); President of Americas to retire
Q4 reported sales $474M, up 18% YoY (reported and organic); full year sales $1.8B, up 20%.
Watts Water resolves shareholder lawsuit over board removal provision; pays $50K
Verified class action filed Oct 6, 2021 challenged bylaw provision allowing board removal without cause as violating Delaware law.
Watts Water reports record Q3: sales $455M (+18%), EPS $1.37 (+41%), raises FY outlook
Net sales $455M, up 18% YoY; organic sales up 17%; GAAP operating margin 14.2% (+170 bps).
Watts Water amends bylaws, removing director removal-for-cause provision
Board approved amendment effective Nov 1, 2021 deleting Article II, Section 6 allowing director removal for cause by majority vote.
Watts Water reports record Q2 2021: sales $467M (+38%), adj. EPS $1.48 (+100%), raises FY outlook
Sales $467M, +38% reported; +32% organic; GAAP operating margin 11.3% (+210 bps).
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.
On March 12, 2024, the Board of Directors of the Registrant elected Kenneth Napolitano to serve as a member of the Registrant’s Board of Directors until the Registrant’s 2024 Annual Meeting of Stockholders or until his successor has been duly elected and qualified.
On February 7, 2024, the Board of Directors of the Registrant elected Rebecca Boll to serve as a member of the Registrant’s Board of Directors until the Registrant’s 2024 Annual Meeting of Stockholders or until her successor has been duly elected and qualified.
Munish Nanda stepped down as President of the Americas & Europe of the Company.
In connection with Mr. Dhawan joining the Company, Munish Nanda will step down as President of the Americas & Europe effective as of August 15, 2022 and thereafter will provide transition and advisory services until his planned retirement from the Company in May 2023.
On July 19, 2022, Watts Water Technologies, Inc. (the “Company”) announced the appointment of Andre Dhawan as the Company’s Chief Operating Officer effective upon the commencement of his employment with the Company on August 15, 2022.
Munish Nanda, President of Americas and Europe, provided notice of his intention to retire from Watts Water Technologies, Inc.
On February 4, 2022, Munish Nanda, President of Americas and Europe, provided notice of his intention to retire from the Registrant.
Max materiality 0.85 · Median 0.65 · Most common event earnings