Watts Water ( (WTS) ) has released its Q4 earnings. Here is a breakdown of the information Watts Water presented to its investors.
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Watts Water Technologies, Inc. is a leading global manufacturer and provider of plumbing, heating, and water quality products and solutions, known for its innovation in water technology solutions.
The company reported its financial results for the fourth quarter and full year 2024, noting record performances in operating income, adjusted earnings per share, and sales for the year. Despite a slight decline in organic sales, the company highlighted significant achievements, including the acquisition of I-CON Systems, Inc.
Key financial highlights for the fourth quarter included sales of $540 million, a 1% decrease on a reported basis, and a 5% decrease organically. The company’s operating margin improved by 210 basis points, reaching 16.5%, while diluted earnings per share increased by 21% to $2.02. For the full year, sales grew by 10% to $2.25 billion, with a notable increase in operating cash flow to $361 million and free cash flow to $332 million. Regional performances varied, with growth in the Americas and APMEA regions, while Europe experienced a decline.
Looking ahead, Watts Water Technologies anticipates navigating geopolitical uncertainties and mixed global markets in 2025. The company remains focused on adjusting its cost structure and leveraging its strong balance sheet to support strategic investments and shareholder returns. Management is confident in its ability to achieve sustainable, long-term growth and create shareholder value through its resilient business strategy.
