Watts Water posts record Q1 2026 sales of $677 million, up 21%; keeps full-year outlook
Watts Water Technologies reported first quarter 2026 net sales of $677.3 million, up 21% on a reported basis and 12% organically, with diluted EPS of $2.97 versus $2.21 a year earlier. The company also raised its quarterly dividend 21% to $0.63 per share starting in June 2026 and maintained its full-year 2026 outlook, though free cash flow fell to $6.6 million from $45.6 million.
Key points
- Net sales $677.3 million, up 21% reported and 12% organic; operating margin 19.6%, up 390 basis points
- Diluted EPS $2.97 vs. $2.21 a year earlier; adjusted diluted EPS $3.04 vs. $2.37
- Quarterly dividend raised from $0.52 to $0.63 per share, beginning June 2026
- Full-year 2026 outlook maintained: reported sales growth of 8% to 12%; free cash flow was $6.6 million vs. $45.6 million a year earlier
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.