Watts Water Q2 sales rise 12% to $597 million; EPS up 8% to $2.44; outlook kept
Watts Water Technologies reported second-quarter 2024 sales of $597 million, up 12% on a reported basis but flat organically, and reported EPS of $2.44, up 8%. The company kept its full-year 2024 outlook and extended its revolving credit facility to July 12, 2029.
Key points
- Reported sales of $597.3 million rose 12% from $532.8 million a year earlier; organic sales were flat, and acquisitions added $65 million
- Reported EPS was $2.44, up from $2.26; adjusted EPS was $2.46, up 5% from $2.34
- Reported operating margin was 18.7%, down 10 basis points; Europe sales fell 16% and its operating margin fell 580 basis points
- Full-year 2024 outlook maintained: reported sales growth of 7% to 12% and adjusted operating margin of 17.1% to 17.7%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits 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 August 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.