Watts Water posts record Q2 sales of $644 million and raises 2025 sales outlook
Watts Water Technologies reported second quarter 2025 net sales of $644 million, up 8% on a reported basis and 6% organically, with diluted EPS of $3.01, up 23%. The company raised its full year 2025 sales and margin outlook, but first-half free cash flow fell to $105 million from $120 million a year earlier.
Key points
- Q2 net sales $643.7 million, up 8% reported and 6% organic; operating margin 21.0%, up 230 basis points.
- Diluted EPS $3.01 vs. $2.44 a year earlier, up 23%; adjusted diluted EPS $3.09, up 26%.
- Full year 2025 reported sales growth now expected at 2% to 5%; operating margin expected at 17.2% to 17.8%.
- First-half free cash flow $105 million vs. $120 million, reflecting higher working capital and tariff-related inventory costs.
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 06, 2025.
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.