Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 815 CHESTNUT ST NORTH ANDOVER MA 1845 |
Tel: | 1-978-6896153 |
Website: | https://www.watts.com |
IR: | See website |
Key People | ||
Robert J. Pagano Chairman of the Board, President, Chief Executive Officer | Shashank Patel Chief Financial Officer | Elie Melhem President - Asia-Pacific, the Middle East & Africa |
Andre Dhawan Chief Operating Officer | Monica Barry Chief Human Resource Officer | Diane Mcclintock SVP, FP&A and Investor Relations | Kenneth Robert Lepage Chief Sustainability Officer, General Counsel, Company Secretary |
Business Overview |
Watts Water Technologies, Inc. is a supplier of products, solutions and systems that manage and conserve the flow of fluids and energy into, through and out of buildings. The Company's product lines include residential and commercial flow control products, such as backflow preventers, water pressure regulators, temperature and pressure relief valves, and leak detection products; heating, ventilation and air conditioning and gas products, which include water heaters and heating solutions, hydronic and electric heating systems for under-floor radiant applications, custom heat and hot water solutions and hydronic pump groups; drainage and water re-use products, which includes drainage and engineered rainwater harvesting solutions for commercial, industrial, marine and residential applications, and water quality products, such as point-of-use and point-of-entry water filtration and scale prevention systems. The Company also offers commercial washroom and emergency safety products. |
Financial Overview |
For the fiscal year ended 31 December 2023, Watts Water Technologies Inc revenues increased 4% to $2.06B. Net income increased 4% to $262.1M. Revenues reflect Americas segment increase of 3% to $1.43B, APMEA segment increase of 28% to $116.1M, Europe segment increase of 3% to $512.1M. Net income also reflects Americas segment income increase of 15% to $325.2M, Europe segment income increase of 6% to $70.4M, APMEA segment income increase of 15% to $16.1M. |
Employees: | 5,100 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,995M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,056M as of Dec 31, 2023 |
EBITDA (TTM): | $397.20M as of Dec 31, 2023 |
Net annual income (TTM): | $262.10M as of Dec 31, 2023 |
Free cash flow (TTM): | $234.60M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 33,305,112 as of Jan 28, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |