Watts Water Technologies Inc (N:WTS)

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
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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

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