NYSE$WTS
Watts Water Technologies Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported record results, with sales and operating margin higher than anticipated, driven by strong execution in the Americas.
Watts Water Technologies reported a record second quarter in 2022. Sales increased by 13% to $527 million, with organic sales up 16%. GAAP EPS was $2.07, up 86%, and adjusted EPS was $2.11, up 43%. Given the strong first half, the company is increasing its full-year 2022 outlook.
- Reported sales of $527 million increased 13%; organic sales increased 16%
- GAAP operating margin of 18.2%, up 690 bps; adjusted operating margin of 18.5%, up 360 bps
- GAAP EPS of $2.07, up 86% and adjusted EPS of $2.11, up 43%
- Increased adjusted full-year 2022 outlook
Headline financials
Revenue & EPS history
Watts · Revenue · Quarterly
$527M
Revenue by segment
Watts · $527M total across 3 segments · Q2 2022
- Americas$376M+22.4%71.4%
- Europe$128M-6.5%24.3%
- APMEA$22.8M-1.3%4.3%
Forward guidance
The company now expects organic revenue growth of 8% to 11% and adjusted operating margin expansion of 110 to 160 basis points, compared to last year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.7%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+2.6%
Avg return
30 days after
53%
36 / 68 earnings
Positive
+12.7%
Q2 2015
Best reaction
-7.8%
Q4 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | +2.6% | +7.6% | |
| Q4 2025 | +6.8% | +4.7% | -5.4% | |
| Q3 2025 | -6.7% | -2.4% | -3.4% | |
| Q1 2025 | +10.2% | +15.0% | +15.6% | |
| Q4 2024 | +7.6% | +2.5% | -1.1% | |
| Q3 2024 | -3.6% | -1.1% | +9.1% | |
| Q2 2024 | -5.7% | -9.2% | -3.7% | |
| Q1 2024 | +1.0% | +2.3% | -10.5% | |
| Q4 2023 | -7.8% | -8.2% | -5.5% | |
| Q3 2023 | +7.3% | +7.4% | +13.6% | |
| Q2 2023 | +0.8% | +3.0% | +1.1% | |
| Q1 2023 | +3.5% | +4.7% | +3.5% | |
| Q4 2022 | +3.2% | +3.3% | -3.1% | |
| Q3 2022 | -3.8% | -1.0% | +9.2% | |
| Q2 2022 | +7.2% | +5.8% | -1.6% | |
| Q1 2022 | +7.3% | +3.4% | +6.2% | |
| Q4 2021 | -5.0% | -8.7% | -8.0% | |
| Q3 2021 | +2.6% | +6.2% | -2.1% | |
| Q2 2021 | +2.7% | +4.6% | +8.8% | |
| Q1 2021 | +4.2% | +10.5% | +13.1% | |
| Q4 2020 | -2.9% | -5.3% | -4.3% | |
| Q3 2020 | -1.2% | -2.8% | +1.5% | |
| Q2 2020 | +3.5% | +8.9% | +16.4% | |
| Q1 2020 | -4.2% | -4.7% | +11.7% | |
| Q4 2019 | +7.2% | +6.8% | -9.0% | |
| Q3 2019 | -2.2% | -0.3% | +1.7% | |
| Q2 2019 | -1.5% | -2.1% | -2.1% | |
| Q1 2019 | +2.1% | +0.5% | -4.0% | |
| Q4 2018 | +8.6% | +5.9% | +3.9% | |
| Q3 2018 | +4.7% | +7.8% | +3.5% | |
| Q2 2018 | +0.9% | +0.2% | -3.6% | |
| Q1 2018 | +0.4% | +3.3% | +4.9% | |
| Q4 2017 | +3.8% | +6.0% | +10.5% | |
| Q3 2017 | +4.5% | +2.4% | +9.4% | |
| Q2 2017 | +4.7% | +3.1% | -2.5% | |
| Q1 2017 | +7.9% | +3.8% | +3.9% | |
| Q4 2016 | -3.5% | -4.6% | -5.5% | |
| Q3 2016 | +2.6% | +5.7% | +14.9% | |
| Q2 2016 | +3.3% | +3.5% | +8.8% | |
| Q1 2016 | -3.6% | — | — | |
| Q4 2015 | +3.5% | — | — | |
| Q3 2015 | -6.7% | — | — | |
| Q2 2015 | +12.7% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | -7.8% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | -6.0% | — | — | |
| Q4 2013 | +2.8% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -4.7% | — | — | |
| Q4 2012 | -2.8% | — | — | |
| Q3 2012 | +6.4% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2012 | -1.7% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q2 2011 | -0.6% | — | — | |
| Q3 2011 | +0.2% | — | — | |
| Q1 2010 | -1.9% | — | — | |
| Q1 2011 | -1.9% | — | — | |
| Q2 2010 | -4.1% | — | — | |
| Q4 2008 | -4.1% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q3 2009 | -0.9% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q2 2009 | -1.2% | — | — | |
| Q4 2009 | -1.2% | — | — |
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