NYSE$WTS
Watts Water Technologies Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Watts' Q3 2024 performance saw sales increase by 8%, but organic sales decreased by 4%.
Watts Water Technologies reported an 8% increase in sales to $544 million, although organic sales declined by 4%. The company is raising the midpoint of its full-year 2024 operating margin outlook. EPS increased to $2.06, up 5% from the prior year.
- Reported sales increased 8% to $544 million; organic sales were down 4%.
- Operating margin was 17.1%, a decrease of 20 bps; adjusted operating margin was also 17.1%, down 90 bps.
- Reported EPS rose 5% to $2.06; adjusted EPS was $2.03, compared to $2.04 in the previous year.
- The midpoint of the full-year 2024 operating margin outlook is being raised.
Headline financials
Revenue & EPS history
Watts · Revenue · Quarterly
$544M
Revenue by segment
Watts · $504M total across 3 segments · Q3 2023
- Americas$351M+0.3%69.6%
- Europe$120M+6.3%23.8%
- APMEA$33.1M+32.9%6.6%
Forward guidance
The company is raising the midpoint of its full year operating margin outlook by 20 basis points and narrowing its full year sales guidance compared to our previous outlook. We expect reported sales to increase 9% to 10% and organic sales to decline between 1% and 2%. Full year operating margin is expected to be between 17.2% and 17.4% and adjusted operating margin to be between 17.5% and 17.7%, or down 10 basis points to 30 basis points.
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 Q3 2024
+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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