NYSE$WTS
Watts Water Technologies Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Watts reported record results driven by strategic acquisitions and effective cost management.
Watts Water Technologies reported record fourth-quarter and full-year results for 2023. Sales increased by 9% to $548 million, and adjusted EPS rose by 23% to $1.97. The company completed the acquisitions of Bradley Corporation and Josam Company, expanding its market presence. While monitoring weakening global economic indicators, Watts is taking actions to adjust its cost structure and remains confident in navigating the dynamic operating environment.
- Sales increased by 9% to $548 million.
- Adjusted EPS increased by 23% to $1.97.
- Operating margin increased by 100 bps to 14.4%.
- Completed the acquisitions of Bradley Corporation and Josam Company.
Headline financials
Revenue & EPS history
Watts · Revenue · Quarterly
$548M
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
As Watts enters 2024, the company is monitoring weakening global economic indicators. They are expecting softer market conditions as the year progresses and have incorporated these expectations into their outlook. They are taking actions as needed to adjust their cost structure and are confident that their experienced team is well-equipped to navigate the dynamic operating environment.
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 Q4 2023
+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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