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Watts Water (WTS)
:WTS
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.92Last Year’s EPS
1.97Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: 5.12%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of positive outcomes such as exceeding Q3 expectations and strong APMEA performance, alongside challenges like declining organic sales and European market difficulties. The strategic introduction of Nexa and successful acquisition integrations provide a positive outlook, though market uncertainties remain a challenge.Company Guidance
In the Watts Water Technologies Q3 2024 earnings call, the company reported organic sales decline of 4%, with strong growth in APMEA offset by declines in the Americas and Europe. Adjusted operating margin was 17.1%, down 90 basis points from the previous year due to acquisition dilution and European volume deleverage. Year-to-date free cash flow was $204 million, and the company increased its full-year free cash flow conversion target to 100% of net income. For the fourth quarter, the company anticipates a mid-to-high single-digit decline in organic sales, largely due to fewer shipping days, with adjusted EBITDA margins expected between 18.6% and 19.2%. Despite a softer fourth quarter outlook, the company raised the midpoint of its full-year adjusted operating and EBITDA margin outlook, citing solid year-to-date performance, improved acquisition profitability, and cost-saving measures.Exceeding Q3 Expectations
Watts Water Technologies exceeded their expectations for the third quarter with an adjusted operating margin of 17.1% driven by productivity and cost controls.
Strong Performance in APMEA
APMEA region reported 8% organic sales growth and 10% reported sales growth, fueled by strong demand in China, New Zealand, and the Middle East.
Successful Integration of Acquisitions
Integrations of Bradley, Josam, and Enware acquisitions remain ahead of schedule with solid synergy savings.
Launch of Nexa
Introduction of Nexa, a smart water management solution, aiming for new business models geared towards services and recurring revenue.
Increased Full-Year Margin Outlook
Increased midpoint of full-year adjusted operating and EBITDA margin outlook due to solid year-to-date performance.
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WTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $197.34 | $190.21 | -3.61% |
| Aug 07, 2024 | $192.86 | $184.49 | -4.34% |
| May 08, 2024 | $210.89 | $209.82 | -0.51% |
| Feb 12, 2024 | $216.22 | $197.39 | -8.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Watts Water (WTS) report earnings?
Watts Water (WTS) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Watts Water (WTS) earnings time?
Watts Water (WTS) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTS EPS forecast?
WTS EPS forecast for the fiscal quarter 2024 (Q4) is 1.92.
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