Quarterly ResultMay 7, 2026, 10:28 AM
Watts Water Q1 Net Sales +21.4% to $677.3M; EPS $2.97
AI Summary
Watts Water Technologies Inc. reported strong first-quarter results for 2026, with net sales increasing by 21.4% to $677.3 million and net income rising by 34.6% to $99.6 million. Diluted EPS also saw a significant increase to $2.97. The company continued its restructuring efforts in France, incurring minimal costs in the current quarter compared to the prior year, and declared a higher dividend per share.
Key Highlights
- Net sales increased 21.4% to $677.3 million in Q1 2026 from $558.0 million in Q1 2025.
- Net income rose 34.6% to $99.6 million in Q1 2026 from $74.0 million in Q1 2025.
- Diluted EPS increased 34.4% to $2.97 in Q1 2026 from $2.21 in Q1 2025.
- Operating income grew 51.7% to $133.0 million in Q1 2026 from $87.7 million in Q1 2025.
- Dividends declared per share increased to $0.52 in Q1 2026 from $0.43 in Q1 2025.
- Americas segment net sales increased to $515.1 million in Q1 2026 from $418.1 million in Q1 2025.
- Net cash provided by operating activities decreased to $17.9 million in Q1 2026 from $55.2 million in Q1 2025.
- Restructuring costs were $0.2 million in Q1 2026, significantly down from $17.3 million in Q1 2025.
Price Impact
More from WTS