Quarterly ResultAug 6, 2026, 09:31 AM
Watts Water Q2 Net Income $118.3M; Sales $763.2M
AI Summary
Watts Water Technologies Inc. reported strong financial results for the second quarter and first six months of 2026. Net sales, net income, and diluted EPS all saw significant increases compared to the prior year periods. The company also provided updates on recent acquisitions, including the finalization of the Superior Boiler acquisition, and noted a substantial reduction in long-term debt.
Key Highlights
- Q2 2026 Net Sales increased to $763.2 million from $643.7 million in Q2 2025.
- Q2 2026 Net Income rose to $118.3 million from $100.9 million in Q2 2025.
- Q2 2026 Diluted EPS grew to $3.53 from $3.01 in Q2 2025.
- Six-month Net Sales increased to $1,440.4 million from $1,201.7 million in 2025.
- Six-month Net Income increased to $217.9 million from $174.9 million in 2025.
- Long-term debt decreased to $108.0 million at June 28, 2026, from $197.7 million at December 31, 2025.
- Dividends declared per share for Q2 2026 increased to $0.63 from $0.52 in Q2 2025.
- Finalized Superior Boiler acquisition for $90.0 million, adding $57.4 million in goodwill.
Price Impact
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