WATTS WATER TECHNOLOGIES INC (WTS) Form 8-K — Aug 5, 2026
Watts Water Technologies reported record second quarter 2026 results, with net sales of $763.2 million up 19% on a reported basis and 12% organically, driven by favorable price realization and data center demand. Diluted EPS rose 17% to $3.53 and adjusted diluted EPS rose 18% to $3.66, though operating margin declined 80 bps to 20.2% due to acquisition dilution, inflation, tariffs, and restructuring charges. Management raised the full-year 2026 outlook, now expecting reported sales growth of 14%-17%, organic growth of 8%-11%, and adjusted operating margin of 19.8%-20.4%, citing strength in data center markets.
Key figures
- Eps
- 3.53
- Revenue
- 763200000
- Guidance
- FY2026 sales growth up 14%-17% reported and up 8%-11% organic; operating margin 19.4%-20.0% (up 100-160 bps); adjusted operating margin 19.8%-20.4% (up 20-80 bps)
- Net Income
- 118300000
- Total Debt
- 108000000
- Revenue Yoy
- 19% reported; 12% organic
- Cash Position
- 347900000
- Growth driver
- data center demand
- Apmea q2 sales
- 54000000
- Diluted eps yoy
- 17%
- Europe q2 sales
- 125000000
- Americas q2 sales
- 585000000
- H1 free cash flow
- 98200000
- Net debt position
- net cash of $239.9 million
- Q2 2025 net sales
- 643700000
- H1 2026 net income
- 217900000
- H1 2026 diluted eps
- 6.5
- Operating income q2
- 154000000
- Operating margin q2
- 20.2%
- Adjusted diluted eps
- 3.66
- Q2 share repurchases
- $4.1 million (approximately 13,000 shares)
- Fx sales contribution
- $7 million, or 1%, of reported growth
- H1 operating cash flow
- 120800000
- Operating margin change
- -80 bps
- Adjusted diluted eps yoy
- 18%
- Adjusted operating margin q2
- 21.0%
- Prior year h1 free cash flow
- 105100000
- Acquisition sales contribution
- $34 million, or 5%, of reported growth
- Dividends declared per share q2
- 0.63
- Adjusted operating margin change
- -60 bps
- Remaining repurchase authorization
- 121000000
Price after filing
Close on the filing date to close N calendar days later (from $358.09). Historical, not a forecast.
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